GSI Technology (GSIT) has provided an update.
GSI Technology, Inc. revised its Executive Retention and Severance Plan, with key updates including fixed severance periods for its CEO and Executive Officers irrespective of service after September 30, 2024, and provisions for equity award settlement in cases of accelerated vesting. Additionally, the company’s stockholders elected six directors, ratified BDO USA, P.C. as the independent auditor, and approved executive compensation at the annual meeting on August 22, 2024. These decisions reflect the company’s commitment to maintaining clear executive compensation strategies and strong corporate governance.
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