Business Context and Reporting Period
This Form 8-K was filed by GSI Technology, Inc. on July 24, 2008, reporting a corporate governance event. The filing concerns the departure of a member of the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a disclosure regarding board composition and does not contain financial statements.
Material Changes
The material change disclosed is the retirement of Hsiang-Wen Chen from the Board of Directors. Mr. Chen, who had served since January 1997, will retire effective as of the 2008 annual meeting of stockholders. His term expires on that date, and he has decided not to stand for re-election.
Guidance, Outlook, and Risks
Management commentary confirms that Mr. Chen's decision to retire is not the result of any disagreement with the Company on matters relating to operations, policies, or practices. The Board expressed gratitude for his dedicated service. No financial guidance, outlook, or specific risk factors were disclosed in this filing.
Key Facts for Investor Verification
- Hsiang-Wen Chen is retiring from the Board of Directors effective at the 2008 annual meeting.
- Mr. Chen served on the Board for approximately 11 years, starting in January 1997.
- The departure is voluntary and unrelated to any disagreement with company management.
- The filing contains no financial data or operational updates.