On February 23, 2022, Mark Gallenberger notified the Board of Directors that he will not seek election for another term on the Board of Directors at the Annual Meeting on May 19, 2022. His decision was not the result of any disagreement with Data I/O or its management. On February 23, 2022, the Board of Directors of Data I/O Corporation appointed Edward J. Smith to the Board effective on that date.

He was named to the Audit Committee, Compensation Committee, and Corporate Governance & Nominating Committee of the Board. As of February 23, 2022, Cheemin Bo-Linn will no longer be a member of the Audit Committee. Mr. Smith is a globally recognized leader in the electronics and semiconductor distribution industries.

As CEO of SMTC since 2017 when it was publicly traded on Nasdaq, he led the company through 3 years of growth including a series of acquisitions until being acquired by an affiliate of H.I.G. Capital in 2021.