<SEC-DOCUMENT>0001341004-19-000042.txt : 20190122
<SEC-HEADER>0001341004-19-000042.hdr.sgml : 20190122
<ACCEPTANCE-DATETIME>20190122160526
ACCESSION NUMBER:		0001341004-19-000042
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190121
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190122
DATE AS OF CHANGE:		20190122

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ITRON INC /WA/
		CENTRAL INDEX KEY:			0000780571
		STANDARD INDUSTRIAL CLASSIFICATION:	INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
		IRS NUMBER:				911011792
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22418
		FILM NUMBER:		19535433

	BUSINESS ADDRESS:	
		STREET 1:		2111 N MOLTER ROAD
		CITY:			LIBERTY LAKE
		STATE:			WA
		ZIP:			99019
		BUSINESS PHONE:		5099249900

	MAIL ADDRESS:	
		STREET 1:		2111 N MOLTER ROAD
		CITY:			LIBERTY LAKE
		STATE:			WA
		ZIP:			99019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITRON INC
		DATE OF NAME CHANGE:	19920724
</SEC-HEADER>
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<TYPE>8-K
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<FILENAME>form8-k.htm
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  <div style="text-align: center; margin-top: 6pt; margin-bottom: 18pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">UNITED STATES<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
    </font>SECURITIES AND EXCHANGE COMMISSION<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
    </font>Washington, D.C. 20549</div>
  <div style="text-align: center;">____________________________<br>
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  <div style="text-align: center; margin-top: 20pt; margin-bottom: 20pt;"><font style="font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">FORM 8-K</font></div>
  <div style="text-align: center; margin-top: 6pt; margin-bottom: 18pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">CURRENT REPORT<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
      </font>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
  <div style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">January 21, 2019</font><font style="font-family: 'Times New Roman', serif; font-size: 9pt;"><br>
      </font>Date of Report (Date of Earliest Event Reported)</font></div>
  <div style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 9pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">ITRON, INC.</font><font style="font-family: 'Times New Roman', serif; font-size: 9pt;"><br>
      </font>(Exact Name of Registrant as Specified in its Charter)</font></div>
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            <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">000-22418</font></div>
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            <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">91-1011792</font></div>
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          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 9pt;">(State or Other Jurisdiction<font style="font-family: 'Times New Roman', serif; font-size: 9pt;"><br>
              </font>of Incorporation)</font></div>
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          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 9pt;">(Commission File No.)</font></div>
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          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 9pt;">(IRS Employer<font style="font-family: 'Times New Roman', serif; font-size: 9pt;"><br>
              </font>Identification No.)</font></div>
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          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">2111 N. Molter Road, Liberty Lake, WA&#160;&#160;99019</font></div>
        </td>
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        <td style="width: 100%; vertical-align: top; border-top: 0.5pt solid rgb(0, 0, 0);">
          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 9pt;">(Address of Principal Executive Offices, Zip Code)</font></div>
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          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">(509) 924-9900</font></div>
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          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 9pt;">(Registrant's Telephone Number, Including Area Code)</font></div>
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        <td style="border-top: 0.5pt none #000000; vertical-align: top; width: 100%;">&#160;</td>
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          <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 9pt;">(Former Name or Former Address, if Changed Since Last Report)</font></div>
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  <div style="text-align: left; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">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:</font></div>
  <div style="text-align: left; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#9744; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
  <div style="text-align: left; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#9744; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
  <div style="text-align: left; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#9744; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
  <div style="text-align: left; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">&#9744; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
  <div style="text-align: left; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the
      Securities Act of 1933 (17 CFR &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &#167;240.12b-2).</font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z85acf50f2cc742fbb324b991a929049e" cellpadding="0" cellspacing="0">

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          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Emerging growth company</font></div>
        </td>
        <td style="width: 5.2%; vertical-align: top;">&#160;&#9744;</td>
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        <td style="width: 94.8%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
              any new or revised &#64257;nancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.</font></div>
        </td>
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            <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Item 5.02</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></div>
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  <div style="text-align: left; text-indent: 36pt; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">On January 22, 2019, Itron, Inc., a Washington corporation (the &#8220;<font style="font-family:
        'Times New Roman', serif; font-size: 10pt;"><u>Company</u></font>&#8221;), announced that Philip C. Mezey has informed the Company of his intention to retire as the Company&#8217;s President and Chief Executive Officer and a member of the Company&#8217;s board of
      directors (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Board</u></font>&#8221;).&#160; In order to ensure an orderly transition, the Company and Mr. Mezey have entered into a Transition and Retirement Agreement, dated as of
      January 21, 2019 (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Transition Agreement</u></font>&#8221;), pursuant to which the Company and Mr. Mezey have mutually agreed that Mr. Mezey will continue to serve as the Company&#8217;s
      President and Chief Executive Officer and a member of the Board until August 31, 2019, unless a new Chief Executive Officer is appointed earlier (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Transition Period</u></font>&#8221;).&#160;



      Mr. Mezey&#8217;s separation is not due to any disagreement related to the Company&#8217;s operations, policies or practices, financial status or financial statements.</font></div>
  <div style="text-align: left; text-indent: 36pt; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The Board has commenced a search process to identify the Company&#8217;s next Chief Executive
      Officer, and will evaluate both internal and external candidates.&#160; The process is being led by a newly formed CEO Search Committee of the Board, composed of independent directors, with the assistance of a nationally recognized executive search firm.</font></div>
  <div style="text-align: left; text-indent: 36pt; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The Transition Agreement provides that Mr. Mezey will continue to receive the same base salary
      and benefits that he received immediately before entering into the Transition Agreement and will continue to vest in his outstanding equity awards in accordance with their existing terms.&#160; In addition, the Transition Agreement provides that if Mr.
      Mezey remains in employment through the expiration of the Transition Period, executes a release of claims in favor of the Company and continues to comply with certain restrictive covenants, then he will be eligible to receive a pro-rated annual cash
      bonus for the year of termination, will continue to vest in his outstanding equity awards and will be eligible to exercise his vested stock options for up to three years following his termination.</font></div>
  <div style="text-align: left; text-indent: 36pt; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The Transition Agreement further provides that during the period beginning upon the expiration
      of the Transition Period and ending on December 31, 2019 (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 10pt;"><u>Consulting Period</u></font>&#8221;), Mr, Mezey will serve as a non-employee consultant to the Company with the title of
      Senior Advisor for a monthly consulting fee of $130,000. During the Consulting Period, Mr. Mezey will transition all duties and responsibilities to the new Chief Executive Officer, provide such assistance as may be requested by the new Chief
      Executive Officer, and perform any other duties or responsibilities as reasonably requested by the Board.</font></div>
  <div style="text-align: left; text-indent: 36pt; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">The foregoing summary of the Transition Agreement does not purport to be complete and is
      qualified in its entirety by reference to the Transition Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.</font></div>
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            <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Item 7.01</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Regulation FD Disclosure.</font></div>
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  <div style="text-align: left; text-indent: 36pt; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">On January 22, 2019, the Company issued a press release announcing the foregoing leadership
      succession process, a copy of which is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.</font></div>
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            <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Item 9.01</font></td>
            <td style="width: auto; vertical-align: top; text-align: left;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Financial Statements and Exhibits.</font></div>
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  <div style="text-align: left; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">(d)&#160;&#160;Exhibits.</font></div>
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          <div style="text-align: center;"><font style="font-family: &quot;Times New Roman&quot;,serif; font-size: 10pt; font-weight: bold;">Exhibit Number</font></div>
        </td>
        <td style="width: 1%; vertical-align: top;">&#160;</td>
        <td style="width: 91%; vertical-align: bottom; border-bottom: 0.5pt solid rgb(0, 0, 0);">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">Description</font></div>
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          <div style="text-align: center;"><a href="ex10-1.htm"><font style="font-family: &quot;Times New Roman&quot;,serif; font-size: 10pt;">10.1</font></a></div>
        </td>
        <td style="width: 1%; vertical-align: top;">&#160;</td>
        <td style="width: 91%; vertical-align: top; border-top: 0.5pt solid rgb(0, 0, 0);">
          <div style="text-align: left;"><a href="ex10-1.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Transition and Retirement Agreement, dated as of January 21, 2019, by and between Itron,
                Inc. and Philip C. Mezey</font></a></div>
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          <div style="text-align: center;"><a href="ex99-1.htm"><font style="font-family: &quot;Times New Roman&quot;,serif; font-size: 10pt;">99.1</font></a></div>
        </td>
        <td style="width: 1%; vertical-align: top;">&#160;</td>
        <td style="width: 91%; vertical-align: top;">
          <div style="text-align: left;"><a href="ex99-1.htm"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Press Release, dated January 22, 2019</font></a></div>
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  <div style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt; font-weight: bold;">SIGNATURE</font></div>
  <div style="text-align: left; text-indent: 36pt; margin-top: 10pt; margin-bottom: 10pt;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
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        <td style="width: 50%; vertical-align: top;">&#160;</td>
        <td colspan="2" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">ITRON, INC.</font></div>
        </td>
        <td style="width: 15%; vertical-align: top;">&#160;</td>
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        <td style="width: 50%; vertical-align: top;">&#160;</td>
        <td style="width: 5%; vertical-align: top;">&#160;</td>
        <td style="width: 30%; vertical-align: top;">&#160;</td>
        <td style="width: 15%; vertical-align: top;">&#160;</td>
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        <td style="width: 50%; vertical-align: top;">&#160;</td>
        <td style="width: 5%; vertical-align: top;">&#160;</td>
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        <td style="width: 15%; vertical-align: top;">&#160;</td>
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          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Dated: January 22, 2019</font></div>
        </td>
        <td style="width: 5%; vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">By:&#160;&#160; <br>
            </font></div>
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        <td style="width: 30%; vertical-align: top; border-bottom: 0.5pt solid rgb(0, 0, 0);">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">/s/ Sarah Hlavinka</font></div>
        </td>
        <td style="width: 15%; vertical-align: top;">&#160;</td>
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        <td style="width: 50%; vertical-align: top;">&#160;</td>
        <td colspan="2" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Sarah Hlavinka</font></div>
        </td>
        <td style="width: 15%; vertical-align: top;">&#160;</td>
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        <td style="width: 50%; vertical-align: top;">&#160;</td>
        <td colspan="2" style="vertical-align: top;">
          <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 10pt;">Senior Vice President, General Counsel and Corporate Secretary</font></div>
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<TYPE>EX-10.1
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<FILENAME>ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1 - TRANSITION AND RETIREMENT AGREEMENT
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      <div style="text-align: right;"><font style="font-weight: bold; font-size: 12pt;">EXHIBIT 10.1</font><br>
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    <div style="text-align: center; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TRANSITION AND RETIREMENT AGREEMENT</div>
    <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">THIS TRANSITION AND RETIREMENT AGREEMENT (this &#8220;<font style="font-family: 'Times New
          Roman', serif; font-size: 12pt;"><u>Agreement</u></font>&#8221;) is entered into on January 21, 2019 (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Effective Date</u></font>&#8221;), by and between Itron, Inc., a Washington
        corporation (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Company</u></font>&#8221;), and Philip C. Mezey (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Executive</u></font>&#8221;).&#160; The Company and
        Executive may be referred to herein individually as a &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Party</u></font>&#8221; and collectively as the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Parties</u></font>.&#8221;</font></div>
    <div style="text-align: center; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">WITNESSETH:</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">WHEREAS</font>,
        the Executive advised the Company of his intention to retire as the President and Chief Executive Officer of the Company, and the&#160; Company and Executive have mutually agreed that Executive will do so on the basis provided in this Agreement;</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">WHEREAS</font>,
        the Company intends to engage in a formal search process in order to select a new individual to serve in the role of Chief Executive Officer of the Company (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>New CEO</u></font>&#8221;);</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">WHEREAS</font>,
        in order to ensure a smooth transition of the Chief Executive Officer role from Executive to the New CEO, the Company and Executive have mutually agreed that Executive will continue to provide services to the Company in accordance with the terms
        and conditions of this Agreement during the period commencing on the Effective Date and ending on the earlier of (i) December 31, 2019 or (ii) the termination of Executive&#8217;s service in accordance with this Agreement; and</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">WHEREAS</font>,
        the Company will provide Executive with the payments and benefits set forth in this Agreement as consideration for his ongoing service to the Company following the Effective Date.</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">NOW,

          THEREFORE</font>, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Transitional Service as President and Chief Executive Officer</u></font>.</font></div>
    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">Except as otherwise set forth in Section 2 of this Agreement, during the period commencing on the Effective Date and ending on the earlier of (i) the date on which the New CEO commences service as the Chief
        Executive Officer of the Company and (ii)&#160;August 31, 2019 (as applicable, the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Transition Period</u></font>&#8221;), Executive will continue to (A)&#160;serve as the President and Chief
        Executive Officer of the Company; (B) receive the same annualized base salary as he received immediately prior to the Effective Date; (C) vest in his outstanding equity awards relating to the common stock of the Company in accordance with the terms
        thereof; and (D) be eligible to participate in the same Company health, welfare, retirement and other employee benefit plans and programs in which he was eligible to participate immediately prior to the Effective Date in accordance with the terms
        thereof as in effect from time to time.</font></div>
    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">Notwithstanding anything set forth in Section 1(a) to the contrary and except as otherwise set forth in Section 2 of this Agreement:</font></div>
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    <div style="text-align: justify; text-indent: 144pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">if the New CEO commences service as the Chief Executive Officer of the Company prior to August 31, 2019, Executive shall remain employed as a non-executive officer employee of the Company through August 31, 2019,
        the Transition Period shall be deemed to continue through August 31, 2019 and during such employment Executive shall (A) transition all duties and responsibilities to the New CEO; (B) provide assistance as may be requested by the New CEO; and (C)
        perform any duties or responsibilities as reasonably requested by the Board of Directors of the Company (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Board</u></font>&#8221;) (the &#8220;<font style="font-family: 'Times New
          Roman', serif; font-size: 12pt;"><u>Post-CEO Services</u></font>&#8221;); and</font></div>
    <div style="text-align: justify; text-indent: 144pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">if the New CEO has not commenced service as the Chief Executive Officer of the Company as of August 31, 2019, the Company may extend the Transition Period until the earlier of (A) the date on which the New CEO
        commences service as the Chief Executive Officer of the Company and (B) December 31, 2019.</font></div>
    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">In each case, Executive shall be eligible to receive the same compensation and benefits as are set forth in
        clauses (B), (C) and (D) of Section 1(a) during the applicable period of employment set forth in this Section 1(b).</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Termination of Employment</u></font>.</font></div>
    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">Executive&#8217;s employment with the Company, including his role as the President and Chief Executive Officer of the Company, and the compensation and benefits set forth in Section 1, will terminate upon the earliest to
        occur of (i) the expiration of the Transition Period, (ii) the termination of Executive&#8217;s employment by the Company for Cause (as defined below), (iii) the date that is thirty (30) days following the date on which Executive provides the Company
        with written notice of his voluntary termination of employment or (iv) the date of Executive&#8217;s death (as applicable, the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Date of Termination</u></font>&#8221;).</font></div>
    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">Executive hereby resigns all positions he has held as an officer and director of the Company and its subsidiaries and affiliates (collectively, the &#8220;<font style="font-family: 'Times New Roman', serif; font-size:
          12pt;"><u>Affiliated Group</u></font>&#8221;) effective as of the Date of Termination, and will promptly execute such documents and take such actions as may be requested by the Company to further effectuate or memorialize the resignation from such
        positions. Notwithstanding the foregoing, Executive hereby resigns as a member of the Board effective as of the date on which he is no longer serving as President and Chief Executive Officer of the Company.</font></div>
    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">For purposes of this Agreement, &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Cause</u></font>&#8221; means (i) the willful and continued failure by Executive (other than any such failure
        resulting from (A) Executive&#8217;s incapacity due to physical or mental illness or (B) the Company&#8217;s active or passive obstruction of the performance of the Executive&#8217;s duties and responsibilities) to perform substantially the duties and
        responsibilities of Executive&#8217;s position with the Company after a written demand for substantial performance is delivered to the Executive by the Board, which demand specifically identifies the manner in which the Board believes that Executive has
        not substantially performed such duties or responsibilities; (ii) the conviction of Executive by a court of competent jurisdiction for felony criminal conduct; or (iii) the willful engaging by Executive in fraud or dishonesty which is demonstrably
        and materially injurious to the Company or its reputation, monetarily or otherwise. No act, or failure to act, on Executive&#8217;s part shall be deemed &#8220;willful&#8221;</font></div>
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    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">unless committed, or omitted by Executive in bad faith and without reasonable belief that Executive&#8217;s act or
        failure to act was in, or not opposed to, the best interest of the Company.&#160; Notwithstanding the foregoing, prior to termination of Executive for Cause pursuant to Section 2(c)(i), the Company shall (1) send written notice to the Executive which
        sets forth in reasonable detail the facts and circumstances claimed to provide a basis for the termination for Cause, and (2) provide Executive with ten (10) days from the delivery of such notice to cure the alleged basis for the Cause termination,
        to the extent curable.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Termination Benefits</u></font>.</font></div>
    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">Upon Executive&#8217;s termination of employment with the Company for any reason, Executive shall be eligible to receive (i) his earned but unpaid base salary through the Date of Termination in accordance with the
        Company&#8217;s normal payroll practices; (ii)&#160;his accrued but unpaid vacation pay in accordance with the Company&#8217;s normal payment practices; (iii) any business expenses incurred by Executive prior to the Date of Termination in compliance with the
        policies and procedures of the Company; and (iv) his vested deferred compensation balance under the Company&#8217;s Executive Deferred Compensation Plan (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>EDCP</u></font>&#8221;),
        subject to the terms and conditions of the EDCP, including any required six (6) month delay pursuant to Section 409A of the Internal Revenue Code of 1986, as amended.</font></div>
    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">If Executive (i) remains employed by the Company through the expiration of the Transition Period, (ii) timely executes and does not revoke the Release of Claims set forth on <font style="font-family: 'Times New
          Roman', serif; font-size: 12pt;"><u>Exhibit A</u></font> hereto after the Date of Termination and (iii)&#160;continues to comply with all Restrictive Covenants (as defined below), then the Company will provide Executive with the following:</font></div>
    <div style="text-align: justify; text-indent: 144pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(A)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">A pro-rated annual cash bonus payment for 2019 under the terms and conditions of the Company&#8217;s Executive Management Incentive Plan (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>EMIP</u></font>&#8221;)

        in an amount equal to the product of (A) the amount that would have been payable to Executive based on actual performance had he remained employed for the entirety of the 2019 calendar year and (B) a fraction, the numerator of which is the number
        of days elapsed in 2019 through the expiration of the Transition Period and the denominator of which is 365, payable at the same time as bonuses are paid under the EMIP to continuing employees generally;</font></div>
    <div style="text-align: justify; text-indent: 144pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(B)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">Continued vesting of the equity awards set forth on <font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Exhibit B</u></font> hereto in accordance with the terms and conditions that apply to
        the applicable awards under the respective award agreements governing such equity awards upon a termination of employment resulting from Executive&#8217;s &#8220;Retirement&#8221; (as defined in the applicable award agreement) occurring upon the expiration of the
        Transition Period; and</font></div>
    <div style="text-align: justify; text-indent: 144pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(C)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">The ability to exercise any stock options relating to shares of the Company&#8217;s common stock granted to Executive that are outstanding and vested as of the Date of Termination until the earlier of (x) three (3) years
        following the Date of Termination and (y) the scheduled expiration date of the applicable stock option.</font></div>
    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">Any amounts payable pursuant to this Agreement shall be subject to all applicable withholding for taxes.</font></div>
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    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;">Neither a Change in Control, as defined by any agreement in effect between the Company and Executive, nor any other transaction undertaken by the Company prior to December 31, 2019 shall affect Executive&#8217;s rights
        under this Agreement.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Consulting Services</u></font>. If Executive remains employed through the expiration of the Transition Period, then during the period, if
        any, beginning upon the expiration of the Transition Period and ending on the earliest of (i)&#160;December 31, 2019, (ii) the termination of Executive&#8217;s service by the Company for Cause, (iii) the date that is thirty (30) days following the date on
        which Executive provides the Company with written notice of his voluntary termination of service or (iv) the date of Executive&#8217;s death (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Consulting Period</u></font>&#8221;),
        Executive shall (A) serve as a non-employee consultant to the Company with the title of &#8220;Senior Advisor&#8221; providing the Post-CEO Services and (B) receive a monthly cash consulting fee of $130,000 in respect of the Post-CEO Services (pro-rated for
        any partial month) in addition to all other compensation and benefits payable to Executive in accordance with this Agreement, payable within 10 days after the end of each month.&#160; Notwithstanding the foregoing, (x) it is currently expected that
        Executive will not be required to provide full-time services in respect of the Post-CEO Services during the Consulting Period and (y) unless it is necessary to complete the performance of the Post-CEO Services, Executive shall not be required to be
        present in the office during the Consulting Period.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Statements to the Company and to the Media</u></font>.&#160; Within two business days of Executive&#8217;s execution and delivery of this Agreement
        to the Company, the Company may release, internally and to external media outlets, the press release attached hereto as Exhibit C.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Return of Property</u></font>.&#160; Executive shall promptly return the following to the Company after the Date of Termination: (i) all
        records, files, memoranda, correspondence, notebooks, notes, reports, customer lists, drawings, plans and other documents and the like relating to the business of the Affiliated Group or containing any trade secrets relating to the Affiliated Group
        or that Executive uses, prepares or comes into contact with during the course of his employment with the Affiliated Group, and (ii) all materials or equipment supplied by the Company, including but not limited to keys, credit cards, passes,
        identification badges, laptop or other computer equipment and mobile devices, and such materials and equipment shall remain the sole property of the Affiliated Group.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Restrictive Covenants</u></font>.&#160; Executive acknowledges and agrees that, as a condition to receiving the payments and benefits set forth
        in Section 3(b) hereof, he will comply with the restrictive covenants set forth in this Section 7 (collectively, the &#8220;Restrictive Covenants&#8221;), which shall supersede in their entirety the restrictive covenants in effect between Executive and the
        Company under Executive&#8217;s applicable Stock Option Agreement, Restrictive Stock Unit Award Agreement, and Performance Restricted Stock Unit Agreement.</font></div>
    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Confidential Information</u></font>. Executive shall hold in a fiduciary capacity for the benefit of the Affiliated Group, all secret or
        confidential information, knowledge or data relating to the Affiliated Group and its businesses (including, without limitation, any proprietary and not publicly available information concerning any processes, methods, trade secrets, research or
        secret data, costs, names of users or purchasers of their respective products or</font></div>
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    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">services, business methods, operating procedures or programs or methods of promotion and sale) that Executive
        obtains during his employment that is not public knowledge (other than as a result of Executive&#8217;s violation of this subsection (a)) (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Confidential Information</u></font>&#8221;).&#160;
        Executive shall not communicate, divulge or disseminate Confidential Information at any time during or after Executive&#8217;s employment, except with the prior written consent of the Company, or as otherwise required by law or legal process, or as may
        be required in the course of Executive performing his duties and responsibilities with the Affiliated Group; <font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>provided</u></font>, <font style="font-family: 'Times New
          Roman', serif; font-size: 12pt;"><u>however</u></font>, that no Company policies or practices, including the sections addressing confidentiality obligations, are intended to or shall limit, prevent, impede or interfere in any way with an
        employee&#8217;s right, without prior notice to the Company, to provide information to the government, participate in investigations, testify in proceedings regarding the Company&#8217;s past or future conduct, or engage in any activities protected under
        whistle blower statutes. Pursuant to the Defend Trade Secrets Act of 2016, an employee shall not be held criminally, or civilly, liable under any Federal or State Trade secret law for the disclosure of a trade secret that is made in confidence
        either directly or indirectly to a Federal, State, or local government official, or an attorney, for the sole purpose of reporting, or investigating, a violation of law.&#160; Moreover, employees may disclose trade secrets in a complaint, or other
        document, filed in a lawsuit, or other proceeding, if such filing is made under seal.&#160; Finally, an employee who files a lawsuit alleging retaliation by the Company for reporting a suspected violation of the law may disclose the trade secret to the
        attorney of the employee and use the trade secret in the court proceeding, if the employee files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order.</font></div>
    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Non-Recruitment of Affiliated Group Employees</u></font>. Executive acknowledges that employees are a significant part of the goodwill of the
        Affiliated Group, such as, without limitation, their relationships and contacts with customers and suppliers as well as the training and knowledge they receive from the Affiliated Group in the course of their employment. Executive shall not, at any
        time during the Non-solicitation Period (as defined below), without the prior written consent of the Company, directly or indirectly, solicit, recruit, or employ (whether as an employee, officer, agent, consultant or independent contractor) any
        person who is or was at any time during the previous twelve (12) months, an employee, representative, officer or director of any member of the Affiliated Group. Further, during the Non-solicitation Period, Executive shall not take any action that
        could reasonably be expected to have the effect of directly encouraging or inducing any person to cease their relationship with any member of the Affiliated Group for any reason. A general employment advertisement by an entity of which Executive is
        a part will not constitute solicitation or recruitment. The &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Non-solicitation Period</u></font>&#8221; shall mean the period from the Date of Termination through the first
        anniversary of the Date of Termination.</font></div>
    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Non-Solicitation of Customers</u></font>.&#160; Executive recognizes and agrees that the Affiliated Group has provided Confidential Information to
        Executive and has an interest in protecting this information from disclosure. Executive further understands that the goodwill of the Affiliated Group is an interest worthy of protection. For the protection of these and other interests, during the
        Non-solicitation Period, Executive shall not, either directly or indirectly, use Confidential Information or trade secrets to solicit, induce, encourage, or attempt to do any of the foregoing with respect to any (A) any customer, client or business
        partner&#160; of any member of the Affiliated Group (collectively, &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Customer</u></font>&#8221;), or (B) any person or entity who is or was a</font></div>
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    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Customer at any time during the twelve (12) months before the Date of Termination Further, during the
        Non-solicitation Period, Executive shall not, directly or indirectly, take any action that has, or could reasonably be expected to have, the effect of encouraging or inducing any Customer to cease doing business with, or reduce or otherwise
        interfere with the business which any Customer has customarily done or contemplates doing with, any member of the Affiliated Group for any reason.</font></div>
    <div style="text-align: justify; text-indent: 108pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Remedies</u></font>.&#160; Executive acknowledges and agrees that the terms of this Section 7: (1) are reasonable in geographic and temporal
        scope, (2) are necessary to protect legitimate proprietary and business interests of the Affiliated Group in, inter alia, customer relationships and confidential information. Executive further acknowledges and agrees that Executive&#8217;s breach of the
        provisions of this Section 7 will cause the Affiliated Group irreparable harm, which cannot be adequately compensated by money damages.&#160; Executive consents and agrees that the forfeiture of the benefits referenced in Section 3(b) of this Agreement
        is a reasonable remedy in the event that Executive commits any breach.&#160; If any of the provisions of this Section 7 are determined to be wholly or partially unenforceable, Executive hereby agrees that the provisions of this Section 7 may be reformed
        so that they are enforceable to the maximum extent permitted by law. If any of the provisions of this Section 7 are determined to be wholly or partially unenforceable in any jurisdiction, such determination shall not be a bar to or in any way
        diminish the Affiliated Group&#8217;s right to enforce any such covenant in any other jurisdiction.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>No Admission</u></font>.&#160; Nothing herein shall be deemed to constitute an admission of wrongdoing by Executive or any member of the
        Affiliated Group.&#160; Neither this Agreement nor any of its terms may be used as an admission or introduced as evidence as to any issue of law or fact in any proceeding, suit or action, other than an action to enforce this Agreement.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Counterparts</u></font>.&#160; This Agreement may be executed in counterparts, and each counterpart, when so executed and delivered, shall be
        deemed to be an original and both counterparts, taken together, shall constitute one and the same Agreement.&#160; A faxed or .pdf-ed signature shall operate the same as an original signature.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Successors and Assigns</u></font>.&#160; This Agreement shall inure to the benefit of and be binding upon the Company and any successor
        organization which shall succeed to the Company by acquisition, merger, consolidation or operation of law, or by acquisition of assets of the Company and any assigns.&#160; Executive may not assign this Agreement, except with respect to the rights
        provided under Section 3 of this Agreement, which shall inure to the benefit of Executive&#8217;s heirs, executors and administrators.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">11.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Severability; Blue-Penciling</u></font>.&#160; The provisions of this Agreement are severable and the invalidity of any one or more provisions
        shall not affect the validity of any other provision.&#160; In the event that a court of competent jurisdiction shall determine that any provision of this Agreement or the application thereof is unenforceable in whole or in part because of the scope
        thereof, the Parties hereto agree that said court in making such determination shall have the power to reduce the scope of such provision to the extent necessary</font></div>
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    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">to make it enforceable, and that this Agreement in its reduced form shall be valid and enforceable to the
        full extent permitted by law.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">12.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Governing Law</u></font>.&#160; This Agreement will be governed by and construed in accordance with the laws of the State of Washington,
        without regard to any conflict of law principles thereof that would give rise to the application of the laws of any other jurisdiction.&#160; Executive hereby waives notice of the telephonic Board meeting held on January 21, 2019 at 9 AM Pacific Time.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">13.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Entire Agreement/No Oral Modifications</u></font>.&#160; This Agreement constitutes the entire agreement between Executive and all members of
        the Affiliated Group with respect to the subject matter hereof and supersedes all prior negotiations, representations, arrangements or agreements relating thereto, whether written or oral.&#160; Executive represents that in executing this Agreement,
        Executive has not relied on any representation or statement not set forth herein.&#160; No amendment or modification of this Agreement shall be valid or binding on the Parties unless in writing and signed by both Parties.</font></div>
    <div style="text-align: center; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">*&#160; &#160; &#160; &#160; *&#160; &#160; &#160; &#160; *</font></div>
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    <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">IN WITNESS WHEREOF, the Parties have signed this Agreement as of the date first above
        written.</font></div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z91f6ca14a4a14b18a2010a170e83f7f5" border="0" cellpadding="0" cellspacing="0">

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          <td colspan="2" style="vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ITRON, INC.</font></div>
          </td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
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          <td colspan="2" style="vertical-align: top;">&#160;</td>
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          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">By:</font></div>
          </td>
          <td style="width: 37%; vertical-align: top; border-bottom: 0.5pt solid rgb(0, 0, 0);">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">/s/ Sarah Hlavinka</font></div>
          </td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">By:&#160;&#160; <br>
              </font></div>
          </td>
          <td style="width: 37%; vertical-align: top; border-bottom: 0.5pt solid rgb(0, 0, 0);">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">/s/ Philip C. Mezey</font></div>
          </td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
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          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Name:&#160;&#160; <br>
              </font></div>
          </td>
          <td style="width: 37%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Sarah Hlavinka</font></div>
          </td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 8%; vertical-align: top;">&#160;</td>
          <td style="width: 37%; vertical-align: top;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Philip C. Mezey</font></div>
          </td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Title:</font></div>
          </td>
          <td style="width: 37%; vertical-align: top;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Senior Vice President, General Counsel and Corporate Secretary</font></div>
          </td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 8%; vertical-align: top;">&#160;</td>
          <td style="width: 37%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
        </tr>

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    <div style="text-align: center; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>EXHIBIT A</u></font></font></div>
    <div style="text-align: center; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>General Release of Claims</u></font></font></div>
    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Philip C. Mezey (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Executive</u></font>&#8221;)

        hereby enters into and agrees to be bound by this General Release of Claims (this &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Release</u></font>&#8221;).&#160; Executive acknowledges and agrees that his entry into, and
        non-revocation of, this Release is a condition to his receipt of the payments and benefits set forth in Section 3(b) of the Transition and Retirement Agreement by and between Itron, Inc., a Washington corporation (the &#8220;<font style="font-family:
          'Times New Roman', serif; font-size: 12pt;"><u>Company</u></font>&#8221;), and Executive, dated as of January 21, 2019 (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Transition Agreement</u></font>&#8221;).</font></div>
    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Any capitalized term that is used, but not otherwise defined, in this Release shall have the meaning assigned
        to such term in the Transition Agreement.</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Executive

        hereby releases, discharges and forever acquits the Affiliated Group and the past, present and future stockholders, members, partners, directors, managers, employees, agents, attorneys, heirs, legal representatives, successors and assigns of the
        foregoing, in their personal and representative capacities (individually, &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Company Party</u></font>,&#8221; and collectively, the &#8220;<font style="font-family: 'Times New Roman',
          serif; font-size: 12pt;"><u>Company Parties</u></font>&#8221;), from liability for, and hereby waives, any and all claims, charges, liabilities, causes of action, rights, complaints, sums of money, suits, debts, covenants, contracts, agreements,
        promises, benefits, obligations, damages, demands or liabilities of every nature, kind and description, in law, equity or otherwise, whether known or unknown, suspected or unsuspected (collectively, &#8220;<font style="font-family: 'Times New Roman',
          serif; font-size: 12pt;"><u>Claims</u></font>&#8221;) which Executive or Executive&#8217;s heirs, executors, administrators, spouse, relatives, successors or assigns ever had, now has or may hereafter claim to have by reason of any matter, cause or thing
        whatsoever: (1) arising from the beginning of time through the date upon which Executive signs this Agreement, including but not limited to, (A) any such Claims relating in any way to Executive&#8217;s employment relationship with the Company or any
        other Company Parties, and (B) any such Claims arising under any federal, state, local or foreign statute or regulation, including, without limitation, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Americans With
        Disabilities Act, the Family and Medical Leave Act of 1993, 42 U.S.C. &#167;&#167; 1981, 1985(3), and 1986, the Employee Retirement Income Security Act of 1974, the Age Discrimination In Employment Act (&#8220;<font style="font-family: 'Times New Roman', serif;
          font-size: 12pt;"><u>ADEA</u></font>&#8221;), and any other federal, state, local or foreign law (statutory, regulatory or otherwise) that may be legally waived and released; (2) relating to wrongful employment termination; or (3) arising under or
        relating to any policy, agreement, understanding or promise, written or oral, formal or informal, between the Company or any of the other Company Parties and Executive, including but not limited to, any cash or equity-based incentive compensation
        plan, program, agreement or arrangement with any Company Party; <font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>provided</u></font>, <font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>however</u></font>,
        that nothing in this Agreement shall release or impair any rights that cannot be waived under applicable law, rights under Sections 3 and 4 of the Transition Agreement, rights to vested benefits under the Company&#8217;s 401(k) plan and group health
        plan, or any rights to indemnification (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Excluded Claims</u></font>&#8221;).</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Executive

        further acknowledges and agrees that, except with respect to the Excluded Claims, the Company Parties have fully satisfied any and all obligations whatsoever owed to him arising out of his employment with the Company or any other Company Party, and
        that no further payments or benefits are owed to him by the Company or any other Company Party.</font></div>
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    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Executive

        acknowledges that (1) the Company and/or its successor has advised Executive to consult with an attorney of Executive&#8217;s own choosing before signing this Agreement, (2) Executive has been given the opportunity to seek the advice of counsel,
        (3)&#160;Executive has carefully read and fully understands all of the provisions of this Agreement, (4)&#160;the release of claims set forth in this Release specifically applies to any rights or claims Executive may have against the Company Parties pursuant
        to the ADEA,<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">&#160;</font>(5) Executive is entering into this Agreement knowingly, freely and voluntarily in exchange for good and valuable consideration to which
        Executive is not otherwise entitled, including the payments set forth in Section 3 of the Transition Agreement, and (6) Executive has the full power, capacity and authority to enter into this Agreement.</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Executive

        understands and agrees that Executive has twenty-one (21) days following the Date of Termination to review this Agreement and its terms and to reflect upon them and consider whether Executive wants to sign it, although Executive may sign it
        sooner.&#160; Executive understands and agrees that Executive may accept this Agreement by signing and returning it within the applicable time frame to [NAME], [TITLE], of the Company at [ADDRESS] or by e-mail at [EMAIL ADDRESS].</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Notwithstanding

        the initial effectiveness of this Agreement, Executive may revoke the execution and delivery (and therefore the effectiveness) of this Agreement within the seven (7) day period beginning on the date Executive delivers a signed copy of this Release
        to the Company (such seven day period being referred to herein as the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Release Revocation Period</u></font>&#8221;). To be effective, such revocation must be in writing signed by
        Executive and must be delivered to the Company before 11:59 p.m., Pacific Standard time, on the last day of the Release Revocation Period.</font></div>
    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">IN WITNESS WHEREOF, Executive has signed this Release as of the date set forth below.</font></div>
    <div style="margin-top: 12pt; margin-bottom: 12pt;"><br>
    </div>
    <div style="text-align: justify; margin-top: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">___________________________</font></div>
    <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Philip C. Mezey</font></div>
    <div style="text-align: justify; margin-top: 18pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Date:_______________________</font></div>
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    <div style="text-align: center; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Continued Vesting Awards</u></font></font></div>
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          <td style="width: 28.38%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Type of Award</font></div>
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            <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Grant Date</font></div>
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          <td style="width: 28.45%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Number of Shares Originally Granted (1)</font></div>
          </td>
          <td style="width: 20.86%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.50pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Exercise Price</font></div>
          </td>
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          <td style="width: 28.38%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Stock Options</font></div>
          </td>
          <td style="width: 22.31%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">February 23, 2017</font></div>
          </td>
          <td style="width: 28.45%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">36,322</font></div>
          </td>
          <td style="width: 20.86%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">$65.55</font></div>
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            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Restricted Stock Units</font></div>
          </td>
          <td style="width: 22.31%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">February 23, 2017</font></div>
          </td>
          <td style="width: 28.45%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">12,204</font></div>
          </td>
          <td style="width: 20.86%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">N/A</font></div>
          </td>
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          <td style="width: 28.38%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Performance Restricted Stock Units (2)</font></div>
          </td>
          <td style="width: 22.31%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">February 23, 2017</font></div>
          </td>
          <td style="width: 28.45%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">24,408</font></div>
          </td>
          <td style="width: 20.86%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">N/A</font></div>
          </td>
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          <td style="width: 28.38%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Stock Options</font></div>
          </td>
          <td style="width: 22.31%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">February 22, 2018</font></div>
          </td>
          <td style="width: 28.45%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">36,208</font></div>
          </td>
          <td style="width: 20.86%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">$69.30</font></div>
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            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Restricted Stock Units</font></div>
          </td>
          <td style="width: 22.31%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">February 22, 2018</font></div>
          </td>
          <td style="width: 28.45%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">12,987</font></div>
          </td>
          <td style="width: 20.86%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.75pt solid;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">N/A</font></div>
          </td>
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          <td style="width: 28.38%; vertical-align: top; border-left: #000000 0.50pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.50pt solid;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Performance Restricted Stock Units (2)</font></div>
          </td>
          <td style="width: 22.31%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.50pt solid;">
            <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">February 22, 2018</font></div>
          </td>
          <td style="width: 28.45%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.75pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.50pt solid;">
            <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">25,974</font></div>
          </td>
          <td style="width: 20.86%; vertical-align: top; border-left: #000000 0.75pt solid; border-right: #000000 0.50pt solid; border-top: #000000 0.75pt solid; border-bottom: #000000 0.50pt solid;">
            <div style="text-align: left;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">N/A</font></div>
          </td>
        </tr>

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    <div style="text-align: justify; text-indent: 0.2pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">(1)&#160; Executive will continue to vest in the number of shares that are unvested as of the Date of Termination in accordance with
        Section 3(b)(ii) of the Transition and Retirement Agreement to which this <font style="font-family: 'Times New Roman', serif; font-size: 11pt;"><u>Exhibit B</u></font> is attached.</font></div>
    <div><br>
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    <div style="text-align: justify; text-indent: 0.2pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">(2)&#160; The amount shown in the &#8220;Number of Shares Granted&#8221; column represents the number of Performance Restricted Stock Units that
        would vest upon achievement of the applicable performance goals at the target level.&#160; The actual number of Performance Restricted Stock Units that may vest will be based upon the actual level of achievement of the applicable performance goals,
        which may differ from the target amount listed in the &#8220;Number of Shares Granted&#8221; column.</font></div>
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    <div style="text-align: center; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>EXHIBIT C</u></font></font></div>
    <div style="text-align: center;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Press Release</u></font></font></div>
    <div><br>
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    <div style="text-align: center;"><font style="font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Itron Initiates Leadership Succession</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">LIBERTY LAKE, Wash., January 22, 2019 &#8211; Itron, Inc. (NASDAQ: ITRI) (&#8220;Itron&#8221; or the &#8220;Company&#8221;), which is innovating the way utilities and cities manage
        energy and water, today announced that Philip Mezey, the Company&#8217;s President and Chief Executive Officer and a member of the Board of Directors, has informed the Board of his intention to retire from his positions. By mutual agreement with the
        Board, Mr. Mezey will continue to lead the Company as President and Chief Executive Officer and serve as a member of its Board until August 31, 2019, or until a successor is appointed. Upon the appointment of a successor, Mr. Mezey will remain with
        the Company as an advisor through December 31, 2019, to help facilitate a seamless transition. The Board has commenced a search process to identify the Company&#8217;s next CEO and will evaluate both internal and external candidates. The process is being
        led by a newly formed CEO Search Committee of the Board, which will engage a nationally-recognized executive search firm to assist in the process.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Mr. Mezey has been a member of the Itron team since 2003, following Itron&#8217;s acquisition of Silicon Energy, where Mr. Mezey began serving in 2000. He was
        appointed CEO in January 2013. Over the course of his tenure as CEO, Itron has strengthened its position as a leading provider of technology and services solutions to utilities and cities globally, accelerated its pace of innovation and streamlined
        its operations footprint and efficiency.</font></div>
    <div><br>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Mr. Mezey said, &#8220;It&#8217;s been a tremendous honor to have been part of the Itron family for the past 18 years and to have led the Company over the last six
        years on a journey to an improved strategic, operational and financial position. Itron has grown from being a leader in Automated Meter Reading to an innovator in Advanced Metering Infrastructure, Distribution Automation, Street lighting, and
        emerging IoT sensing. With the recent acquisition of Silver Spring Networks, we have strengthened our position in wireless networking and distributed energy management and are well positioned to continue to drive long-term value for our customers,
        partners, employees and shareholders. With the strategy, plan and team firmly in place, and with the majority of our operational improvement initiatives behind us, I felt that now was the right time for me pass the baton to the next leader, who
        will continue to improve on what we have built.&#8221;</font></div>
    <div><br>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Lynda Ziegler, chairman of the Board of Directors, said, &#8220;Under Philip&#8217;s leadership, Itron has become an industry leader with 8,000 customers worldwide and
        190 million smart communicating devices deployed globally. On behalf of the Board, the management team and our 8,000 employees, we thank Philip for his dedication and leadership over nearly 18 years of service to Itron, including as President and
        CEO for the past six years. Leadership succession is one of the most important functions for any Board, and we are moving into a new phase of a deliberate and thoughtful process to identify the next CEO of Itron. We appreciate Philip&#8217;s continuing
        leadership as we work to select a successor to advance our transformation, support our innovative culture and continue delivering value to customers and shareholders.&#8221;</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">About Itron</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure services to communities in more than 100 countries. Our
        portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality
        of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: <u><font style="font-family: Calibri, sans-serif; font-size: 11pt;">www.itron.com</font></u><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">.</font></font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Itron&#174; is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or
        imply any relationship between Itron and the third party unless expressly stated.</font></div>
    <div><br>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Forward-Looking&#160;Statements</font></div>
    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">This release contains forward-looking statements within in the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to
        our expectations about revenues, operations, financial performance, earnings, earnings per share and cash flows. Although we believe the estimates and assumptions upon which these forward-looking statements are based are reasonable, any of these
        estimates or assumptions could prove to be inaccurate and the forward-looking statements based on these estimates and assumptions could be incorrect. Our operations involve risks and uncertainties, many of which are outside our control, and any one
        of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Actual results and trends in the future may differ materially from those suggested or
        implied by the forward-looking statements depending on a variety of factors. Some of the factors that we believe could affect our results include our ability successfully to execute our leadership transition plan, our ability to achieve estimated
        cost savings, the rate and timing of customer demand for our products, supply chain disruptions, tariffs, rescheduling of current customer orders, changes in estimated liabilities for product warranties, adverse impacts of litigation, changes in
        laws and regulations, our dependence on new product development and intellectual property, future acquisitions, changes in estimates for stock-based and bonus compensation, increasing volatility in foreign exchange rates, international business
        risks and other factors that are more fully described in our Annual Report on Form 10-K for the year ended December 31, 2017 and other reports on file with the Securities and Exchange Commission. Itron undertakes no obligation to update or revise
        any information in this press release.</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Itron, Inc.</font></div>
    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Kenneth P. Gianella, 669-770-4643</font></div>
    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Vice President, Investor Relations</font></div>
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<DESCRIPTION>EXHIBIT 99.1 - PRESS RELEASE
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    <div style="text-align: right; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">EXHIBIT 99.1</div>
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    <div style="text-align: center;"><font style="font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Itron Initiates Leadership Succession</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">LIBERTY LAKE, Wash., January 22, 2019 &#8211; Itron, Inc. (NASDAQ: ITRI) (&#8220;Itron&#8221; or the &#8220;Company&#8221;), which is innovating the way utilities and cities manage
        energy and water, today announced that Philip Mezey, the Company&#8217;s President and Chief Executive Officer and a member of the Board of Directors, has informed the Board of his intention to retire from his positions. By mutual agreement with the
        Board, Mr. Mezey will continue to lead the Company as President and Chief Executive Officer and serve as a member of its Board until August 31, 2019, or until a successor is appointed. Upon the appointment of a successor, Mr. Mezey will remain with
        the Company as an advisor through December 31, 2019, to help facilitate a seamless transition. The Board has commenced a search process to identify the Company&#8217;s next CEO and will evaluate both internal and external candidates. The process is being
        led by a newly formed CEO Search Committee of the Board, which will engage a nationally-recognized executive search firm to assist in the process.</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Mr. Mezey has been a member of the Itron team since 2003, following Itron&#8217;s acquisition of Silicon Energy, where Mr. Mezey began serving in 2000. He was
        appointed CEO in January 2013. Over the course of his tenure as CEO, Itron has strengthened its position as a leading provider of technology and services solutions to utilities and cities globally, accelerated its pace of innovation and streamlined
        its operations footprint and efficiency.</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Mr. Mezey said, &#8220;It&#8217;s been a tremendous honor to have been part of the Itron family for the past 18 years and to have led the Company over the last six
        years on a journey to an improved strategic, operational and financial position. Itron has grown from being a leader in Automated Meter Reading to an innovator in Advanced Metering Infrastructure, Distribution Automation, Street lighting, and
        emerging IoT sensing. With the recent acquisition of Silver Spring Networks, we have strengthened our position in wireless networking and distributed energy management and are well positioned to continue to drive long-term value for our customers,
        partners, employees and shareholders. With the strategy, plan and team firmly in place, and with the majority of our operational improvement initiatives behind us, I felt that now was the right time for me pass the baton to the next leader, who
        will continue to improve on what we have built.&#8221;</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Lynda Ziegler, chairman of the Board of Directors, said, &#8220;Under Philip&#8217;s leadership, Itron has become an industry leader with 8,000 customers worldwide and
        190 million smart communicating devices deployed globally. On behalf of the Board, the management team and our 8,000 employees, we thank Philip for his dedication and leadership over nearly 18 years of service to Itron, including as President and
        CEO for the past six years. Leadership succession is one of the most important functions for any Board, and we are moving into a new phase of a deliberate and thoughtful process to identify the next CEO of Itron. We appreciate Philip&#8217;s continuing
        leadership as we work to select a successor to advance our transformation, support our innovative culture and continue delivering value to customers and shareholders.&#8221;</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">About Itron</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure services to communities in more than 100 countries. Our
        portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality
        of life, ensure</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: <u><font style="font-family: Calibri, sans-serif; font-size: 11pt;">www.itron.com</font></u>.</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Itron&#174; is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or
        imply any relationship between Itron and the third party unless expressly stated.</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Forward-Looking&#160;Statements</font></div>
    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">This release contains forward-looking statements within in the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to
        our expectations about revenues, operations, financial performance, earnings, earnings per share and cash flows. Although we believe the estimates and assumptions upon which these forward-looking statements are based are reasonable, any of these
        estimates or assumptions could prove to be inaccurate and the forward-looking statements based on these estimates and assumptions could be incorrect. Our operations involve risks and uncertainties, many of which are outside our control, and any one
        of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Actual results and trends in the future may differ materially from those suggested or
        implied by the forward-looking statements depending on a variety of factors. Some of the factors that we believe could affect our results include our ability successfully to execute our leadership transition plan, our ability to achieve estimated
        cost savings, the rate and timing of customer demand for our products, supply chain disruptions, tariffs, rescheduling of current customer orders, changes in estimated liabilities for product warranties, adverse impacts of litigation, changes in
        laws and regulations, our dependence on new product development and intellectual property, future acquisitions, changes in estimates for stock-based and bonus compensation, increasing volatility in foreign exchange rates, international business
        risks and other factors that are more fully described in our Annual Report on Form 10-K for the year ended December 31, 2017 and other reports on file with the Securities and Exchange Commission. Itron undertakes no obligation to update or revise
        any information in this press release.</font></div>
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    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Itron, Inc.</font></div>
    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Kenneth P. Gianella, 669-770-4643</font></div>
    <div style="text-align: left;"><font style="font-family: Calibri, sans-serif; font-size: 11pt;">Vice President, Investor Relations</font></div>
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