Lantronix CFO Departs; Interim Appointed
Ticker: LTRX · Form: 8-K · Filed: Jan 10, 2025 · CIK: 1114925
| Field | Detail |
|---|---|
| Company | Lantronix Inc (LTRX) |
| Form Type | 8-K |
| Filed Date | Jan 10, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $310,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-departure
TL;DR
Lantronix CFO Jeremy Kean out, Douglas Murphy steps in as interim. Keep an eye on financial reporting.
AI Summary
On January 4, 2025, Lantronix Inc. announced the departure of its Chief Financial Officer, Jeremy Kean. The company has appointed Douglas M. Murphy as the interim CFO. Murphy previously served as the company's Senior Vice President of Finance and Corporate Controller.
Why It Matters
A change in CFO can impact investor confidence and financial reporting oversight. The appointment of an interim CFO suggests a transition period while a permanent replacement is sought.
Risk Assessment
Risk Level: medium — A CFO departure, even with an interim appointment, can signal internal changes that might affect financial strategy or investor relations.
Key Players & Entities
- Lantronix Inc. (company) — Registrant
- Jeremy Kean (person) — Departing Chief Financial Officer
- Douglas M. Murphy (person) — Interim Chief Financial Officer
- January 4, 2025 (date) — Date of earliest event reported
FAQ
Who has been appointed as the interim Chief Financial Officer of Lantronix Inc.?
Douglas M. Murphy has been appointed as the interim Chief Financial Officer.
When was the departure of the Chief Financial Officer reported?
The earliest event reported was on January 4, 2025.
What was Jeremy Kean's role at Lantronix Inc.?
Jeremy Kean was the Chief Financial Officer.
What is Lantronix Inc.'s state of incorporation?
Lantronix Inc. is incorporated in Delaware.
What is Lantronix Inc.'s principal executive office address?
The principal executive offices are located at 48 Discovery, Suite 250, Irvine, California 92618.
Filing Stats: 873 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2025-01-10 07:30:09
Key Financial Figures
- $0.0001 — ge on which registered Common Stock , $0.0001 par value LTRX The Nasdaq Stock Marke
- $310,000 — be entitled to an annual base salary of $310,000. Mr. Stringham will be entitled to an
Filing Documents
- lantronix_8k.htm (8-K) — 32KB
- lantronix_ex1001.htm (EX-10.1) — 11KB
- lantronix_ex9901.htm (EX-99.1) — 8KB
- image_001.jpg (GRAPHIC) — 2KB
- image_002.jpg (GRAPHIC) — 3KB
- 0001683168-25-000196.txt ( ) — 238KB
- ltrx-20250104.xsd (EX-101.SCH) — 3KB
- ltrx-20250104_lab.xml (EX-101.LAB) — 33KB
- ltrx-20250104_pre.xml (EX-101.PRE) — 24KB
- lantronix_8k_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 10, 2025, the Company issued a press release announcing the appointment of Mr. Stringham as Chief Financial Officer effective on January 6, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference. The information contained in Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 hereto) shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be, or be deemed, incorporated by reference in any filings under the Securities Act of 1933, as amended (the "Securities Act"), unless the Company specifically states that the information is to be considered "filed" under the Exchange Act or incorporates it by reference into a filing under the Securities Act or the Exchange Act.
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 10.1 Amendment to Letter Agreement, dated as of January 6, 2025, between Brent Stringham and Lantronix, Inc. 99.1 Press Release of Lantronix, Inc. issued on January 10, 2025 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/ Saleel Awsare Saleel Awsare President and Chief Executive Officer Date: January 10, 2025 3