Data I/O names Bill Wentworth as President/CEO, succeeding retiring Anthony Ambrose

DATA I/O CORP

Anthony Ambrose to retire as President (Sept 1), CEO (Oct 1) and board (Oct 31); receives $347K salary continuation for 1 year.
William Wentworth, current board member, appointed President (Sept 1) and CEO (Oct 1); base salary $347K, 60% target incentive.
Wentworth granted 200,000 non-qualified options with 4-year quarterly vesting and 6-year term.
Wentworth was CEO of Source Electronics (sold to HIG Capital in 2001, Avnet in 2008); 35+ years industry experience.
Ambrose led transition to Automotive First; PSV family sold over 500 systems in past decade.

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