Lantronix 8-K: Officer Changes & Compensation
Ticker: LTRX · Form: 8-K · Filed: Feb 28, 2024 · CIK: 1114925
| Field | Detail |
|---|---|
| Company | Lantronix Inc (LTRX) |
| Form Type | 8-K |
| Filed Date | Feb 28, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Lantronix just filed an 8-K about executive changes and pay, keep an eye on leadership shifts!**
AI Summary
Lantronix, Inc. filed an 8-K on February 28, 2024, reporting events from February 22, 2024. The filing pertains to changes in directors or certain officers and compensatory arrangements for officers. The company, based in Irvine, California, operates in computer communications equipment.
Why It Matters
Changes in executive leadership and compensation structures can signal strategic shifts or impact investor confidence in a company's future direction.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure about executive changes and compensation, not indicating immediate financial distress or major operational risks.
Key Players & Entities
- LANTRONIX INC (company) — Registrant
- February 22, 2024 (date) — Date of earliest event reported
- February 28, 2024 (date) — Filing date
- Irvine, California (location) — Principal Executive Offices
- Delaware (location) — State of incorporation
FAQ
What is the purpose of this 8-K filing by Lantronix, Inc.?
This 8-K filing by Lantronix, Inc. is to report the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers, as per Item 5.02.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 22, 2024.
What is the business address of Lantronix, Inc.?
The business address of Lantronix, Inc. is 48 Discovery, Suite 250, Irvine, California 92618.
What is Lantronix, Inc.'s primary industry classification?
Lantronix, Inc.'s standard industrial classification is Computer Communications Equipment (3576).
What is the company's fiscal year end?
Lantronix, Inc.'s fiscal year ends on June 30.
Filing Stats: 494 words · 2 min read · ~2 pages · Grade level 13.1 · Accepted 2024-02-28 16:30:14
Key Financial Figures
- $0.0001 — ge on which registered Common Stock , $0.0001 par value LTRX The Nasdaq Stock Marke
Filing Documents
- lantronix_8k.htm (8-K) — 26KB
- 0001683168-24-001236.txt ( ) — 195KB
- ltrx-20240222.xsd (EX-101.SCH) — 3KB
- ltrx-20240222_lab.xml (EX-101.LAB) — 33KB
- ltrx-20240222_pre.xml (EX-101.PRE) — 22KB
- lantronix_8k_htm.xml (XML) — 3KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 22, 2024, Roger Holliday and Lantronix, Inc. (the "Company") agreed that Mr. Holliday will step down from his position as Vice President, Worldwide Sales, effective as of February 29, 2024 in order to facilitate his retirement. Mr. Holliday and the Company have agreed that Mr. Holliday will continue his employment with the Company in a non-officer role until September 30, 2024 (or, if later, the date a determination is made by the Company's Board of Directors or applicable committee thereof as to the Company's performance during fiscal year 2024 for purposes of the vesting of its equity awards), in order to provide support assistance, advice, and training relating to sales matters involving the Company as well as any other similar matters requested by the Company's Chief Executive Officer. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LANTRONIX, INC. By: /s/ Jeremy Whitaker Jeremy Whitaker Chief Financial Officer Date: February 28, 2024 3