Business Context and Reporting Period
Company: GSI Technology, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 26, 2012
Event: Announcement of a new share repurchase program adopted by the Board of Directors.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a corporate action regarding share repurchases.
Material Changes
- New Repurchase Authorization: The Board authorized a new program to repurchase up to $10 million of common stock at management's discretion.
- Total Repurchase Authority: Combined with the existing program adopted in November 2008, the Company now has total authority to repurchase shares with an aggregate purchase price of up to $11.4 million.
Guidance, Outlook, and Risks
The filing does not provide updated financial guidance, outlook, or specific risk factors. The repurchase program is discretionary, meaning management may determine the timing and amount of purchases based on market conditions and other factors.
Investor Verification Checklist
- Verify the remaining balance of the repurchase authority from the November 2008 program to confirm the $1.4 million residual amount.
- Review the attached press release (Exhibit 99.1) for specific details on the execution strategy of the new $10 million authorization.
- Check subsequent filings for actual repurchase activity and the impact on outstanding share count.