Lantronix Executives Receive Pay Hikes and New Severance Deals
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Lantronix Executives Receive Pay Hikes and New Severance Deals

The latest announcement is out from Lantronix (LTRX).

Lantronix, Inc. has announced salary increases for two top executives, with the CFO’s base salary rising to $351,000 and the VP of Engineering’s to $292,423, starting July 1, 2024. Alongside this, the company has secured a new Change in Control Agreement with the CFO, ensuring he receives severance benefits including a year’s salary and bonus, and health coverage for himself and his dependents for 12 months post-termination, under certain conditions following a change in company control.

For detailed information about LTRX stock, go to TipRanks’ Stock Analysis page.

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