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Posted 03 July, 2023

LANTRONIX INC appointed Jeremy Whitaker as new CEO

Nasdaq:LTRX appointed new Chief Executive Officer Jeremy Whitaker in a 8-K filed on 03 July, 2023.


  Effective as of June 30, 2023, the Board of Directors (the "Board") of Lantronix, Inc. (the "Company") has appointed Jeremy Whitaker to serve as interim Chief Executive Officer of the Company, while the Board continues its search and evaluation of candidates for a permanent position.  

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Overview of LANTRONIX INC
Technology • Networking
Lantronix, Inc. engages in the provision of software as a service (SaaS), engineering services, and hardware for Edge Computing, the Internet of Things (IoT), and Remote Environment Management (REM). Its products and solutions include IoT, REM and Other. The company was founded by Bernhard Bruscha in June 1989 and is headquartered in Irvine, CA.
Market Cap
$149M
View Company Details
LANTRONIX INC by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Appointment of Interim Chief Executive Officer


Effective as of June 30, 2023, the Board of Directors (the "Board") of Lantronix, Inc. (the "Company") has appointed Jeremy Whitaker to serve as interim Chief Executive Officer of the Company, while the Board continues its search and evaluation of candidates for a permanent position. Mr. Whitaker assumes the role from Paul Pickle, who, as previously disclosed, resigned from his roles as President and Chief Executive Officer of the Company and as a member of the Board at a date then yet to be determined between June 8, 2023 and June 29, 2023. Mr. Pickle's final day with the Company was June 29, 2023.


Mr. Whitaker, age 53, also continues to serve as Chief Financial Officer of the Company, a position he has held since September 2011. Before joining the Company as Chief Financial Officer, Mr. Whitaker served as Vice President, Corporate Controller at Mindspeed Technologies, a supplier of semiconductor solutions for network infrastructure applications, from January 2011 to September 2011. Prior to that, Mr. Whitaker served in a number of finance and accounting roles at Lantronix, including as Vice President of Finance and Accounting from September 2010 to January 2011, where he was responsible for managing all worldwide finance and accounting functions, as well as Senior Director of Finance and Accounting from February 2006 to September 2010 and Director of Finance and Accounting from August 2005 to February 2006. Prior to that, Mr. Whitaker held vice president and director level finance and accounting positions with two publicly-traded companies and worked in the assurance practice at Ernst & Young LLP for six years.


Effective as of July 3, 2023, Mr. Whitaker's annual salary has been increased from $250,000 to $300,000.


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