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 26, 2010. The company is a Delaware corporation headquartered in Sunnyvale, California.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
The following matters were submitted to a vote and passed:
- Election of Directors: Five individuals were elected to the Board of Directors. The vote tallies were as follows:
- Haydn Hsieh: 15,036,220 For; 460,252 Withheld; 7,804,801 Broker Non-Vote.
- Ruey L. Lu: 15,036,120 For; 460,352 Withheld; 7,804,801 Broker Non-Vote.
- Lee-Lean Shu: 15,070,219 For; 426,253 Withheld; 7,804,801 Broker Non-Vote.
- Arthur O. Whipple: 15,035,970 For; 460,502 Withheld; 7,804,801 Broker Non-Vote.
- Robert Yau: 14,805,193 For; 691,279 Withheld; 7,804,801 Broker Non-Vote.
- Ratification of Auditors: Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2011.
- Votes For: 23,158,532
- Votes Against: 120,975
- Abstentions: 21,766
- Broker Non-Votes: 0
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the tenure of the newly elected directors until the next annual meeting.
- Confirm the engagement of PricewaterhouseCoopers LLP for the fiscal year ending March 31, 2011.
- Review the significant number of broker non-votes (7,804,801) regarding director elections to understand voting power distribution.