Data I/O Announces Michael Tidwell as Vice President of Marketing and Business Development
April 30 2019 - 8:49PM
Business Wire
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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version on businesswire.com: https://www.businesswire.com/news/home/20190430006319/en/
Data I/O CorporationJennifer HigginsMarketing and Communications
Manager425-867-6922higginj@dataio.com
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