secwatch.observer — SEC 8-K summary
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Issuer:     LANTRONIX INC (LTRX)
CIK:        0001114925
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001683168-24-006404
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lantronix CFO Jeremy Whitaker resigns; appoints Brent Stringham interim CFO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114925/000168316824006404/0001683168-24-006404-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114925/000168316824006404/lantronix_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-006404

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