Data I/O converts $6.8M note into Series B Preferred after shareholder approval; 2023 Plan amended

DATA I/O CORP

Converted $6,825,400 note plus interest into 6,841.33 shares of Series B Convertible Preferred Stock for Lytton-Kambara and Lytton Family LLC.
Shareholders approved (96.05%) potential issuance of 20%+ of common stock at below Nasdaq minimum price to note holders.
2023 Omnibus Incentive Plan amended to increase share reserve; approved by 74.70% of votes cast.
All five director nominees elected; say-on-pay approved with 92.32% support.
Grant Thornton LLP ratified as independent auditor with 96.60% of votes.

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