Form 8-K - Current report
February 28 2024 - 4:30PM
Edgar (US Regulatory)
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2024-02-22
2024-02-22
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UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 22, 2024
LANTRONIX,
INC.
(Exact Name of Registrant as Specified in Charter)
Delaware |
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1-16027 |
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33-0362767 |
(State or other jurisdiction
of incorporation) |
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(Commission File Number) |
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(IRS Employer
Identification No.) |
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48
Discovery, Suite
250 Irvine, California 92618 |
(Address of Principal Executive Offices, including zip code) |
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Registrant’s telephone number, including area code: (949) 453-3990 |
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Not Applicable |
(Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title of each Class |
Trading Symbol |
Name of each exchange on which registered |
Common Stock, $0.0001 par value |
LTRX |
The Nasdaq Stock Market LLC |
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Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 7(a)(2)(B) of Securities Act. ☐
Item 5.02. |
Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 22, 2024, Roger Holliday and Lantronix,
Inc. (the “Company”) agreed that Mr. Holliday will step down from his position as Vice President, Worldwide Sales, effective
as of February 29, 2024 in order to facilitate his retirement. Mr. Holliday and the Company have agreed that Mr. Holliday will continue
his employment with the Company in a non-officer role until September 30, 2024 (or, if later, the date a determination is made by the
Company’s Board of Directors or applicable committee thereof as to the Company’s performance during fiscal year 2024 for
purposes of the vesting of its equity awards), in order to provide support assistance, advice, and training relating to sales matters
involving the Company as well as any other similar matters requested by the Company’s Chief Executive Officer.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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LANTRONIX, INC. |
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By: |
/s/ Jeremy Whitaker |
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Jeremy Whitaker
Chief Financial Officer |
Date: February 28, 2024
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