GSI Technology,Inc. (NASDAQ:GSIT) Files An 8-K Changes in Registrant’s Certifying Accountant

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GSI Technology,Inc. (NASDAQ:GSIT) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 9.01 Changes in Registrant’s Certifying Accountant.

(a) On September12, 2017, GSI Technology,Inc., a Delaware corporation (the “Company”), dismissed PricewaterhouseCoopers LLP (“PWC”), an independent registered public accounting firm, as the Company’s principal accountant. The Audit Committee (the “Audit Committee”) of the Board of Directors of the Company approved the decision.

The reports of PWC on the Company’s consolidated financial statements for the fiscal years ended March31, 2017 and March31, 2016 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.

In connection with the audits of the Company’s consolidated financial statements for the fiscal years ended March31, 2017 and March31, 2016, and in the subsequent interim period through September12, 2017, there were no disagreements with PWC on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which, if not resolved to PWC’s satisfaction, would have caused PWC to make reference to the matter in its report. There were no “reportable events” as that term is described in Item 304(a)(1)(v)of Regulation S-K.

The Company provided a copy of this disclosure to PWC and requested that PWC furnish a letter addressed to the SEC stating whether it agrees with the above statements or, if not, stating the respects in which it does not agree. The Company received the requested letter from PWC, and a copy of the letter is filed with this Current Report on Form8-K as Exhibit16.1.

(b) On September12, 2017, the Audit Committee approved the engagement of BDO USA, LLP (“BDO”) as the Company’s independent registered public accounting firm for the Company’s fiscal year ending March31, 2018, effective immediately.

During the fiscal years ended March31, 2017 and March31, 2016, and the subsequent interim period from April1, 2017, through the date of BDO’s engagement, neither the Company nor anyone acting on its behalf has consulted with BDO regarding (i)the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered with respect to the Company’s financial statements, and neither a written report or oral advice was provided to the Company that BDO concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, (ii)any matter that was the subject of a disagreement within the meaning of Item 304(a)(1)(iv)of Regulation S-K, or (iii)any reportable event within the meaning of Item 304(a)(1)(v)of Regulation S-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

16.1

Letter from PricewaterhouseCoopers LLP dated September14, 2017


GSI TECHNOLOGY INC Exhibit
EX-16.1 2 a17-22086_1ex16d1.htm EX-16.1 Exhibit 16.1   September 14,…
To view the full exhibit click here

About GSI Technology,Inc. (NASDAQ:GSIT)

GSI Technology, Inc. is a provider of Very Fast static random access memory (SRAM) products and low latency dynamic random access memory (LLDRAM) products. The Company operates through the design, development and sale of integrated circuits segment. Its products are incorporated primarily in high-performance networking and telecommunications equipment, such as routers, switches, area network infrastructure equipment, wireless base stations and network access equipment. In addition, the Company serves military, industrial, test equipment and medical markets for SRAMs. It offers products in various categories, including Synchronous SRAM Products, Low Latency DRAM Products and Bandwidth Engine Products. The Company offers over 30 families of SRAMs, approximately two families of LLDRAMs and a family of Bandwidth Engine products. These basic product configurations are the basis for over 15,000 individual products that incorporate a range of specifications and optional features.