Business Context and Reporting Period
This Form 8-K filing by GSI Technology, Inc. reports on the results of the annual meeting of stockholders held on August 28, 2018. The company is incorporated in Delaware and maintains its principal executive offices in Sunnyvale, California.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is limited to corporate governance voting results.
Material Changes and Voting Results
The filing details the outcomes of three specific matters submitted to a vote:
- Election of Directors: Stockholders elected seven individuals to the Board of Directors. All nominees received significant support, with "For" votes ranging from approximately 14.33 million to 14.38 million shares. Broker non-votes totaled 3,918,115 for each nominee.
- Ratification of Auditors: Stockholders ratified the appointment of BDO USA, LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2019. The vote was 18,449,395 For, 216,854 Against, and 2,460 Abstentions.
- Executive Compensation Advisory Vote: Stockholders approved a non-binding resolution regarding fiscal 2018 executive compensation. The vote was 14,645,432 For, 80,700 Against, and 24,462 Abstentions.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risks, contingencies, or unusual items. The report is strictly a disclosure of shareholder voting tallies.
Key Facts for Investor Verification
- Verify the tenure of the newly elected Board of Directors, which serves until the next annual meeting.
- Confirm the engagement of BDO USA, LLP for the fiscal year ending March 31, 2019.
- Note the high level of shareholder support for the executive compensation advisory vote (approximately 95% of votes cast).
- Review the company's proxy statement for detailed information regarding the executive officers named in the compensation table.