Business Context and Reporting Period
This Form 8-K filing by Data I/O Corporation (DATA I) was submitted on August 7, 2025, reporting events occurring on August 8 and August 11, 2025. The filing primarily addresses the appointment of a new Chief Financial Officer and the departure of the interim CFO.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and personnel changes.
Material Changes
- Executive Appointment: Charles DiBona was appointed as Vice President, Chief Financial Officer, Secretary, and Treasurer, effective August 11, 2025.
- Executive Departure: Todd Henne stepped down as Interim Chief Financial Officer effective August 11, 2025, though he will remain briefly to ensure a smooth transition.
- Compensation Structure: Mr. DiBona's employment agreement includes a base salary of $350,000, an incentive compensation target of 50% of base salary, and an inducement grant of 100,000 Restricted Stock Units (RSUs) vesting annually over three years.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of material risks and contingencies. Management commentary is limited to the background of the new CFO, highlighting his experience as a former CFO at LabVantage Solutions and Unify Square, and his role in leading acquisition strategies and financial operations.
Investor Verification Checklist
- Verify the vesting schedule and performance conditions for the 100,000 RSU grant to Charles DiBona.
- Confirm the exact end date for Todd Henne's transition period as Interim CFO.
- Review the full Executive Employment Agreement (Exhibit 10.0) for additional terms regarding severance or non-compete clauses.
- Check subsequent filings for the first quarterly financial results under the new CFO's leadership.