Company: GSIT
Filing Date: 2025-07-17
Form Type: DEF 14A
Source: 0001104659-25-068655
Chunk: 30

Company: GSI TECHNOLOGY INC
Filing Date: 2025-07-17
Form: DEF 14A
Chunk 30
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. Fiscal 2025 Base Salary The base salaries of our executive officers are initially negotiated with the individual executive officer at the time of his or her recruitment or promotion and with reference to their experience, expected contribution, geographical location and market factors. Historically, the base salaries of our executive officers generally have been adjusted concurrently with our annual company-wide compensation review. During the first quarter of fiscal 2025, the Compensation Committee conducted its annual review of executive compensation. In connection with its fiscal 2025 review, the Compensation Committee, with the assistance of our Chief Financial Officer, compiled data on the same group of peer companies identified with the assistance of Compensia in connection with the fiscal 2022 review, with the exception of three companies that were no longer public reporting companies (the “Fiscal 2025 Peer Companies”). The Fiscal 2025 Peer Companies include industry peers and similarly-sized companies in our broader industry group. The Fiscal 2025 Peer Companies were as follows:

| ​ | Aehr Test Systems    | ​ | ​ | Everspin Technologies | ​ | ​ | NVE Corporation        | ​ |
| ​ | Amtech Systems, Inc. | ​ | ​ | Immersion Corporation | ​ | ​ | Pixelworks, Inc        | ​ |
| ​ | AXT, Inc.            | ​ | ​ | inTEST Corporation    | ​ | ​ | QuickLogic Corporation | ​ |
| ​ | Emcore Corporation   | ​ | ​ | Kopin Corporation     | ​ | ​ | Techpoint, Inc.        | ​ |
| ​ | ​                    | ​ | ​ | Lantronix             | ​ | ​ | ​                      | ​ |

In its annual review of executive compensation for fiscal 2025, the Compensation Committee took into account its general compensation philosophy and objectives, as described above, and various other considerations, including: • available compensation data for the Fiscal 2025 Peer Companies;

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• the Company’s financial performance during fiscal 2024, including the impact of the challenging economic environment on the Company’s revenues, lack of significant APU revenues and the Company’s continuing operating losses; • the outlook for the Company’s fiscal 2025 financial performance; and • management’s recommendation that no increase in officers’ base salaries over fiscal 2024 levels was deemed appropriate. The Committee also noted that, by positive votes at the last seven annual meetings of stockholders, our stockholders had approved the compensation of our named executive officers. Partially in recognition of this positive