LANTRONIX INC - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated November 16, 2011, reports on the results of Lantronix, Inc.'s annual meeting of stockholders held on that date. The meeting addressed the election of directors and the ratification of independent auditors.
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 corporate governance voting results.
Material Changes
No material financial changes are reported in this filing. The primary event is the successful approval of all shareholder proposals.
Outlook, Risks, and Voting Results
On November 16, 2011, 9,779,702 shares were represented at the meeting, constituting a quorum. All proposals were approved:
- Proposal 1 (Election of Directors): Four directors were elected to serve until the 2012 Annual Meeting.
- Bernhard Bruscha: 4,125,140 For; 766,954 Withheld.
- Hoshi Printer: 4,124,140 For; 767,954 Withheld.
- John Rehfeld: 4,515,153 For; 376,941 Withheld.
- Thomas Wittenschlaeger: 4,049,309 For; 842,785 Withheld.
- Proposal 2 (Ratification of Auditors): McGladrey & Pullen, LLP was ratified as the independent registered public accountant for the fiscal year ending June 30, 2012.
- For: 9,735,367
- Against: 24,837
- Abstain: 19,266
Investor Verification Checklist
- Verify the tenure of the newly elected directors (Bernhard Bruscha, Hoshi Printer, John Rehfeld, Thomas Wittenschlaeger).
- Confirm the appointment of McGladrey & Pullen, LLP as the auditor for the fiscal year ending June 30, 2012.
- Review the 2011 Proxy Statement and Form 10-K for detailed financial performance data not included in this 8-K.