Lantronix grants enhanced severance and equity vesting to three top executives in retention agreements

LANTRONIX INC

Jeremy Whitaker (Interim CEO/CFO), Roger Holliday (VP Sales), and Eric Bass (VP R&D) sign retention letters.
If terminated without cause before FY2024 performance determination, execs receive continued pay and benefits through termination date.
Bonus for FY2024 paid as if employed through payment date; PSU vesting for FY22-24 based on actual performance for periods ending FY2024.
Agreements do not replace existing contracts; at-will employment remains; no severance if not working for 6+ months unless change in control.

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