Lantronix Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 1, 2025, Lantronix, Inc. (the "Company") entered into amendments to its letter agreements (each, an “Amendment to Offer Letter”) with its executive officers Kurt Hoff and Mathi Gurusamy providing for the following promotions and compensation adjustments:
Effective April 1, 2025, Mr. Hoff was promoted to the position of Chief Revenue Officer. In connection with his promotion, Mr. Hoff’s annual base salary has been increased to $375,000.
Effective April 1, 2025, Mr. Gurusamy was promoted to the position of Chief Product and Strategy Officer. In connection with his promotion, Mr. Gurusamy’s annual base salary has been increased to $375,000.
The foregoing descriptions of the Amendments to Offer Letter are summaries, do not purport to be complete and are qualified in their entirety by reference to the Amendments to Offer Letter, which are attached hereto as Exhibits 10.1 and 10.2 and are incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. |
Description | |
| 10.1 | Amendment to Offer Letter, dated as of April 1, 2025, between Kurt Hoff and Lantronix, Inc. | |
| 10.2 | Amendment to Offer Letter, dated as of April 1, 2025, between Mathi Gurusamy and Lantronix, Inc. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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.
| LANTRONIX, INC. | |||
| By: |
/s/ Brent Stringham | ||
Brent Stringham Chief Financial Officer | |||
Date: Apri1 3, 2025
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