Lantronix Inc. Files 8-K: Executive & Board Changes
Ticker: LTRX · Form: 8-K · Filed: Nov 7, 2024 · CIK: 1114925
| Field | Detail |
|---|---|
| Company | Lantronix Inc (LTRX) |
| Form Type | 8-K |
| Filed Date | Nov 7, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-changes, financials
TL;DR
Lantronix 8-K: Board/exec changes, comp updates, financials filed.
AI Summary
On November 7, 2024, Lantronix Inc. filed an 8-K report detailing changes in its board of directors and executive officers, along with updates to compensatory arrangements. The filing also includes financial statements and exhibits, and a Regulation FD disclosure. Specific details regarding the individuals involved and the nature of the compensatory arrangements are provided within the document.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy or operational focus, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in executive leadership and board composition can introduce uncertainty regarding future strategy and operational stability.
Key Players & Entities
- Lantronix Inc. (company) — Registrant
- November 7, 2024 (date) — Date of earliest event reported
FAQ
What specific items are covered in Lantronix Inc.'s 8-K filing dated November 7, 2024?
The 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD disclosures, and financial statements and exhibits.
What is the exact name of the registrant as specified in the charter?
The exact name of the registrant is LANTRONIX, INC.
In which state was Lantronix Inc. incorporated?
Lantronix Inc. was incorporated in Delaware.
What is the principal executive office address for Lantronix Inc.?
The principal executive office address is 48 Discovery, Suite 250, Irvine, California, 92618.
What is the SIC code for Lantronix Inc.?
The Standard Industrial Classification (SIC) code for Lantronix Inc. is 3576, which corresponds to COMPUTER COMMUNICATIONS EQUIPMENT.
Filing Stats: 794 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2024-11-07 16:30:09
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) — 31KB
- lantronix_ex9901.htm (EX-99.1) — 104KB
- lantronix_ex9902.htm (EX-99.2) — 26KB
- lantronix_ex9903.htm (EX-99.3) — 16KB
- image_001.jpg (GRAPHIC) — 4KB
- image_002.jpg (GRAPHIC) — 3KB
- 0001683168-24-007751.txt ( ) — 385KB
- ltrx-20241107.xsd (EX-101.SCH) — 3KB
- ltrx-20241107_lab.xml (EX-101.LAB) — 33KB
- ltrx-20241107_pre.xml (EX-101.PRE) — 24KB
- lantronix_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 7, 2024, Lantronix, Inc., a Delaware corporation (the "Company"), issued a press release setting forth the Company's financial results for its first fiscal quarter ended September 30, 2024. A copy of the press release is attached hereto as Exhibit 99.1. The information furnished under this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended. In addition, on November 7, 2024, the Company posted on its website at www.lantronix.com a transcript of management's prepared remarks for the Company's first quarter fiscal 2025 investor conference call and audio webcast, scheduled for 3:30 p.m. Pacific Time (6:30 p.m. Eastern Time) on November 7, 2024. The information furnished under this Item 2.02, including Exhibits 99.1 and 99.2, shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01
Item 7.01 Regulation FD Disclosure. The information disclosed in Item 2.02 of this Current Report on Form 8-K is incorporated by reference into this Item 7.01. On November 7, 2024, the Company issued a press release announcing the entry into a definitive agreement to acquire the assets of the enterprise Internet of Things (IoT) business of NetComm Wireless Pty Ltd. A copy of the press release is attached hereto as Exhibit 99.3 and is incorporated by reference into this Item 7.01. The information furnished pursuant to this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits The following exhibits are filed with this Current Report on Form 8-K: Exhibit No. Description 99.1 Press Release, dated November 7, 2024, reporting the Company's financial results for the first fiscal quarter ended September 30, 2024 99.2 Transcript of management's prepared remarks for first quarter fiscal 2025 investor conference call and audio webcast, scheduled for November 7, 2024 . 99.3 Press Release, dated November 7, 2024, announcing the planned acquisition of DZS's NetComm Enterprise IoT portfolio 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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/ Brent Stringham Brent Stringham Interim Chief Financial Officer and Chief Accounting Officer Date: November 7, 2024 3