{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-051481","form_type":"8-K","ticker":"LTRX","cik":"0001114925","company_name":"LANTRONIX INC","filed_at":"2023-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.263113+00:00","generated_at":"2026-06-08T19:01:15.317279+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lantronix names Saleel Awsare President and CEO, effective Nov 20, 2023","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-051481","json":"https://secwatch.observer/filing/0001140361-23-051481.json","markdown":"https://secwatch.observer/filing/0001140361-23-051481.md","text":"https://secwatch.observer/filing/0001140361-23-051481.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1114925/000114036123051481/0001140361-23-051481-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1114925/000114036123051481/ef20014088_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T19:01:15.317279+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"217d838d75","claim":"Saleel Awsare was appointed as President and Chief Executive Officer at LANTRONIX INC.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1114925/000114036123051481/0001140361-23-051481-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}