secwatch.observer — SEC 8-K summary
======================================

Issuer:     LANTRONIX INC (LTRX)
CIK:        0001114925
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001683168-24-003229
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lantronix raises CFO salary to $351k, enters new change-in-control agreement
----------------------------------------------------------------------------

- CFO Jeremy Whitaker base salary increased from $300k to $351k effective July 1, 2024.
- VP Engineering Eric Bass salary raised from $250k to $292k effective same date.
- Whitaker enters new Change in Control Agreement providing 12 months salary + 100% target bonus on qualifying termination.
- New agreement replaces prior one expiring May 31, 2024, and includes COBRA continuation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114925/000168316824003229/0001683168-24-003229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114925/000168316824003229/lantronix_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-003229

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer