Lantronix names Saleel Awsare President and CEO, effective Nov 20, 2023

LANTRONIX INC

Awsare joins from Synaptics, where he served as SVP and GM of Enterprise & Mobile Division.
Base salary of $500,000; annual target bonus of 100% base; sign-on bonus of $136,000.
Equity inducement grant of $4.15M in RSUs and PSUs (time- and performance-based).
Separation benefits include salary continuation, bonus, COBRA, and equity acceleration.
Interim CEO Jeremy Whitaker signed filing; prior CEO departure not detailed.

item 5.02 item 7.01 item 9.01

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Appointed

Saleel Awsare

President and Chief Executive Officer

LTRX · LANTRONIX INC

Effective: 2023-11-20
Filed: November 6, 2023, 6:59 PM ET

On November 6, 2023, Lantronix, Inc. (the “Company”) announced that its Board of Directors (the “Board”) has appointed Saleel Awsare to serve as the Company’s President and Chief Executive Officer effective as of November 20, 2023 (the “Employment Commencement Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Saleel Awsare was appointed as President and Chief Executive Officer at LANTRONIX INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On November 6, 2023, Lantronix, Inc. (the “Company”) announced that its Board of Directors (the “Board”) has appointed Saleel Awsare to serve as the Company’s President and Chief Executive Officer effective as of November 20, 2023 (the “Employment Commencement Date”).

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Source: SEC EDGAR

accession 0001140361-23-051481

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