AGM/EGMMay 29, 2026, 02:11 PM
Data I/O Sets 2026 Annual Meeting; Seeks Approval for Share Issuance
AI Summary
Data I/O Corporation announced its 2026 Annual Meeting of Shareholders to be held on July 8, 2026. Key proposals include the election of five directors, ratification of Grant Thornton LLP as independent auditors, and amendments to the 2023 Omnibus Incentive Compensation Plan to increase shares available for issuance. Shareholders will also vote on the approval of issuing more than 20% of outstanding common shares to a Private Placement investor and an advisory vote on executive compensation. The Board of Directors recommends a vote FOR all proposals.
Key Highlights
- Data I/O's 2026 Annual Meeting will be held on July 8, 2026, at 10:00 a.m. PDT at its Redmond, Washington headquarters.
- Shareholders will vote on the election of five directors.
- Proposal to ratify Grant Thornton LLP as independent auditors for 2026.
- Proposal to amend the 2023 Omnibus Incentive Compensation Plan to increase shares available for issuance.
- Proposal to approve the issuance of more than 20% of outstanding common shares to a Private Placement investor.
- Advisory vote on executive compensation (Say on Pay).
- Record Date for voting is May 19, 2026, with 9,394,422 shares of Common Stock outstanding.
- David L. Kanen and Kanen Wealth Management LLC beneficially own 839,421 shares, representing 8.94% of outstanding shares.
Price Impact
More from DAIO