---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-008379"
form_type: "8-K"
ticker: "LTRX"
cik: "0001114925"
company_name: "LANTRONIX INC"
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T22:29:15.363954+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Lantronix appoints CEO Saleel Awsare to Board; grants inducement equity awards

## Summary
- Saleel Awsare appointed to Board effective Nov. 20, 2023; Board now has five directors, four independent.
- Awsare receives 470,255 RSUs vesting one-third annually over three years starting Nov. 1, 2024.
- PSU awards: 235,127 tied to FY24 PSU plan (performance over FY2024-2026) and 223,931 tied to TSR.
- No additional compensation for Board service; awards granted as inducement under Nasdaq Rule 5635(c)(4).

## SEC filing metadata
- accession: 0001683168-23-008379
- form_type: 8-K
- ticker: LTRX
- cik: 0001114925
- company_name: LANTRONIX INC
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1114925/000168316823008379/0001683168-23-008379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1114925/000168316823008379/lantronix_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-008379
- JSON: https://secwatch.observer/filing/0001683168-23-008379.json
- Plain text: https://secwatch.observer/filing/0001683168-23-008379.txt

## Key facts
- Executive change
  Saleel Awsare was appointed as Director at LANTRONIX INC.
  - Action: appointed
  - Role: Director
  source text: The board of directors (the “Board”) of Lantronix, Inc. (the “Company”) has appointed Saleel Awsare, the President and Chief Executive Officer of the Company, as a member of the Board effective as of November 20, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114925/000168316823008379/0001683168-23-008379-index.htm

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