---
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"
generated_at: "2026-05-31T09:57:24.779939+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lantronix enters cooperation agreement with 180 Degree Capital; two new director nominees

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-005436
- JSON: https://secwatch.observer/filing/0001683168-24-005436.json
- Plain text: https://secwatch.observer/filing/0001683168-24-005436.txt

## Key facts
- Executive change
  Phu Hoang departed as Director at LANTRONIX INC.
  - Action: agreed not to stand for re-election
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1114925/000168316824005436/0001683168-24-005436-index.htm
- Executive change
  Jason Cohenour departed as Director at LANTRONIX INC.
  - Action: agreed not to stand for re-election
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1114925/000168316824005436/0001683168-24-005436-index.htm

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