GSI Technology Elects New Directors, Reports Officer Compensation
Ticker: GSIT · Form: 8-K · Filed: Oct 29, 2024 · CIK: 1126741
| Field | Detail |
|---|---|
| Company | Gsi Technology Inc (GSIT) |
| Form Type | 8-K |
| Filed Date | Oct 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: GSIT
TL;DR
GSI Tech adds 2 directors, updates exec pay. Board shakeup incoming?
AI Summary
GSI Technology, Inc. announced on October 23, 2024, a change in its board of directors, with the election of two new directors, Dr. Hironori Arai and Mr. David J. Dwork. The company also reported on compensatory arrangements for its officers. This filing is a current report under the Securities Exchange Act of 1934.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while updates on executive compensation are closely watched by investors for alignment with performance.
Risk Assessment
Risk Level: medium — Board changes and executive compensation disclosures can sometimes precede or reflect significant strategic shifts or financial performance issues.
Key Players & Entities
- GSI Technology, Inc. (company) — Registrant
- Dr. Hironori Arai (person) — Newly elected director
- Mr. David J. Dwork (person) — Newly elected director
- October 23, 2024 (date) — Date of earliest event reported
FAQ
Who are the newly elected directors to GSI Technology's board?
Dr. Hironori Arai and Mr. David J. Dwork were elected as new directors.
What is the primary purpose of this 8-K filing?
The filing reports on the departure/election of directors, appointment of officers, and compensatory arrangements of certain officers.
When was the earliest event reported in this filing?
The earliest event reported was on October 23, 2024.
What is GSI Technology's principal executive office address?
The principal executive offices are located at 1213 Elko Drive, Sunnyvale, California 94089.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 496 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-10-29 16:09:54
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value GSIT The Nasdaq Stock Mar
Filing Documents
- tm2426991d1_8k.htm (8-K) — 25KB
- 0001104659-24-112237.txt ( ) — 194KB
- gsit-20241023.xsd (EX-101.SCH) — 3KB
- gsit-20241023_lab.xml (EX-101.LAB) — 33KB
- gsit-20241023_pre.xml (EX-101.PRE) — 22KB
- tm2426991d1_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On October 23, 2024, Robert Yau, a member of the Board of Directors of GSI Technology, Inc. (the "Corporation"), notified the Board of Directors of his retirement from the Board of Directors, effective immediately. Mr. Yau did not advise the Corporation of any disagreement with the Corporation on any matter relating to its operations, policies or practices.
03 Amendments to Articles of Incorporation or Bylaws; Change
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. In connection with Mr. Yau's retirement from the Board of Directors, on October 28, 2024, the Board of Directors of the Corporation adopted an amendment to the amended and restated bylaws of the Corporation to decrease the size of the Board of Directors from six (6) to five (5) members, effective as of October 28, 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized GSI Technology, Inc. Date: October 29, 2024 By: /s/ DOUGLAS M. SCHIRLE Douglas M. Schirle Chief Financial Officer