Page 3
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): November 14, 2001
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.)
10525 Willows Road N.E., Redmond, WA 98073-9746
(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 4 Pages
Index to Exhibits on Page 3
Item 4. Changes in Registrant's Certifying Accountants
The Board of Directors, based on a recommendation from its audit committee,
approved an action on November 14, 2001 for the dismissal of Ernst & Young LLP
as its independent auditors. The audit committee and the board of directors have
approved another independent public accounting firm, subject to such firm's
normal client acceptance processes and procedures, and the Company will file a
Form 8-K/A upon completion of this process.
The reports of Ernst & Young LLP on the Company's financial statements for the
past two fiscal years did not contain an adverse opinion or a disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope, or
accounting principles, except that the Independent Auditors' Report on the
consolidated financial statements of Data I/O Corporation for the fiscal year
ended December 28, 2000 contained an explanatory paragraph regarding the
Company's change in its method of accounting for revenue recognition.
In connection with the audits of the Company's financial statements for each of
the two fiscal years ended December 28, 2000 and December 30, 1999, and in the
subsequent interim period, there were no disagreements with Ernst & Young LLP on
any matters of accounting principles or practices, financial statement
disclosure, or auditing scope and procedures which, if not resolved to the
satisfaction of Ernst & Young LLP would have caused Ernst & Young LLP to make
reference to the matter in their report. The Company has requested Ernst & Young
LLP to furnish it a letter addressed to the Commission stating whether it agrees
with the above statements. A copy of that letter, dated November 16, 2001 is
filed as Exhibit 16 to this Form 8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
16. Letter of Ernst & Young LLP to the Commission
SIGNATURES
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
November 16, 2001 By /s/ Joel S. Hatlen
Its Vice President/CFO/Secretary/Treasurer
Data I/O Corporation
Form 8-K Report
Index to Exhibits
Exhibit
Number Exhibit
16 Letter of Ernst & Young LLP to the Commission, dated November 16, 2001
EXHIBIT 16 TO FORM 8-K
November 16, 2001
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated November 19, 2001, of Data I/O Corporation
and are in agreement with the statements contained in the second and third
paragraphs on page 2 therein. We have no basis to agree or disagree with other
statements of the registrant contained therein.
/s/ Ernst & Young LLP