Data I/O Corporation’s Board of Directors, with officer agreement, made changes in Director and Officer compensation in response to the impact on our business, customers and industry resulting from the novel coronavirus or COVID-19 worldwide.

Director cash compensation has been reduced by 20% for six months and the remaining 80% deferred for six months starting in April.

Executive Officer base salary compensation has been reduced by 20% for six months starting in April. Other compensation elements will be unaffected by this change.

About Data I/O Corporation (NASDAQ:DAIO)

Data I/O Corporation provides programming and associated intellectual property management solutions. The Company’s solutions are used in the manufacturing of flash, microcontrollers and flash-memory-based intelligent devices. It designs, manufactures and sells programming systems used by designers and manufacturers of electronic products. Its solutions, including associated intellectual property management, secure content management and process control capabilities, enable it to address the requirements of the electronic device market. It provides services related to hardware support, system installation and repair, and device programming. Its programming solutions include a range of products, systems, modules and accessories, grouped into over two categories, such as automated programming systems and manual programming systems. Its products include PSV Handlers, RoadRunner and RoadRunner3 Series Handlers, LumenX Programmer, FlashPAK III programmer and Sprint/Unifamily programmers.