-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ae3CnI6LSud/qQg57rnDKATw37P5GBAeHLfR3TrjttpP7FAmtZ6aWc4WEKH8bfRF OvIOyCX79fsKGe6qLDDh7A== 0000351998-10-000004.txt : 20100201 0000351998-10-000004.hdr.sgml : 20100201 20100201110946 ACCESSION NUMBER: 0000351998-10-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100127 ITEM INFORMATION: Other Events FILED AS OF DATE: 20100201 DATE AS OF CHANGE: 20100201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DATA I/O CORP CENTRAL INDEX KEY: 0000351998 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 910864123 STATE OF INCORPORATION: WA FISCAL YEAR END: 1210 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10394 FILM NUMBER: 10562218 BUSINESS ADDRESS: STREET 1: 6464 185TH AVE NE, SUITE 101 CITY: REDMOND STATE: WA ZIP: 98052 BUSINESS PHONE: 4258676922 MAIL ADDRESS: STREET 1: 6464 185TH AVE NE, SUITE 101 CITY: REDMOND STATE: WA ZIP: 98052 8-K 1 f8k012710.htm

SECURITIES AND EXCHANGE COMMISSION

 

WASHINGTON, D.C. 20549

 

________________________

 

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): January 27, 2010

 

                Data I/O Corporation

(Exact name of registrant as specified in its charter)

 

                Washington

(State of other jurisdiction of incorporation)

 

                0-10394                        91-0864123

(Commission File Number)   (IRS Employer Identification No.)

 

         

6464 185th Avenue N.E., Suite 101, Redmond, WA

98052
                                                                                                                  (Address of principal executive offices)         (Zip Code)

 

Registrant’s telephone number, including area code: (425) 881-6444

 

                Not Applicable

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

 

Page 1 of 2 Pages

 

Item 8.01 Other Events

 

DATA I/O CORPORATION ANNOUNCES STOCK REPURCHASE PROGRAM

 

Redmond, Washington – Data I/O Corporation (“Data I/O”) (Nasdaq: DAIO) announced today that on January 27, 2010 its board of directors has authorized a stock repurchase program of up to 1 million shares of common stock.

The shares will be purchased in the open market, by block purchases or in private transactions, based on prevailing market conditions and price limits, and the stock repurchase program is authorized for the year 2010. The program may be suspended or discontinued at any time. The company had approximately 8.9 million shares of common stock outstanding as of January 29, 2010. The shares repurchased will be available for re-issuance to satisfy employee stock plans and for other corporate purposes. The board also approved entering into a Rule 10b5-1 trading plan, which allows the company to repurchase the company’s common stock in the open market during periods in which stock trading is otherwise closed for the company. The discretionary repurchase provisions and the 10b5-1 provisions of the program are expected to be effective starting March 3, 2010.

 

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

 

 

January 29, 2010

By _/s/Joel S. Hatlen_________

 

Joel S. Hatlen

 

Vice President - Finance

 

Chief Financial Officer

 

Secretary and Treasurer

 

 

 

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