Lantronix enters cooperation agreement with Chain of Lakes

Lantronix (LTRX) has entered into a cooperation agreement with Lantronix stockholders Chain of Lakes Investment Fund, Haluk Bayraktar and Emre Aciksoz. Under the terms of the agreement, James Auker will be appointed to the Lantronix Board of Directors and will be nominated for election at the Company’s 2025 Annual Meeting of Stockholders. The date of the Annual Meeting has not yet been announced. Pursuant to their agreement with the Company, Chain of Lakes, Bayraktar and Aciksoz have agreed to customary standstill and voting commitments, among other provisions. The full agreement and required information in connection with the election of Mr. Auker to the Board will be filed with the U.S. Securities and Exchange Commission.