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Posted 21 November, 2023

LANTRONIX INC appointed new CEO

CEO Change detected for ticker Nasdaq:LTRX in a 8-K filed on 21 November, 2023.


  The board of directors (the "Board") of Lantronix, Inc. (the "Company") has appointed Saleel Awsare, the President and Chief Executive Officer of the Company, as a member of the Board effective as of November 20, 2023, to serve until the Company's 2024 annual meeting of stockholders and until his successor is elected or qualified, or until his earlier death, resignation or removal.  

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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
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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. 


The board of directors (the "Board") of Lantronix, Inc. (the "Company") has appointed Saleel Awsare, the President and Chief Executive Officer of the Company, as a member of the Board effective as of November 20, 2023, to serve until the Company's 2024 annual meeting of stockholders and until his successor is elected or qualified, or until his earlier death, resignation or removal. With the appointment of Mr. Awsare, the Board consists of five directors, four of whom the Board has determined are independent under applicable listing standards of the Nasdaq Stock Market.


There is no arrangement or understanding pursuant to which Mr. Awsare was appointed as a director, and there are no related party transactions between the Company and Mr. Awsare that would require disclosure under Item 404(a) of Regulation S-K. Mr. Awsare has not been appointed to any committee of the Board at this time. As an officer of the Company, Mr. Awsare will not receive any additional compensation for his service as a director.