Lantronix CEO Resigns

CFO Reagan Y. Sakai named interim CEO

September 26, 2007

1 Min Read
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IRVINE, Calif. -- Lantronix, Inc.

(Nasdaq:LTRX), a leader in device networking and data center management technologies, today announced the resignation of President and Chief Executive Officer Marc Nussbaum effective September 24, 2007. The Board has formed a search committee to find a new permanent CEO. In the meantime, the Board has appointed Chief Financial Officer Reagan Y.

Sakai to assume the role of interim Chief Executive Officer while the search is conducted.

HK Desai, Chairman of the Board of Lantronix, stated, "Under Marc's leadership since 2002, we have made great progress in turning around Lantronix and positioning our business for strategic growth. We appreciate Marc's commitment and many contributions, and we wish him the best in his future endeavors."

"I have enjoyed the opportunity to lead this company over the past five years and I have achieved my goals for transitioning this company to be an effective competitor in the M2M market," said Mr. Nussbaum. "I am confident in Lantronix' continued growth and development."

Lantronix Inc.

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