secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0000351998-23-000003
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Data I/O executives sign revised agreements; vesting period extended, non-disclosure updated
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- Four executive officers (Ambrose, Hatlen, Gulati, Tidwell) signed revised Executive Agreement on Jan 31, 2023.
- Stock vesting acceleration period extended from 180 days to 1 year for involuntary termination after Change in Control.
- Agreement updated to comply with Washington law on non-disclosure and remove references to expired rights plan.
- Changes made to calculation of 'parachute payments' under tax code Section 280G.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199823000003/0000351998-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199823000003/f8k-jan2023executiveagmt.htm
  HTML page:      https://secwatch.observer/filing/0000351998-23-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer