Lantronix Inc. Amends Executive Agreements, Raises CEO Salary

What Happened Lantronix, Inc. filed an 8-K on August 27, 2026 announcing amendments to employment agreements for CEO Saleel Awsare and two senior officers. The amendments, entered August 26–27, 2026, increase base salaries effective August 1, 2026 and modify severance restrictions for two officers. Mr. Awsare’s salary was raised to $550,000; Kurt Hoff and Mathi Gurusamy each had their base salary raised to $390,000.

Key Details

• CEO Saleel Awsare: Employment Agreement (originally dated Oct 31, 2023) amended to increase annual base salary to $550,000, effective August 1, 2026.
• CRO Kurt Hoff: Offer Letter (Feb 23, 2024) amended to increase annual base salary to $390,000, effective August 1, 2026, and to remove a prior restriction that limited severance to qualifying terminations within two years of his start date.
• Chief Product & Strategy Officer Mathi Gurusamy: Offer Letter (Apr 2, 2024) amended to increase annual base salary to $390,000, effective August 1, 2026, and to remove the same two‑year severance restriction.
• The filing states these summaries are qualified by the full amendment texts, which are attached as exhibits.

Why It Matters These amendments increase Lantronix’s fixed compensation expense for senior management starting August 1, 2026, and broaden potential severance exposure for two officers by removing a time-limited restriction. For investors, the changes are relevant to assessments of operating expenses, executive retention and governance; the filing does not report any immediate cash payout tied to these amendments.