GSI Technology renews Taiwan facility lease to 2029
Rhea-AI Filing Summary
GSI Technology, Inc. (GSIT) reported that its wholly owned subsidiary, GSI Technology Taiwan Inc., entered into a Factory Lease Agreement with Tai Yuen Textile Co., Ltd. on August 18, 2026. The agreement extends the lease of a 25,250 square foot office and operations facility in Chu-Pei City, Taiwan for three years, from September 1, 2026 through August 31, 2029, at a monthly rent of NT$605,640 (approximately US$19,015), inclusive of tax.
The company also held its annual meeting of stockholders on August 20, 2026. Stockholders elected five director nominees—Elizabeth Cholawsky, Haydn Hsieh, Ruey L. Lu, Lee-Lean Shu, and Ronald R. Steger—with each receiving over 14.8 million votes in favor and approximately 0.7–1.4 million votes withheld, plus 9.5 million broker non-votes. Stockholders voted on two additional matters, each receiving over 15 million votes in favor.
Positive
- None.
Negative
- None.
Filing Explained
GSI Technology Taiwan entered the lease extension on
8-K Event Classification
3 items: 1.01, 5.07, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Facility size: 25,250 square foot
Monthly rent: NT$605,640
Approximate monthly rent in U.S. dollars: approximately US$19,015
+4 more
7 metrics
Facility size
25,250 square foot
Size of leased premises in Chu-Pei City, Taiwan
Monthly rent
NT$605,640
Monthly rent, inclusive of tax, under the Factory Lease Agreement
Approximate monthly rent in U.S. dollars
approximately US$19,015
Approximate monthly rent equivalent stated by the company
Lease term
three (3) years
Lease from September 1, 2026 to August 31, 2029
Votes for Lee-Lean Shu
15,458,859
Votes for director nominee Lee-Lean Shu
Votes for auditor or other proposal
25,328,122
Votes for one additional matter submitted to stockholders
Votes for second additional matter
15,296,402
Votes for another matter submitted to stockholders
Key Terms
Material Definitive Agreement, Factory Lease Agreement, Broker Non-Vote, Emerging growth company, +1 more
5 terms
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Factory Lease Agreement financial
"entered into a Factory Lease Agreement (the “Lease Agreement”)"
Broker Non-Vote regulatory
"as well as the number of abstentions and broker non-votes"
A broker non-vote happens when a brokerage firm holds shares in street name for a client but does not cast a ballot on a particular shareholder item because the broker lacks discretionary authority to vote that matter. Think of it like a person who owns a ticket but the ticket-holder refuses to vote on some issues; the share counts for ownership but not for that vote, which can affect whether proposals reach the required number of votes or a quorum.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
annual meeting of stockholders regulatory
"The Company held its annual meeting of stockholders on August 20, 2026."
FAQ
What lease agreement did GSIT announce in this Form 8-K?
GSI Technology, Inc. disclosed a Factory Lease Agreement for its Taiwan subsidiary’s primary office and operations facility in Chu-Pei City, Taiwan. The lease runs for three years, from September 1, 2026 to August 31, 2029, covering 25,250 square feet.
What is the monthly rent for GSI Technology’s Taiwan facility under the new lease?
The monthly rent for the Taiwan facility is NT$605,640, which the company states is approximately US$19,015, inclusive of tax, for the 25,250 square foot premises used as the primary office and operations facility of its Taiwan subsidiary.
When does the new lease term for GSIT’s Taiwan facility begin and end?
The lease term begins on September 1, 2026 and expires on August 31, 2029. This three-year period continues GSI Technology Taiwan Inc.’s occupancy of the Chu-Pei City facility used as its main office and operations site.
What corporate governance actions did GSIT report from its August 20, 2026 annual meeting?
GSI Technology reported that stockholders, at the August 20, 2026 annual meeting, elected five director nominees. Each nominee received more than 14.8 million votes for, with withheld votes ranging from about 0.7 million to 1.4 million, plus 9.5 million broker non-votes.
How many votes did the leading GSIT director nominee receive in favor?
Director nominee Lee-Lean Shu received 15,458,859 votes for election, with 744,870 votes withheld and 9,535,179 broker non-votes, according to the reported final vote tallies from the annual meeting.
What other matters did GSIT stockholders vote on besides director elections?
In addition to director elections, stockholders voted on two additional matters. One received 25,328,122 votes for, 236,149 against, and 174,637 abstentions. Another received 15,296,402 votes for, 868,466 against, 38,861 abstentions, and 9,535,179 broker non-votes.
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