lantronix_8k-030608.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported)
February
29, 2008
LANTRONIX,
INC.
(Exact
name of registrant as specified in its charter)
DELAWARE
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1-16027
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33-0362767
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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15353
Barranca Parkway
Irvine,
California 92618
(Address
of principal executive offices, including zip code)
(949) 453-3990
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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[_]
Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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[_]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[_]
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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[_]
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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On
February 29, 2008, the Board of Directors (the “Board”) of Lantronix, Inc. (the
“Company”) adopted an amendment to the Company’s 2000 Stock Plan (the “Plan”) to
amend the procedure in which the administrator of the Plan may approve equity
awards for the Company’s board members and to provide clarification with respect
to the exercise of options following a termination. The foregoing description of
the amendment is not complete and is qualified in its entirety by reference to
the full text of the amendment, which is filed herewith as Exhibit 10.1 to this
Current Report on Form 8-K.
On
February 29, 2008, the Compensation Committee of the Board of the Company
approved an option grant to purchase 250,000 shares of the Company’s common
stock for Reagan Sakai, the Company’s chief financial officer. The exercise
price was equal to the fair market value of the Company’s common stock on the
date of grant as listed on the Nasdaq Capital Market.
Item
9.01 Financial
Statements and Exhibits.
(d)
Exhibit
Number
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Description
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10.1
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Amendment
No. 2 to 2000 Stock Plan.
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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.
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Date: March
05, 2008
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LANTRONIX,
INC.,
a
Delaware corporation
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By:
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/s/
Reagan Sakai |
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Reagan
Sakai
Chief
Financial Officer
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LANTRONIX,
INC.
FORM
8-K
INDEX
TO EXHIBITS
Exhibit
Number
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Description
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10.1
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Amendment
No. 2 to 2000 Stock Plan.
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