Digi International Announces Board and Executive Changes
Ticker: DGII · Form: 8-K · Filed: Dec 13, 2024 · CIK: 854775
| Field | Detail |
|---|---|
| Company | Digi International INC (DGII) |
| Form Type | 8-K |
| Filed Date | Dec 13, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation
Related Tickers: DGII
TL;DR
Digi Intl (DGII) shakes up board & exec pay. Watch for strategy shifts.
AI Summary
Digi International Inc. announced on December 11, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key personnel. These changes are effective as of December 11, 2024.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future strategy and execution.
Key Players & Entities
- Digi International Inc. (company) — Registrant
- Delaware (jurisdiction) — State of Incorporation
- December 11, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have seen departures or appointments?
The filing indicates the departure of certain officers and the election of new directors, but does not specify the exact roles affected in this summary.
When were these changes effective?
The changes reported in this Form 8-K were effective as of December 11, 2024.
What is the primary business of Digi International Inc.?
Digi International Inc. is in the business of Computer Communications Equipment, as indicated by its Standard Industrial Classification code [3576].
Where is Digi International Inc. headquartered?
Digi International Inc. is headquartered at 9350 Excelsior Blvd., Suite 700, Hopkins, Minnesota 55343.
What other items are being filed alongside this Form 8-K?
The filing indicates that Financial Statements and Exhibits, Regulation FD Disclosure, and information regarding Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers are included.
Filing Stats: 532 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2024-12-13 17:08:30
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share DGII The Nasdaq Stock Mar
Filing Documents
- tm2430925d1_8k.htm (8-K) — 29KB
- tm2430925d1_ex99-1.htm (EX-99.1) — 11KB
- tm2430925d1_ex99-1img001.jpg (GRAPHIC) — 3KB
- 0001104659-24-128508.txt ( ) — 217KB
- dgii-20241211.xsd (EX-101.SCH) — 3KB
- dgii-20241211_lab.xml (EX-101.LAB) — 33KB
- dgii-20241211_pre.xml (EX-101.PRE) — 22KB
- tm2430925d1_8k_htm.xml (XML) — 4KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers . On December 11, 2024, Sally J. Smith informed Digi International Inc. (the "Company") of her decision to retire from the Board of Directors (the "Board"), effective immediately after the conclusion of the Company's 2025 Annual Meeting of Stockholders. Ms. Smith's decision to retire was not the result of any dispute or disagreement with the Company on any matter relating to the Company's operations, policies, or practices. Ms. Smith served on the Audit Committee and as chair of the Nominating and Governance Committee of the Board.
01
Item 7.01. Regulation FD Disclosure . The text of the Company's press release announcing Ms. Smith's departure and the nomination of two new Board members is set forth in Exhibit 99.1 to this report and is incorporated by reference into this Item 7.01.
Financial Statements and Exhibits
Financial Statements and Exhibits . No. Description Manner of Filing 99.1 Press Release, dated December 13, 2024 Furnished Electronically 104 The cover page from the Current Report on Form 8-K formatted in Inline XBRL Furnished Electronically
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized. Date: December 13, 2024 DIGI INTERNATIONAL INC. By: /s/ David H. Sampsell David H. Sampsell Executive Vice President, Corporate Development, General Counsel & Corporate Secretary