Lantronix (LTRX) executive compensation, 2025 proxy

Saleel Awsare, Chief Executive Officer, was paid $1.4M in fiscal 2025, down 76% from $6.1M the year before.

Filed
September 24, 2025
Annual meeting
November 4, 2025
Pay year
fiscal 2025
Named executives
3
CEO total pay
$1.4M-76% vs prior year
CEO pay in equity
62%$892,546 in awards
Prior say-on-pay support
87%of votes cast
Kurt Hoff total pay
$724,525Fiscal 2025
Mathi Gurusamy total pay
$698,303Fiscal 2025
CEO stock awards
$892,546Fiscal 2025
CEO target bonus
100%Of annual base salary
Other NEO target bonus
50%Of annual base salary

How Awsare was paid

$1.4M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary35%Bonus3%Stock awards62%All other compensation0%

Named executive officers

ExecutiveTotal
Saleel AwsareChief Executive Officer$1,442,375
Kurt HoffChief Revenue Officer$724,525
Mathi GurusamyChief Product & Strategy Officer$698,303

What changed and why

  • $1.44M$1.44M CEO total compensation in fiscal 2025 fell from $6.09M in fiscal 2024.
  • $893K$892,546 in CEO stock awards represented the largest component of fiscal 2025 reported pay.
  • $136K$136,000 CEO sign-on bonus was paid in installments tied partly to continued employment.
  • 100%100% of base salary was the CEO's initial target annual bonus opportunity.
  • 50%50% of base salary was the initial target annual bonus opportunity for the other named executives.
  • 86.9%86.9% of votes cast supported say-on-pay at the 2024 annual meeting.

Other Lantronix proxy statements

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.