Lantronix stockholders elect five directors, approve 1.8 million share plan increase
At its November 3, 2026 annual meeting, Lantronix stockholders elected five directors, ratified Baker Tilly US, LLP as auditor, and approved a non-binding advisory vote on executive pay. They also approved raising the share limit of the 2020 Performance Incentive Plan by 1,800,000 shares, to 8,949,047 shares in total, which increases the pool available for equity awards.
Key points
- Annual meeting held November 3, 2026; five nominees elected to serve until the 2027 annual meeting: Saleel Awsare, Sailesh Chittipeddi, Narbeh Derhacobian, Jason Lamb and Kevin Palatnik
- Incentive Plan aggregate share limit increased by 1,800,000 shares to 8,949,047 shares
- Baker Tilly US, LLP ratified as independent registered public accountants for the fiscal year ending June 30, 2027
- Advisory vote approving named executive officer compensation passed; 20,976,854 shares voted for and 205,514 against
The filing
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 November 05, 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.