---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-004667"
form_type: "8-K"
ticker: "LTRX"
cik: "0001114925"
company_name: "LANTRONIX INC"
filed_at: "2023-07-05T23:59:59+00:00"
generated_at: "2026-06-13T12:31:27.095365+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-23-004667
- form_type: 8-K
- ticker: LTRX
- cik: 0001114925
- company_name: LANTRONIX INC
- filed_at: 2023-07-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1114925/000168316823004667/0001683168-23-004667-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1114925/000168316823004667/lantronix_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-004667
- JSON: https://secwatch.observer/filing/0001683168-23-004667.json
- Plain text: https://secwatch.observer/filing/0001683168-23-004667.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.