DATA I/O CORP — Regulatory Filings 2012

Sep 20, 2012

8-K 1 f8k_092012.htm f8k_092012.htm - Generated by SEC Publisher for SEC Filing

UNITED STATES
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: September 18, 2012
(Date of earliest event reported)
Data I/O Corporation
(Exact name of registrant as specified in its charter)
Commission File Number: 0-10394
_______

Washington	91-0864123
(State or other jurisdiction of incorporation)	(IRS Employer Identification No.)

6464 185th Ave. N.E., Suite 101 Redmond, WA 98052
(Address of principal executive offices, including zip code)
(425) 881-6444
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Items reported in this filing:

Item 8.01 Other Events

Item 8.01 Other Events

Data I/O took restructuring actions this week to reduce quarterly operating expenses and production costs by approximately $300,000. These actions include reductions in personnel and the use of contractors, professionals, and consultants, as well as focusing our development efforts on a smaller number of projects during the current economic downturn.

The restructuring charge associated with these actions is expected to be approximately $185,000 and is primarily related to severance. The restructuring charge will be incurred in the third quarter and paid out during the fourth quarter of 2012.

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
September 20, 2012	By: /s/ Joel S. Hatlen Joel S. Hatlen Vice President Chief Financial Officer