Lantronix Inc.
09/27/2024 | Press release | Distributed by Public on 09/27/2024 06:11
Management Change/Compensation Form 8 K
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 24, 2024, Christa Steele, a member of the Board of Directors (the "Board") of Lantronix, Inc. (the "Company"), notified the Company of her decision not to stand for re-election at the Company's 2024 annual meeting of stockholders (the "Annual Meeting"). Ms. Steele will continue to serve as a director and member of the Audit Committee until the Annual Meeting. Effective as of the date of the Annual Meeting, the size of the Board will be reduced to five directors.
"While Christa's tenure was short, her experience, perspective and contributions were invaluable in supporting the Company during our inflection point," said Saleel Awsare, President and Chief Executive Officer. "On behalf of management and the Board, we wish her well in all her other endeavors."
"The Company has accomplished a great deal in these last several months and I am proud to be a part of the Company during its transition," said Ms. Steele. "I am confident in Lantronix's future under Saleel's leadership. At this time, I must shift my focus to other commitments which demand my attention."
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