secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2024-08-23T23:59:59+00:00
Accession:  0001104659-24-092416
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000110465924092416/0001104659-24-092416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000110465924092416/tm2422524d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-092416

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