Business Context and Reporting Period
This Form 8-K Current Report was filed by GSI Technology, Inc. on August 9, 2012. The report discloses a material definitive agreement entered into by GSI Technology Taiwan, Inc., a wholly-owned subsidiary of the Company.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to the new lease agreement:
- Annual Rent: Approximately NT$6,733,000 (approximately US$227,000).
- Facility Size: 25,250 square feet.
- Location: Chu-Pei City, Taiwan.
Material Changes
The Company extended its existing lease for its Taiwan facility through August 31, 2014. This represents a continuation of operations at the current location rather than a change in operational scope or financial performance relative to prior periods.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the execution of the lease agreement. No unusual items were reported.
Investor Verification Checklist
- Verify the total annual cost of the lease extension (US$227,000) against the Company's operating budget.
- Confirm the strategic necessity of maintaining the 25,250 square foot facility in Chu-Pei City through 2014.
- Review the full text of the Factory Lease Agreement (Exhibit 10.1) for any termination clauses or additional obligations not summarized in the report.