UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Resignation of Chief Executive Officer
On May 25, 2023, Paul Pickle informed the Board of Directors (the “Board”) of Lantronix, Inc. (the “Company”) that he will be resigning from his roles as President and Chief Executive Officer of the Company and as a member of the Board to pursue another opportunity as the chief executive officer of Semtech Corporation. Mr. Pickle’s resignation will be effective as of a date, yet to be determined, between June 8, 2023 and June 29, 2023. Until the effective date of his resignation, Mr. Pickle will continue in his current officer and director roles while the Company conducts a search for a new Chief Executive Officer.
Provisional Appointment of Interim Chief Executive Officer
On May 30, 2023, the Company announced that, if a new Chief Executive Officer has not been appointed by Mr. Pickle’s last day with the Company, Jeremy Whitaker, age 53, will serve as interim Chief Executive Officer of the Company until the appointment of a new permanent Chief Executive Officer. Mr. Whitaker will continue 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.
Item 8.01. | Other Events. |
On May 30, 2023, the Company issued a press release regarding the foregoing matters. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. |
Description | |
99.1 104 |
Press Release of the Company, dated as of May 30, 2023. Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LANTRONIX, INC. | |||
By: | /s/ Jeremy Whitaker | ||
Jeremy Whitaker Chief Financial Officer |
Date: May 30, 2023
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