Digi International CIO Radha Chavali to depart by Jan 5, 2024 under separation agreement

DIGI INTERNATIONAL INC

Radha Chavali, SVP and CIO, mutually agreed to end employment no later than Jan 5, 2024.
Separation agreement includes six months base salary, three months health plan contributions, and pro rata FY24 bonus.
Conditions for separation benefits include continued employment through separation date and signing a release.
Transition period from Nov 30, 2023 to Jan 5, 2024 or earlier termination for cause.
Ms. Chavali will perform transition duties and is subject to confidentiality and non-disparagement obligations.

item 5.02 item 9.01

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Departed

Radha Chavali

Senior Vice President and Chief Information Officer

DGII · DIGI INTERNATIONAL INC

Effective: 2024-01-05
Filed: December 1, 2023, 6:59 PM ET

On November 27, 2023, Digi International Inc. (“Digi”) and Radha Chavali, Senior Vice President and Chief Information Officer, mutually agreed to end her employment no later than January 5, 2024.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Radha Chavali departed as Senior Vice President and Chief Information Officer at DIGI INTERNATIONAL INC.

Action: mutually agreed to end employment
Role: Senior Vice President and Chief Information Officer

Exact text from the filing

On November 27, 2023, Digi International Inc. (“Digi”) and Radha Chavali, Senior Vice President and Chief Information Officer, mutually agreed to end her employment no later than January 5, 2024.

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Source: SEC EDGAR

accession 0001104659-23-122740

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