Form 8-K - Current report
27 Setembro 2024 - 9:10AM
Edgar (US Regulatory)
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2024-09-24
2024-09-24
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UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 24, 2024
LANTRONIX,
INC.
(Exact Name of Registrant as Specified in Charter)
Delaware |
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1-16027 |
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33-0362767 |
(State or other jurisdiction
of incorporation) |
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(Commission File Number) |
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(IRS Employer
Identification No.) |
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48
Discovery, Suite
250 Irvine, California 92618 |
(Address of Principal Executive Offices, including zip code) |
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Registrant’s telephone number, including area code: (949) 453-3990 |
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Not Applicable |
(Former name or former address, if changed since last report) |
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:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title of each Class |
Trading Symbol |
Name of each exchange on which registered |
Common Stock, $0.0001 par value |
LTRX |
The Nasdaq Stock Market LLC |
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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 §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2).
Emerging growth company ☐
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 financial accounting standards provided pursuant
to Section 7(a)(2)(B) of Securities Act. ☐
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. |
On September 24, 2024, Christa Steele, a member of the Board of Directors
(the “Board”) of Lantronix, Inc. (the “Company”), notified the Company of her decision not to stand for re-election
at the Company’s 2024 annual meeting of stockholders (the “Annual Meeting”). Ms. Steele will continue to serve as a
director and member of the Audit Committee until the Annual Meeting. Effective as of the date of the Annual Meeting, the size of the Board
will be reduced to five directors.
“While Christa’s tenure was short, her
experience, perspective and contributions were invaluable in supporting the Company during our inflection
point,” said Saleel Awsare, President and Chief Executive Officer. “On behalf of management and the Board, we wish her well
in all her other endeavors.”
“The Company has accomplished a great deal
in these last several months and I am proud to be a part of the Company during its transition,” said Ms. Steele. “I am confident
in Lantronix’s future under Saleel’s leadership. At this time, I must shift my focus to other commitments which demand my
attention.”
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.
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LANTRONIX, INC. |
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By: |
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/s/ Saleel Awsare |
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Saleel Awsare |
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President and Chief Executive Officer |
Date: September 27, 2024
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