Data I/O Corporation Announces 2024 Annual Meeting Details

TL;DR

Data I/O Corporation will hold its 2024 Annual Meeting on May 16, 2024, in Redmond, WA, with key votes on directors and executive compensation.

AI Summary

DATA I/O CORP (DAIO) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. The 2024 Annual Meeting of Data I/O Corporation will be held on May 16, 2024, at 10:00 a.m. Pacific Daylight Time. The meeting will take place at Data I/O's headquarters located at 6645 185th Ave NE, Suite 100, Redmond, Washington. Key agenda items include the election of directors and ratification of Grant Thornton LLP as independent auditors. Shareholders will also vote on advisory proposals regarding executive compensation and the frequency of future advisory votes. The company encourages shareholders to vote by proxy and offers a conference call option to listen to the meeting.

Why It Matters

For investors and stakeholders tracking DATA I/O CORP, this filing contains several important signals. Shareholders have the opportunity to influence corporate governance by electing directors and providing advisory votes on executive compensation. The ratification of Grant Thornton LLP as auditors ensures continued independent oversight of the company's financial reporting.

Risk Assessment

Risk Level: low — DATA I/O CORP shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, containing standard agenda items and no immediately apparent material changes or risks.

Analyst Insight

Shareholders should review the proxy materials to make informed decisions on director elections and executive compensation proposals.

Key Numbers

• 10:00 a.m. Pacific Daylight Time — Meeting Time (2024 Annual Meeting)
• May 16, 2024 — Meeting Date (2024 Annual Meeting)

Key Players & Entities

• Data I/O Corporation (company) — Registrant
• Grant Thornton LLP (company) — independent auditors
• Anthony Ambrose (person) — President and Chief Executive Officer
• May 16, 2024 (date) — Annual Meeting date
• 2024 (date) — Annual Meeting year
• Redmond, Washington (location) — Company headquarters

FAQ

Industry Context

Data I/O Corporation operates in the semiconductor industry, providing programming and data management solutions for electronic devices.

Regulatory Implications

This filing is a DEF 14A, a definitive proxy statement required by the SEC for public companies to solicit shareholder votes.

What Investors Should Do

1. Review the proxy statement for detailed information on director nominees and executive compensation.
2. Vote by proxy or attend the meeting on May 16, 2024, to cast your vote.
3. Consider the company's performance and proposals when making voting decisions.

Key Dates

• 2024-05-16: 2024 Annual Meeting of Shareholders — Shareholders will vote on key corporate matters including director elections and executive compensation.

Year-Over-Year Comparison

This is the initial filing for the 2024 Annual Meeting, providing details on upcoming shareholder votes.

Key Financial Figures

• $3.57 — Q Capital Market on March 18, 2024, was $3.57 per share. 2 Principal Holders of D
• $1B — dustry standard server business to over $1B in revenues. He is Chair of the Evergre

Filing Documents

• daioproxy_2024v6.htm (DEF 14A) — 463KB
• x24032812433900.jpg (GRAPHIC) — 99KB
• x24032812433901.jpg (GRAPHIC) — 119KB
• x24032812433900.gif (GRAPHIC) — 22KB
• 0000351998-24-000006.txt ( ) — 796KB

Executive Compensation in this document

Executive Compensation in this document. Risk Oversight Our current Board of Directors consists of five independent directors, and one non-independent director, our Chief Executive Officer. Risk oversight is generally handled by our entire Board of Directors, although certain risk oversight areas such as internal control and cyber risk are handled by our Audit Committee, and compensation is handled by our Compensation Committee. The Board leadership structure promotes effective oversight of the Company's risk management for the same reasons that the structure is most effective for the Company in general, that is, by providing the Chief Executive Officer and other members of senior management with the responsibility to assess and manage the Company's day-to-day risk exposure and providing the Board, and specifically the Audit Committee of the Board, with the responsibility to oversee these efforts of senior management. Director Independence Messrs. Brown, Smith and Wentworth, and Ms. Washlow are independent directors as defined by applicable U.S. Securities and Exchange Commission ("SEC") rules and NASDAQ listing standards. Ms. Bo-Linn was also independent, but was no longer a director as of May 18, 2023. Mr. Ambrose, our Chief Executive Officer, is not an independent director. Leadership Structure Our Board Chair, Ms. Washlow, is an independent director and Mr. Ambrose is our Chief Executive Officer, President, and Director. 5 PROPOSAL 1: ELECTION OF DIRECTORS At the 2023 Annual Meeting, the shareholders elected five directors to serve until the next Annual Meeting or until such director's successor has been qualified and elected or such director's earlier death, resignation or removal. For the 2024 Annual Meeting, the Board of Directors has approved the five nominees named below. All five nominees are currently members of the Board of Directors. Each of the nominees has indicated that they are willing and able to serve as directors. However, sho

View Full Filing

View this DEF 14A filing on SEC EDGAR