180 Degree Capital notes agreement with Lantronix for director nominations

180 Degree Capital Corp. noted its cooperation agreement with Lantronix, to include Narbeh Derhacobian and Kevin Palatnik as director nominees at LTRX‘s upcoming 2024 Annual Meeting of Stockholders. “As long-time, supportive investors in LTRX, we would like to thank Saleel Awsare, LTRX’s Chief Executive Officer, and LTRX’s board of directors for constructive engagement over the past months that led to today’s announcement of the Agreement,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. “We call ourselves constructive activists for exactly this reason. We are not looking to create disruptions in the businesses of our investee companies. We seek to work with our investee management teams and boards of directors to unlock value for all stakeholders of the business, including 180 Degree Capital.”