On November 27, 2023, Digi International Inc. and Radha Chavali, Senior Vice President and Chief Information Officer, mutually agreed to end her employment no later than January 5, 2024. In connection with Ms. Chavali?s departure, Digi has entered into a transition and separation agreement with her?effective as of November 30, 2023. The agreement?provides Ms. Chavali with six months of her base salary, less all authorized withholdings; eligibility for three months of continued employer contributions toward?Digi?s group health plans; and a pro rata bonus for the fiscal year ending September 30, 2024 based on the time she is employed with us?during fiscal 2024, in each case conditioned upon her compliance with the terms and conditions of this agreement.
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- Digi International Inc. Announces Resignation of Radha Chavali as Senior Vice President and Chief Information Officer, Effective January 5, 2024