Leadership & Pay ·
Lantronix amended employment agreements for CEO Saleel Awsare and CRO Kurt Hoff to increase their annual base salaries…
LTRXLantronix Inc
Lantronix amended employment agreements for CEO Saleel Awsare and CRO Kurt Hoff to increase their annual base salaries to $550,000 and $390,000 respectively, effective August 1, 2026. The amendments also removed two-year severance restrictions for both executives. Additionally, the company amended its Chief Product & Strategy Officer Mathi Gurusamy’s offer letter to raise his annual base salary to $390,000, effective August 1, 2026, while removing a similar two-year severance restriction. These changes reflect adjustments to executive compensation packages and termination protections for key leadership personnel. Lantronix operates in the technology industry, providing IoT connectivity solutions.