secwatch / observer
8-K filed June 11, 2024, 7:59 PM ET ticker GSIT CIK 0001126741
other material confidence high sentiment neutral materiality 0.70

GSI TECHNOLOGY INC (GSIT): M&A transaction — GSI Technology completes $11.65M sale-leaseback of Sunnyvale HQ; director not to stand for reelection

GSI TECHNOLOGY INC

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Barbara Nelson

Director
GSIT · GSI TECHNOLOGY INC
Filed
June 11, 2024, 7:59 PM ET
On June 9, 2024, Barbara Nelson, a member of the Board of Directors of the Company (the “Board”), the Chair of the Nominating and Governance Committee of the Board and a member of the Audit Committee of the Board, notified the Company of her decision not to stand for reelection when her current term expires at the Company’s 2024 Annual Meeting of Stockholders.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Barbara Nelson departed as Director at GSI TECHNOLOGY INC.

Action
not stand for reelection
Role
Director
Exact text from the filing
On June 9, 2024, Barbara Nelson, a member of the Board of Directors of the Company (the “Board”), the Chair of the Nominating and Governance Committee of the Board and a member of the Audit Committee of the Board, notified the Company of her decision not to stand for reelection when her current term expires at the Company’s 2024 Annual Meeting of Stockholders.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GSI TECHNOLOGY INC completed a disposition involving D.R. Stephens & Company, LLC for $11.65 million cash (closed 2024-06-06).

Action
disposition
Counterparty
D.R. Stephens & Company, LLC
Consideration
$11.65 million cash
Closing
2024-06-06
Exact text from the filing
of the Company’s 1213 Elko Drive property in Sunnyvale, California (the “Sunnyvale Property”). Pursuant to the Purchase Agreement, the Company sold the Sunnyvale Property for $11.65 million cash. The foregoing descriptions are not intended to be complete descriptions of the Purchase Agreement or the transactions contemplated therein and are qualified in their
View on SEC.gov

30 m&a transactions filed in the last 30 days. Browse all m&a transactions →

GSI TECHNOLOGY INC filing history →

Source: SEC EDGAR
accession 0001104659-24-070374
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