GSI Technology amends executive retention plan, caps service period; annual meeting results ratified

GSI TECHNOLOGY INC

Compensation Committee approved Amended and Restated Executive Retention and Severance Plan effective Aug 22, 2024.
Key change: service after Sept 30, 2024 not counted for Base Salary Severance Period; CEO gets 18 months, other officers 12 months.
Upon equity acceleration, time-based RSUs settle in full; performance awards settle at greater of target or actual performance.
Annual meeting held Aug 22; all six director nominees elected, BDO USA ratified as auditor, say-on-pay approved.
Plan expires Sept 30, 2027.

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