8-KThe WireRed Alert
Executive Change
Filed Dec 20, 2021 · 4y ago · Accession 0000351998-21-000018
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) : December 17, 2021
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Washington
0-10394
91-0864123
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6645 185th Ave. N.E., Suite 100, Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
DAIO
NASDAQ
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company □
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act □
Items reported in
this filing:
Item 5.02
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 December 17, 2021,
the Board of Directors (the “Board”) of Data I/O Corporation appointed Dr.
Cheemin Bo-Linn to the Board effective on that date. She was named to the Audit
Committee, Compensation Committee, and Nominating & Corporate Governance
Committee of the Board.
Dr. Cheemin Bo-Linn is
the CEO of Peritus Partners, Inc., a valuation accelerator, for industry
sectors including automotive, electronics, consumer, and medical sectors with
integrated security, starting in 2013. Her prior positions include 20+ years in
IBM senior executive roles, where she led global teams as IBM’s VP of
Industrial Sector/Electronics, responsible for IBM’s software, semiconductor
chips, storage, and consulting services. Dr. Bo-Linn earned a doctorate degree
in computer-based management information and organizational change from the
University of Houston. She was also named a Visiting Professor in the Joint
2017-2018 EMBA/MBA program of Columbia University, London School of Business,
and the University of Hong Kong. Her teaching domain included digital transformation
and technology (artificial intelligence, IoT, sensory farms, data
analytics, and security).
Dr. Bo-Linn has
extensive domain experience and has been recognized for her accomplishments.
She was named “Top Woman of Influence” by Silicon Valley Business Journal and
was inducted to the “Hall of Fame” for Women in Technology. In 2019, she was
named one of the “Top 50” public company Board of Directors, by the National
Association of Corporate Directors amongst its 22,000 members. The Financial
Times / Agenda named her one of the 2021 “Top 100” Diverse Directors in the
Americas. Currently she is Lead Independent Director at BlackLine Safety, (TSX:
BLS) a global manufacturer of hardware enabled IoT SaaS solutions for the
transportation, consumer and industrial sectors and recently joined KORE Wireless,
(NASDAQ: KORE) an IOT solutions and services business. She has board
governance and industry expertise having served on four public boards in flash
memory, cloud, SaaS and manufacturing as well as experience on each of the
major board committees.
There were no
arrangements or understandings pursuant to which she was selected. There have
been no related person transactions. She was identified as a candidate through
our Board members’ networking. She 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
December 20, 2021
By: /s/
Joel S. Hatlen
Joel S. Hatlen
Vice President
Chief Operating and Financial Officer
Filing details
- Company
- DATA I/O CORP
- Ticker
- DAIO
- CIK
- 351998
- Form type
- 8-K
- Filing date
- Dec 20, 2021
- Report date
- Dec 17, 2021
- Document
- f8k-dec2021newdircb.htm
- Size
- 26 KB