Data I/O Announces Open Market Purchases of Company Stock by Board Members and Senior Management
Insider Stock Purchases: Data I/O Corporation announced that several insiders, including board members and senior management, have made open-market purchases of the company's common stock, reflecting their confidence in the company's long-term strategic goals and growth potential.
Company Overview: Established in 1972, Data I/O provides advanced security and data deployment solutions for various electronic devices, enabling customers to manage device intellectual property effectively from inception to deployment.
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Data I/O Appoints Edward Smith as Board Chair and Steven Waszak as Independent Director
- Board Leadership Change: Edward Smith has been appointed as Chair of Data I/O's Board, aimed at strengthening leadership to support market expansion and enhance corporate governance.
- Independent Director Addition: Steven Waszak will join the Board effective December 3, 2025, increasing the number of independent directors to five, further enhancing the Board's independence and expertise.
- Board Size Expansion: The appointments increase the Board's size from five to six members, reflecting the company's commitment to a diverse leadership team to drive strategic growth.
- Rich Industry Experience: Both new Chair Smith and Independent Director Waszak bring over 25 years of industry experience, which is expected to significantly support the company's organic and inorganic growth strategies.
Data I/O to Take Part in The Benchmark Company's 14th Annual Discovery One-on-One Investor Conference
Data I/O Conference Participation: Data I/O Corporation will participate in The Benchmark Company's 14th Annual Discovery One-on-One Investor Conference on December 4, 2025, in New York City, where CEO William Wentworth will discuss the company's investment strategies and recent growth.
Recent Growth and Innovations: The company has experienced year-over-year bookings growth, particularly in the automotive electronics market, and has received awards for its LumenX programming platform, highlighting its commitment to innovation and market expansion.
Financial Strength: Data I/O boasts a strong balance sheet with significant cash reserves and no debt, which supports its growth strategies and positions the company favorably in the market.
Forward-Looking Statements: The company has issued forward-looking statements regarding its financial outlook and potential risks, including supply chain uncertainties and the impact of geopolitical conditions on its operations.