Lantronix Inc. Files 8-K: Director Changes & Compensation Updates
Ticker: LTRX · Form: 8-K · Filed: Feb 5, 2025 · CIK: 1114925
| Field | Detail |
|---|---|
| Company | Lantronix Inc (LTRX) |
| Form Type | 8-K |
| Filed Date | Feb 5, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, corporate-governance
Related Tickers: LTRX
TL;DR
Lantronix board shakeup and comp changes filed. Watch for new strategy.
AI Summary
On February 3, 2025, Lantronix Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes information regarding the departure of directors, election of new directors, appointment of officers, and updates to compensatory arrangements for certain officers. This report also covers Regulation FD disclosures and financial statements.
Why It Matters
This filing signals potential shifts in the company's leadership and governance structure, which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate underlying strategic shifts or governance issues that may affect the company's future performance.
Key Players & Entities
- Lantronix Inc. (company) — Registrant
- February 3, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Irvine, California (location) — Principal Executive Offices
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of directors and the election of new directors, though specific names are not detailed in the provided text.
Were there any changes to executive officer positions?
Yes, the filing mentions the appointment of certain officers.
What type of compensatory arrangements were updated?
The filing refers to updates to compensatory arrangements for certain officers.
What is the primary purpose of this 8-K filing?
The primary purpose is to report on the departure of directors, election of directors, appointment of officers, and compensatory arrangements, along with Regulation FD disclosures and financial statements.
When was the earliest event reported in this filing?
The earliest event reported was on February 3, 2025.
Filing Stats: 723 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2025-02-05 17:00:08
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) — 30KB
- lantronix_ex9901.htm (EX-99.1) — 6KB
- image_001.jpg (GRAPHIC) — 5KB
- 0001683168-25-000746.txt ( ) — 217KB
- ltrx-20250203.xsd (EX-101.SCH) — 3KB
- ltrx-20250203_lab.xml (EX-101.LAB) — 33KB
- ltrx-20250203_pre.xml (EX-101.PRE) — 24KB
- lantronix_8k_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On February 5, 2025, the Company issued a press release regarding Mr. Brace's resignation from the Board. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein 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 Exhibit No. Description 99.1 Press release of Lantronix, Inc. issued on February 5, 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/ Brent Stringham Brent Stringham Chief Financial Officer Date: February 5, 2025 3