{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-005436","form_type":"8-K","ticker":"LTRX","cik":"0001114925","company_name":"LANTRONIX INC","filed_at":"2024-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.210846+00:00","generated_at":"2026-05-31T09:57:24.779939+00:00","sec_items":["1.01","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Lantronix enters cooperation agreement with 180 Degree Capital; two new director nominees","bullets":["Agreement dated Aug 9, 2024 nominates Narbeh Derhacobian and Kevin Palatnik to board at 2024 annual meeting.","Directors Jason Cohenour and Phu Hoang will not stand for re-election at the 2024 annual meeting.","Board size capped at six; 180 Degree Capital gets standstill and voting commitments, ownership capped at 9.9%.","Agreement term through 2025 annual meeting, renewable if company re-nominates the new directors."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-005436","json":"https://secwatch.observer/filing/0001683168-24-005436.json","markdown":"https://secwatch.observer/filing/0001683168-24-005436.md","text":"https://secwatch.observer/filing/0001683168-24-005436.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1114925/000168316824005436/0001683168-24-005436-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1114925/000168316824005436/lantronix_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T09:57:24.779939+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":"991cea94c7","claim":"Phu Hoang departed as Director at LANTRONIX INC.","evidence_excerpt":"Effective as of the date of the Agreement, Jason Cohenour and Phu Hoang have agreed not to stand for re-election at the 2024 Annual Meeting in order to ensure the Company’s compliance with the Agreement.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1114925/000168316824005436/0001683168-24-005436-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"agreed not to stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c18fb00103","claim":"Jason Cohenour departed as Director at LANTRONIX INC.","evidence_excerpt":"Effective as of the date of the Agreement, Jason Cohenour and Phu Hoang have agreed not to stand for re-election at the 2024 Annual Meeting in order to ensure the Company’s compliance with the Agreement.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1114925/000168316824005436/0001683168-24-005436-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"agreed not to stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}