secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2024-11-26T23:59:59+00:00
Accession:  0000351998-24-000026
Event type: leadership
Sentiment:  negative
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Data I/O terminates CTO Rajeev Gulati and VP Marketing Michael Tidwell without cause, effective Dec 1, 2024
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- Rajeev Gulati, VP and CTO, terminated without cause effective Dec 1, 2024; eligible for $127,500 severance (6 months salary).
- Michael Tidwell, VP Marketing and Corporate Business Development, terminated without cause effective same date; eligible for $125,000 severance.
- Severance conditional on signing waiver and release of claims acceptable to the company.
- No successors or replacements announced for either position.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199824000026/0000351998-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199824000026/f8k-2024termination.htm
  HTML page:      https://secwatch.observer/filing/0000351998-24-000026

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