Company: GSIT
Filing Date: 2025-07-17
Form Type: DEF 14A
Source: 0001104659-25-068655
Chunk: 31

Company: GSI TECHNOLOGY INC
Filing Date: 2025-07-17
Form: DEF 14A
Chunk 31
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 stockholder feedback, the Committee adopted a compensation package for fiscal 2025 having the same basic structure as the compensation packages that had been adopted for previous years. On the basis of its review, in the first quarter of fiscal 2025 the Compensation Committee concluded both that executive officer base salaries would not be increased for fiscal 2025, and that executive officer base salaries would continue to reflect the reductions implemented as part of the Company’s November 2022 cost reduction initiatives. The fiscal 2025 base salaries of the named executive officers were as follows:

| Name            | ​ | ​ | Title                                 | ​ | ​ | Fiscal 2025Base Salary |   |            |   | ​ | ​ | Percentage Increase overFiscal 2024 Base Salary |   |   |   | ​ |
|:----------------|:--|:--|:--------------------------------------|:--|:--|:-----------------------|:--|:-----------|:--|:--|:--|:------------------------------------------------|:--|:--|:--|:--|
| Lee-Lean Shu    | ​ | ​ | President and Chief Executive Officer | ​ | ​ | ​                      | $ | 431,912(1) | ​ | ​ | ​ | ​                                               | ​ | — | ​ | ​ |
| Patrick Chuang  | ​ | ​ | Senior Vice President, Memory Design  | ​ | ​ | ​                      | $ | 359,290(2) | ​ | ​ | ​ | ​                                               | ​ | — | ​ | ​ |
| Didier Lasserre | ​ | ​ | Vice President, Sales                 | ​ | ​ | ​                      | $ | 322,712(3) | ​ | ​ | ​ | ​                                               | ​ | — | ​ | ​ |

(1) In connection with the Company’s cost reduction initiatives announced in November 2022, Mr. Shu accepted a 30% reduction in payment of his annual base salary. Since December 1, 2022, the actual annual salary paid to Mr. Shu’s has been $302,339. (2) In connection with the Company’s cost reduction initiatives announced in November 2022, Mr. Chuang accepted a 10% reduction in payment of his annual base salary. Since December 1, 2022, the actual salary paid to Mr. Chuang has been $323,361. (3) In connection with the Company’s cost reduction initiatives announced in November