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AI brief of an SEC Form 8-K · LANTRONIX INC (LTRX)

Lantronix raises CEO, CRO and product chief base salaries effective August 1, 2026

Neutral Impact 2 of 5 leadership Written later

Lantronix amended the employment or offer-letter agreements of CEO Saleel Awsare, Chief Revenue Officer Kurt Hoff and Chief Product & Strategy Officer Mathi Gurusamy, raising their annual base salaries effective August 1, 2026. The amendments also remove the two-year limit on severance for Hoff and Gurusamy, so their severance rights are no longer restricted to a qualifying termination within that window.

Key points

  • CEO Saleel Awsare's annual base salary increased to $550,000, effective August 1, 2026
  • Kurt Hoff and Mathi Gurusamy each have annual base salaries of $390,000, effective August 1, 2026
  • Severance restriction limiting payment to a qualifying termination within two years of start date no longer applies to Hoff or Gurusamy
  • Amendments dated August 26, 2026; filed in an 8-K signed August 27, 2026 by CFO Brent Stringham

The filing

CompanyLANTRONIX INC (LTRX)
Form8-K, current report
Filed with the SECAug 27, 2026, 4:54 PM ET
Accession number0001683168-26-006750

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 27, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.