Lantronix CFO Jeremy Whitaker resigns; appoints Brent Stringham interim CFO

LANTRONIX INC

Jeremy Whitaker resigned as CFO effective Sept 13, 2024 to accept CFO role at a private company.
Brent Stringham appointed interim CFO and Chief Accounting Officer; salary $267k, target bonus 40%, retention bonus $100k.
David McLennan, former Sierra Wireless CFO, engaged as consultant to support transition.
Stringham will receive RSU award worth $145k vesting over 3 years subject to continued employment.
Company initiated formal search for a permanent CFO.

item 5.02 item 7.01 item 2.02 item 9.01

Executive movements

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Departed

Jeremy Whitaker

Chief Financial Officer

LTRX · LANTRONIX INC

Effective: 2024-09-13
Successor: Brent Stringham
Filed: September 16, 2024, 7:59 PM ET

On September 10, 2024, Jeremy Whitaker informed Lantronix, Inc. (the “Company”) that he was resigning as the Company’s Chief Financial Officer effective September 13, 2024.

Appointed (interim)

Brent Stringham

Chief Accounting Officer and Chief Financial Officer

LTRX · LANTRONIX INC

Effective: 2024-09-14
Filed: September 16, 2024, 7:59 PM ET

On September 14, 2024, the Company’s Board of Directors (the “Board”) appointed Brent Stringham as the Company’s Chief Accounting Officer and Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeremy Whitaker resigned as Chief Financial Officer at LANTRONIX INC.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On September 10, 2024, Jeremy Whitaker informed Lantronix, Inc. (the “Company”) that he was resigning as the Company’s Chief Financial Officer effective September 13, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brent Stringham was appointed as Chief Accounting Officer and Chief Financial Officer at LANTRONIX INC.

Action: appointed
Role: Chief Accounting Officer and Chief Financial Officer

Exact text from the filing

On September 14, 2024, the Company’s Board of Directors (the “Board”) appointed Brent Stringham as the Company’s Chief Accounting Officer and Chief Financial Officer.

View on SEC.gov

LANTRONIX INC filing history →

Source: SEC EDGAR

accession 0001683168-24-006404

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