GSI Technology Inc. Extends Taiwan Lease; Board Re‑Elected

What Happened

• GSI Technology Inc. filed a Form 8‑K disclosing two material items: (1) its wholly‑owned subsidiary, GSI Technology Taiwan Inc., entered a Factory Lease Agreement on August 18, 2026 to extend the lease for its primary Taiwan office/operations facility; and (2) the company held its annual meeting on August 20, 2026 and reported vote results for director elections, auditor ratification, and an advisory vote on executive compensation.
• The new lease covers the 25,250 sq. ft. premises in Chu‑Pei City, Taiwan for a three‑year term from September 1, 2026 through August 31, 2029, with monthly rent of NT$605,640 (about US$19,015). The lease (English translation) is filed as Exhibit 10.1.

Key Details

• Lease: 25,250 sq. ft. facility in Chu‑Pei City, Taiwan; term 9/1/2026–8/31/2029; monthly rent NT$605,640 (~US$19,015).
• Annual meeting (Aug 20, 2026) — Director election vote tallies:
  • Elizabeth Cholawsky: For 15,450,100; Withhold 753,629; Broker Non‑Vote 9,535,179
  • Haydn Hsieh: For 15,086,815; Withhold 1,116,914; Broker Non‑Vote 9,535,179
  • Ruey L. Lu: For 14,807,220; Withhold 1,396,509; Broker Non‑Vote 9,535,179
  • Lee‑Lean Shu: For 15,458,859; Withhold 744,870; Broker Non‑Vote 9,535,179
  • Ronald R. Steger: For 15,453,726; Withhold 750,003; Broker Non‑Vote 9,535,179
• Auditor ratification: BDO USA, P.C. ratified for fiscal year ending March 31, 2027 — Votes For: 25,328,122; Against: 236,149; Abstentions: 174,637.
• Advisory (non‑binding) say‑on‑pay: Approved — For: 15,296,402; Against: 868,466; Abstentions: 38,861; Broker Non‑Votes: 9,535,179.

Why It Matters

• The lease extension secures GSI’s primary Taiwan operations site through August 2029 and sets a known monthly rent obligation (NT$605,640), supporting near‑term operational continuity and lease expense planning.
• The election results show continuity in the board slate and shareholder approval of the auditor and executive compensation (advisory). Large broker non‑votes (9,535,179) were recorded on several matters and appear alongside the tallied votes, which is relevant when assessing the level of active shareholder participation reported by the company.