secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2024-05-31T23:59:59+00:00
Accession:  0001104659-24-067137
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GSI Tech adopts 2025 Variable Compensation Plan; CEO target bonus $275K
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- CEO Lee-Lean Shu target bonus $275,000; other exec officers target $137,500 each.
- Awards based on net revenue targets, APU net revenue, and R&D funding offset.
- Maximum payout up to 2× target if performance goals exceeded.
- Vesting: 60% paid April 2025, then 20% each April 2026 and 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000110465924067137/0001104659-24-067137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000110465924067137/tm2416008d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-067137

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer