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[8-K] Data I/O Corp Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Data I/O Corporation appointed Charles DiBona as Vice President and Chief Financial Officer, Secretary and Treasurer effective August 11, 2025. Todd Henne stepped down as Interim CFO and will remain briefly to support a smooth transition.

Mr. DiBona brings recent advisory and interim CFO experience, having advised Private Liquidity Partners since July 2024 and founded Synchronic Consulting in June 2024. He previously served as CFO of LabVantage Solutions (2022�2023) and Unify Square (2016�2022), where he was involved in an acquisition by Unisys. His Executive Employment Agreement provides a $350,000 base salary, a 50% incentive target, participation in the Management Incentive Compensation Plan, and an inducement grant of 100,000 Restricted Stock Units vesting annually over three years; the grant was approved by the Compensation Committee. The filing furnishes the employment agreement and a press release as exhibits.

Data I/O Corporation ha nominato Charles DiBona Vicepresidente e Chief Financial Officer (CFO), nonché Segretario e Tesoriere, con decorrenza dall'11 agosto 2025. Todd Henne ha lasciato il ruolo di CFO ad interim e resterà temporaneamente per agevolare una transizione regolare.

Il signor DiBona porta esperienza recente come consulente e CFO ad interim: ha fornito consulenza a Private Liquidity Partners da luglio 2024 e ha fondato Synchronic Consulting nel giugno 2024. In precedenza è stato CFO di LabVantage Solutions (2022�2023) e di Unify Square (2016�2022), dove ha partecipato a un'acquisizione da parte di Unisys. Il suo contratto di lavoro prevede un salario base di $350,000, un obiettivo di incentivo del 50%, la partecipazione al Management Incentive Compensation Plan e un incentivo di 100.000 Restricted Stock Units che maturano annualmente in tre anni; la concessione è stata approvata dal Compensation Committee. La documentazione depositata include il contratto di lavoro e un comunicato stampa come allegati.

Data I/O Corporation nombró a Charles DiBona Vicepresidente y Chief Financial Officer (CFO), así como Secretario y Tesorero, con efectos desde el 11 de agosto de 2025. Todd Henne dejó el cargo de CFO interino y permanecerá brevemente para facilitar una transición sin problemas.

El señor DiBona aporta experiencia reciente como asesor y CFO interino; ha asesorado a Private Liquidity Partners desde julio de 2024 y fundó Synchronic Consulting en junio de 2024. Anteriormente fue CFO de LabVantage Solutions (2022�2023) y de Unify Square (2016�2022), donde participó en una adquisición por parte de Unisys. Su contrato laboral establece un salario base de $350,000, un objetivo de incentivo del 50%, participación en el Management Incentive Compensation Plan y una concesión incentivadora de 100,000 Restricted Stock Units que se devengan anualmente durante tres años; la concesión fue aprobada por el Compensation Committee. La presentación incluye el contrato de trabajo y un comunicado de prensa como anexos.

Data I/O CorporationëŠ� 2025ë…� 8ì›� 11ì¼ë¶€ë¡� Charles DiBonaë¥� 부사장 ê²� 최고재무책임ìž�(CFO), 서기 ë°� 재무담당으로 임명했습니다. Todd HenneëŠ� 임시 CFOì§ì—ì„� 물러났으ë©� ì›í™œí•� ì¸ìˆ˜ë¥� 위해 잠시 잔류í•� 예정입니ë‹�.

DiBona 씨는 최근 ìžë¬¸ ë°� 임시 CFO 경험ì� 보유하고 있으ë©�, 2024ë…� 7월부í„� Private Liquidity Partnersì—� ìžë¬¸ì� 제공했고 2024ë…� 6ì›� Synchronic Consultingì� 설립했습니다. ì´ì „ì—는 LabVantage Solutions(2022â€�2023)와 Unify Square(2016â€�2022)ì—서 CFOë¥� 역임했으ë©�, Unisysì—� ì˜í•œ ì¸ìˆ˜ 과정ì—� 관여했습니ë‹�. ê·¸ì˜ ìž„ì§ ê³„ì•½ì—는 기본 ì—°ë´‰ $350,000, 50% ì¸ì„¼í‹°ë¸Œ 목표, Management Incentive Compensation Plan 참여, 그리ê³� 3ë…„ì— ê±¸ì³ ì—°ì°¨ë³„ë¡œ ì·¨ë“ë˜ëŠ” 100,000 Restricted Stock Units(RSU) ì¸ì„¼í‹°ë¸Œ ë¶€ì—�ê°€ í¬í•¨ë˜ë©°; 해당 부여는 Compensation Committeeì� 승ì¸ì� 받았습니ë‹�. 제출 서류ì—는 ê³ ìš© 계약서와 ë³´ë„ìžë£Œê°€ ì¦ë¹™ ìžë£Œë¡� 첨부ë˜ì–´ 있습니다.

Data I/O Corporation a nommé Charles DiBona vice-président et Chief Financial Officer (CFO), ainsi que secrétaire et trésorier, à compter du 11 août 2025. Todd Henne a quitté son poste de CFO intérimaire et restera brièvement pour faciliter une transition en douceur.

M. DiBona apporte une expérience récente en conseil et en tant que CFO intérimaire : il conseille Private Liquidity Partners depuis juillet 2024 et a fondé Synchronic Consulting en juin 2024. Il a précédemment occupé le poste de CFO chez LabVantage Solutions (2022�2023) et Unify Square (2016�2022), où il a participé à une acquisition par Unisys. Son contrat de travail prévoit un salaire de base de $350,000, un objectif d'incitation de 50%, la participation au Management Incentive Compensation Plan et une attribution incitative de 100 000 Restricted Stock Units vestant annuellement sur trois ans ; l'attribution a été approuvée par le Compensation Committee. Le dossier fournit le contrat de travail et un communiqué de presse en pièces jointes.

Data I/O Corporation ernannte Charles DiBona mit Wirkung zum 11. August 2025 zum Vice President und Chief Financial Officer (CFO) sowie zum Secretary und Treasurer. Todd Henne trat als Interim-CFO zurück und wird kurzfristig bleiben, um einen reibungslosen Übergang zu unterstützen.

Herr DiBona bringt jüngste Beratungs- und Interim-CFO-Erfahrung mit: Er berät Private Liquidity Partners seit Juli 2024 und gründete im Juni 2024 Synchronic Consulting. Zuvor war er CFO bei LabVantage Solutions (2022�2023) und Unify Square (2016�2022), wo er an einer Übernahme durch Unisys beteiligt war. Sein Arbeitsvertrag sieht ein Grundgehalt von $350,000, ein 50% Incentive-Ziel, die Teilnahme am Management Incentive Compensation Plan sowie eine Anreizzuteilung von 100.000 Restricted Stock Units vor, die über drei Jahre jährlich vesten; die Zuteilung wurde vom Compensation Committee genehmigt. Die Einreichung enthält den Arbeitsvertrag und eine Pressemitteilung als Anlagen.

Positive
  • Experienced finance leader appointed as CFO with prior CFO and advisory roles, including involvement in an acquisition by Unisys
  • Clear transition plan—interim CFO will remain briefly to ensure continuity
  • Compensation aligns with retention: $350,000 base, 50% incentive target and 100,000 RSUs vesting over three years
  • Compensation approved by Compensation Committee and employment agreement furnished as an exhibit
Negative
  • None.

Insights

TL;DR: Experienced CFO hire with M&A and operational finance background; compensation includes $350k base and 100,000 RSUs.

From a financial-analysis perspective, the appointment strengthens executive finance capacity with a candidate who has led financial operations, acquisition strategy, and integration work at prior companies. The compensation package�$350,000 base, 50% incentive target, and 100,000 RSUs vesting over three years—aligns pay with performance and provides medium-term equity retention. The filing discloses no related-party transactions and includes an orderly transition from the interim CFO, reducing short-term operational risk in treasury and reporting functions.

TL;DR: Governance-wise the hire appears routine and properly documented, with committee approval and a brief overlap for transition.

The filing notes the inducement award was approved by the Compensation Committee and that there were no arrangements or related-party transactions in selecting Mr. DiBona, which supports appropriate governance controls. Furnishing the Executive Employment Agreement as an exhibit increases transparency. Retaining the interim CFO briefly for handover reduces execution risk during the leadership change. The disclosure is concise and focused on material terms relevant to shareholders.

Data I/O Corporation ha nominato Charles DiBona Vicepresidente e Chief Financial Officer (CFO), nonché Segretario e Tesoriere, con decorrenza dall'11 agosto 2025. Todd Henne ha lasciato il ruolo di CFO ad interim e resterà temporaneamente per agevolare una transizione regolare.

Il signor DiBona porta esperienza recente come consulente e CFO ad interim: ha fornito consulenza a Private Liquidity Partners da luglio 2024 e ha fondato Synchronic Consulting nel giugno 2024. In precedenza è stato CFO di LabVantage Solutions (2022�2023) e di Unify Square (2016�2022), dove ha partecipato a un'acquisizione da parte di Unisys. Il suo contratto di lavoro prevede un salario base di $350,000, un obiettivo di incentivo del 50%, la partecipazione al Management Incentive Compensation Plan e un incentivo di 100.000 Restricted Stock Units che maturano annualmente in tre anni; la concessione è stata approvata dal Compensation Committee. La documentazione depositata include il contratto di lavoro e un comunicato stampa come allegati.

Data I/O Corporation nombró a Charles DiBona Vicepresidente y Chief Financial Officer (CFO), así como Secretario y Tesorero, con efectos desde el 11 de agosto de 2025. Todd Henne dejó el cargo de CFO interino y permanecerá brevemente para facilitar una transición sin problemas.

El señor DiBona aporta experiencia reciente como asesor y CFO interino; ha asesorado a Private Liquidity Partners desde julio de 2024 y fundó Synchronic Consulting en junio de 2024. Anteriormente fue CFO de LabVantage Solutions (2022�2023) y de Unify Square (2016�2022), donde participó en una adquisición por parte de Unisys. Su contrato laboral establece un salario base de $350,000, un objetivo de incentivo del 50%, participación en el Management Incentive Compensation Plan y una concesión incentivadora de 100,000 Restricted Stock Units que se devengan anualmente durante tres años; la concesión fue aprobada por el Compensation Committee. La presentación incluye el contrato de trabajo y un comunicado de prensa como anexos.

Data I/O CorporationëŠ� 2025ë…� 8ì›� 11ì¼ë¶€ë¡� Charles DiBonaë¥� 부사장 ê²� 최고재무책임ìž�(CFO), 서기 ë°� 재무담당으로 임명했습니다. Todd HenneëŠ� 임시 CFOì§ì—ì„� 물러났으ë©� ì›í™œí•� ì¸ìˆ˜ë¥� 위해 잠시 잔류í•� 예정입니ë‹�.

DiBona 씨는 최근 ìžë¬¸ ë°� 임시 CFO 경험ì� 보유하고 있으ë©�, 2024ë…� 7월부í„� Private Liquidity Partnersì—� ìžë¬¸ì� 제공했고 2024ë…� 6ì›� Synchronic Consultingì� 설립했습니다. ì´ì „ì—는 LabVantage Solutions(2022â€�2023)와 Unify Square(2016â€�2022)ì—서 CFOë¥� 역임했으ë©�, Unisysì—� ì˜í•œ ì¸ìˆ˜ 과정ì—� 관여했습니ë‹�. ê·¸ì˜ ìž„ì§ ê³„ì•½ì—는 기본 ì—°ë´‰ $350,000, 50% ì¸ì„¼í‹°ë¸Œ 목표, Management Incentive Compensation Plan 참여, 그리ê³� 3ë…„ì— ê±¸ì³ ì—°ì°¨ë³„ë¡œ ì·¨ë“ë˜ëŠ” 100,000 Restricted Stock Units(RSU) ì¸ì„¼í‹°ë¸Œ ë¶€ì—�ê°€ í¬í•¨ë˜ë©°; 해당 부여는 Compensation Committeeì� 승ì¸ì� 받았습니ë‹�. 제출 서류ì—는 ê³ ìš© 계약서와 ë³´ë„ìžë£Œê°€ ì¦ë¹™ ìžë£Œë¡� 첨부ë˜ì–´ 있습니다.

Data I/O Corporation a nommé Charles DiBona vice-président et Chief Financial Officer (CFO), ainsi que secrétaire et trésorier, à compter du 11 août 2025. Todd Henne a quitté son poste de CFO intérimaire et restera brièvement pour faciliter une transition en douceur.

M. DiBona apporte une expérience récente en conseil et en tant que CFO intérimaire : il conseille Private Liquidity Partners depuis juillet 2024 et a fondé Synchronic Consulting en juin 2024. Il a précédemment occupé le poste de CFO chez LabVantage Solutions (2022�2023) et Unify Square (2016�2022), où il a participé à une acquisition par Unisys. Son contrat de travail prévoit un salaire de base de $350,000, un objectif d'incitation de 50%, la participation au Management Incentive Compensation Plan et une attribution incitative de 100 000 Restricted Stock Units vestant annuellement sur trois ans ; l'attribution a été approuvée par le Compensation Committee. Le dossier fournit le contrat de travail et un communiqué de presse en pièces jointes.

Data I/O Corporation ernannte Charles DiBona mit Wirkung zum 11. August 2025 zum Vice President und Chief Financial Officer (CFO) sowie zum Secretary und Treasurer. Todd Henne trat als Interim-CFO zurück und wird kurzfristig bleiben, um einen reibungslosen Übergang zu unterstützen.

Herr DiBona bringt jüngste Beratungs- und Interim-CFO-Erfahrung mit: Er berät Private Liquidity Partners seit Juli 2024 und gründete im Juni 2024 Synchronic Consulting. Zuvor war er CFO bei LabVantage Solutions (2022�2023) und Unify Square (2016�2022), wo er an einer Übernahme durch Unisys beteiligt war. Sein Arbeitsvertrag sieht ein Grundgehalt von $350,000, ein 50% Incentive-Ziel, die Teilnahme am Management Incentive Compensation Plan sowie eine Anreizzuteilung von 100.000 Restricted Stock Units vor, die über drei Jahre jährlich vesten; die Zuteilung wurde vom Compensation Committee genehmigt. Die Einreichung enthält den Arbeitsvertrag und eine Pressemitteilung als Anlagen.

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION 

 

FORM 8-K 

 

CURRENT REPORT

 Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 7, 2025

 

Data I/O Corporation

(Exact name of registrant as specified in its charter)

 

Washington

 

0-10394

 

91-0864123

(State or other jurisdiction

 of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

6645 185th Ave. N.E., Suite 100, Redmond, WA 98052

(Address of principal executive offices, including zip code)

 

 (425) 881-6444

(Registrant’s telephone number, including area code)

 

 Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company  

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act    ☐

 

 

 

 

Items reported in this filing:

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

Item 7.01 Regulation FD Disclosure

Item 9.01 Financial Statements and Exhibits

 

 

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

 

On August 11, 2025, it was announced that Data I/O Corporation (the “Company”) has appointed Charles DiBona, 60, as its Vice President and Chief Financial Officer, Secretary and Treasurer effective August 11, 2025.  Todd Henne has stepped down from his role as Interim Chief Financial Officer, effective at the time of Mr. DiBona’s appointment, but will remain with the Company for a brief period to ensure a smooth transition.

 

Mr. DiBona was previously an advisor for Private Liquidity Partners since July 2024, and is the founder of Synchronic Consulting, providing interim and fractional Chief Financial Officer (“CFO”) and advisory services since June 2024.  Prior to that, Mr. DiBona had served as CFO of LabVantage Solutions, Inc, from 2022 to 2023, where he oversaw financial operations and strategic initiatives for the company and led acquisition strategies to expand market presence and enhance product offerings and established robust cross-departmental policies to increase efficiency, controls, & compliance. From 2016 to 2022, Mr. DiBona served as CFO of Unify Square, Inc. where he delivered comprehensive financial leadership, directed global financial strategy and operations, and was instrumental in the Unify Square Inc.'s lucrative acquisition by Unisys Corp.  Previous to this, Mr. DiBona worked as a Partner/Chief Investment Analyst and Executive Director/Portfolio Fractional CFO of Tresoro Ventures & Tresoro Labs, LLC and also as a General Manager at Microsoft Corporation. Mr. DiBona holds a Master of Business Administration degree from Harvard Business School and an A.B. in Economics, Magna Cum Laude from Harvard University.

 

On August 8, 2025, Mr. DiBona and the Company entered into the Executive Employment Agreement outlining the material employment arrangements, which includes, among other items: a base salary of $350,000; participation in the Company’s Management Incentive Compensation Plan; an incentive compensation target of 50% of base salary; and an inducement grant of 100,000 Restricted Stock Units effective on the first day of the month following his employment and vesting annually over 3 years.  The equity grant is made under and pursuant to the terms of the Data I/O Corporation 2023 Omnibus Incentive Compensation Plan and was approved by the Compensation Committee of the Company. A copy of the Executive Employment Agreement is furnished herewith as Exhibit 10.0 in this current report.

 

There were no arrangements or understandings pursuant to which Mr. DiBona was selected as an officer. There were no related party transactions to report between Mr. DiBona and the Company. 

 

Item 7.01 Regulation FD Disclosure

 

On August 11, 2025, the Company issued a press release entitled “Data I/O Announces Appointment of Charles DiBona as Chief Financial Officer”, attached hereto as Exhibit 99.0. 

 

The information contained in the press release attached hereto is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

 
2

 

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.

 

Description

10.0

 

Executive Employment Agreement

99.0

 

Press Release: Data I/O Announces Appointment of Charles DiBona as Chief Financial Officer

 

 
3

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Data I/O Corporation

 

 

 

 

 

August 12, 2025

By: 

/s/ William Wentworth

 

 

 

William Wentworth

President and Chief Executive Officer

 

 

 
4

 

FAQ

Who has Data I/O (DAIO) appointed as CFO?

Charles DiBona was appointed Vice President and Chief Financial Officer, Secretary and Treasurer.

When is Charles DiBona's appointment effective?

The appointment is effective August 11, 2025.

What are the key compensation terms for DAIO's new CFO?

The Executive Employment Agreement provides a $350,000 base salary, a 50% incentive target, participation in the Management Incentive Compensation Plan, and an inducement grant of 100,000 RSUs vesting annually over three years.

Will the interim CFO remain with DAIO after the appointment?

Yes. Todd Henne stepped down as Interim CFO effective upon the appointment but will remain briefly to support a smooth transition.

Are there any related-party transactions disclosed in the filing about the hire?

The filing states there were no related-party transactions between Mr. DiBona and the Company.

What exhibits accompany the 8-K filing for this appointment?

The filing furnishes the Executive Employment Agreement (Exhibit 10.0) and the press release announcing the appointment (Exhibit 99.0).
Data I.O.

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