Data I/O Corp Appoints New Directors, Chairman
Ticker: DAIO · Form: 8-K · Filed: Jan 27, 2025 · CIK: 351998
| Field | Detail |
|---|---|
| Company | Data I/O Corp (DAIO) |
| Form Type | 8-K |
| Filed Date | Jan 27, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, management-changes
TL;DR
Board shakeup at DATA I/O: Two new directors in, one out. Johnson takes over as Chairman.
AI Summary
Data I/O Corporation announced on January 23, 2025, the departure of Director Robert L. W. Smith and the appointment of two new directors, David L. Johnson and Robert J. Smith, effective immediately. The company also announced the election of David L. Johnson as Chairman of the Board. These changes are effective as of January 23, 2025.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine board changes and does not indicate any significant financial distress or operational issues.
Key Players & Entities
- Data I/O Corporation (company) — Registrant
- Robert L. W. Smith (person) — Departing Director
- David L. Johnson (person) — Appointed Director and Chairman
- Robert J. Smith (person) — Appointed Director
- January 23, 2025 (date) — Effective date of changes
FAQ
Who has departed from the Data I/O Corporation board of directors?
Robert L. W. Smith has departed from the Data I/O Corporation board of directors.
Who are the newly appointed directors at Data I/O Corporation?
David L. Johnson and Robert J. Smith have been appointed as new directors.
What is the effective date of these board changes?
The changes are effective as of January 23, 2025.
Who has been elected as the Chairman of the Board?
David L. Johnson has been elected as the Chairman of the Board.
What is the principal executive office address for Data I/O Corporation?
The principal executive office address is 6645 185th Ave. N.E., Suite 100, Redmond, WA 98052.
Filing Stats: 622 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2025-01-27 12:47:41
Filing Documents
- f8k-jan2025newdirectorgl.htm (8-K) — 21KB
- 0000351998-25-000002.txt ( ) — 22KB
02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers _____________________________________________________________________________________________________________________________________________________________________________________________________
02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On January 23, 2025, the Board of Directors of Data I/O Corporation appointed Garrett R. Larson to the Board effective January 23, 2025. He was named to the Audit Committee, Compensation Committee, and Corporate Governance & Nominating Committee of the Board. Mr. Larson has extensive experience in capital markets and value creation, with a proven track record in equity analysis and strategic decision-making. Over the past eight years, Mr. Larson has successfully led sector verticals across consumer and technology groups for various multi-billion dollar hedge funds, including Kynikos Associates and SPX Capital. Currently serving as a Senior Equity Analyst at Kanen Wealth Management, LLC, Mr. Larson has an extensive track record of creating value and providing valuable insights to its portfolio companies. His deep understanding of financial markets and strategic acumen will be invaluable in guiding Data I/O's initiatives to enhance operational efficiency, evaluate potential M&A, and drive long-term growth. Mr. Larson has a Bachelor of Science in Finance from Florida State University. There were no arrangements or understandings pursuant to which he was selected. There have been no related person transactions. He was identified as a candidate through a shareholder suggestion. He will receive prorated the Data I/O Director standard retainer compensation and a grant of Restricted Stock Units equivalent to the prorated annual Director grant using the fair value on the date of appointment and vesting as of the next annual meeting of shareholders. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Data I/O Corporation January 27, 2025 By: /s/ Gerald Y. Ng Gerald Y. Ng Vice President and Chief Financial