secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2024-08-21T23:59:59+00:00
Accession:  0000351998-24-000022
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199824000022/0000351998-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199824000022/f8k-2024billwentworthfinal.htm
  HTML page:      https://secwatch.observer/filing/0000351998-24-000022

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