Data I/O Corporation (NASDAQ: DAIO), a leading global provider of
advanced data programming and security provisioning solutions for
flash-memory, flash based microcontrollers, secure elements and
authentication ICs announced that Michael Tidwell will be joining the
company as Vice President of Marketing and Business Development. Michael
brings a wealth of experience in Software, Security and Product
Management. Michael was previously head of Marketing and Business
Development at Sansa Security, a leading SW security IP provider that
was sold to ARM Holdings. Michael was also head of product marketing at
the ARM IoT Services Group. Prior to Sansa, Michael was Vice President
of Business and Market Development at BSQUARE Corporation. Michael is a
Summa Cum Laude graduate of Georgia Tech with a degree in electrical
engineering. He completed a MSEE at the University of Washington.
“We are thrilled to have Michael join Data I/O,” said Anthony Ambrose,
President and CEO of Data I/O Corporation. “As the market for IoT
devices grows rapidly, security is cited as the #1 barrier to adoption.
The Data I/O SentriX® platform creates a trusted foundation in hardware,
solving this critical need for customers of all sizes. Michael’s
combination of security expertise, industry relationships, and business
development experience will build upon a very strong foundation and
accelerate global adoption of the SentriX security provisioning
platform.”
“I am excited to join Data I/O at this exciting time in the company’s
history,” said Michael Tidwell, Vice President, Data I/O Corporation.
“SentriX is the platform of choice for semiconductor manufacturers and
their distribution partners, Certificate Authorities, solution providers
and programming centers to ignite the IoT market for true hardware based
security.”
NASDAQ Required Equity Disclosure
Pursuant to NASDAQ rules, the initial equity compensation for Michael
Tidwell was approved by the Compensation Committee, consisting of only
independent directors. They approved an option and restricted stock
grant which were to be made as employment inducement grants included in
his offer letter and consisted as follows: an inducement grant of 25,000
Non-Qualified Stock Options vesting quarterly over 4 years with a six
year life, with an May 1, 2019 grant date, and a Fair Market Value
option price (the average of the high and low price for the day); an
inducement grant of 50,000 Restricted Stock Units vesting annually over
4 years; and a signing grant of 7,500 Restricted Stock Units vesting
quarterly over 1 year. The equity grants are made under or pursuant to
the terms of the Data I/O Corporation 2000 Stock Incentive Compensation
Plan.
About Data I/O Corporation
Since 1972 Data I/O has developed innovative solutions to enable the
design and manufacture of electronic products for automotive,
Internet-of-Things, medical, wireless, consumer electronics, industrial
controls and other markets. Today, our customers use Data I/O security
provisioning and programming solutions to reliably, securely, and
cost-effectively bring innovative new products to life. These solutions
are backed by a global network of Data I/O support and service
professionals, assuring success for our customers. For more information,
please visit www.dataio.com
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