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Lantronix ( (LTRX) ) has provided an announcement.
On February 5, 2025, Lantronix Inc. announced the resignation of Philip Brace from its Board of Directors, as he will assume the role of CEO at Skyworks Solutions Inc. Brace, who joined Lantronix in August 2023, significantly contributed to the company’s governance and operations. As a result of his departure, Lantronix has appointed Kevin Palatnik as Chair of the Compensation Committee and Narbeh Derhacobian as a member of the Audit Committee. The board size has been reduced from five to four members.
More about Lantronix
Lantronix Inc. is a global leader in compute and connectivity IoT solutions, focusing on high-growth markets such as Smart Cities, Enterprise, and Transportation. The company provides customizable solutions to enable AI Edge Intelligence, including Intelligent Substations infrastructure, Infotainment systems, and Video Surveillance, as well as advanced Out-of-Band Management for Cloud and Edge Computing.
YTD Price Performance: -0.37%
Average Trading Volume: 469,591
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $156M
For an in-depth examination of LTRX stock, go to TipRanks’ Stock Analysis page.
