LANTRONIX INC - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Lantronix, Inc. on November 20, 2006, reporting events that occurred on November 15, 2006. The filing addresses changes in the company's senior executive leadership.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Departure: Jim Kerrigan retired as Chief Financial Officer and Secretary of the Company on November 15, 2006.
- Appointment: Reagan Y. Sakai was appointed as Chief Financial Officer and Secretary of the Company on November 15, 2006.
Management Commentary and Background
Mr. Sakai, 47, brings 25 years of financial and management experience to the role. His recent background includes serving as CFO of HyPerformix Corporation (April 2005 to November 2006), VIEO Corporation (October 2003 to April 2005), and Crossroads Systems Corporation (May 1999 to January 2003). He holds a BS in Finance and an MBA in Marketing from the University of Colorado at Boulder.
Investor Verification Points
- Confirm the effective date of the CFO transition (November 15, 2006).
- Verify the professional background and tenure of the new CFO, Reagan Y. Sakai.
- Review subsequent filings for any financial impact or strategic shifts resulting from this leadership change.