Lantronix Inc. announced on June 30, 2025, that it has entered into a cooperation agreement with an investor group led by Chain of Lakes Investment Fund LLC, along with Haluk L. Bayraktar and Emre Aciksoz. Under the terms of the agreement, James (Jim) C. Auker will be appointed to the Lantronix Board of Directors.
Jim Auker will also be nominated for election at the company’s 2025 Annual Meeting of Stockholders. This agreement reflects Lantronix's commitment to maximizing value for all shareholders and follows constructive discussions with the investor group.
Pursuant to the agreement, Chain of Lakes and the other investors have agreed to customary standstill and voting commitments. This resolution of potential shareholder engagement is intended to provide stability and focus for the company's strategic priorities.
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