- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 5, 2001
LANTRONIX, INC.
______________
(Exact name of registrant as specified in its charter)
Delaware 333-37508 33-0362767
- ------------------------------ -------------- -----------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
15353 Barranca Parkway
Irvine, CA
92618
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (949) 453-3990
________________________________________________
(Former name or former address, if changed since last report)
- --------------------------------------------------------------------------------
Item 5. Other Events
On March 21, 2001, Lantronix, Inc. ("Lantronix") announced it had
entered into an agreement whereby pursuant to an Agreement and Plan of
Reorganization, dated as of March 21, 2001 (the "Agreement"), by and among
Lantronix, Premise Acquisition Corporation, a Delaware corporation and a wholly-
owned subsidiary of Lantronix ("Merger Sub"), Premise Systems, Inc., an Iowa
corporation ("Premise"), certain principal shareholders of Premise (the
"Principal Shareholders"), Chase Manhattan Bank and Trust Company, National
Association, as escrow agent and James A.S. Lewis, as shareholder agent,
Lantronix will acquire Premise through the statutory merger of Premise with and
into Merger Sub. In addition, Lantronix has agreed to invest Two Million Dollars
($2,000,000) in Premise in return for shares of Premise's Series A Preferred
Stock.
A copy of the Agreement, excluding the schedules and exhibits thereto,
is included herein as Exhibit 5.1. Such Agreement is incorporated by reference
into this Item 5.
Item 7. Financial Statements and Exhibits
(c) Exhibits
The following exhibits are filed herewith:
5.1 Agreement and Plan of Reorganization, dated March 21, 2001, by
and among Lantronix, Inc., Premise Acquisition Corporation,
Premise Systems, Inc., certain principal shareholders of
Premise Systems, Inc., Chase Manhattan Bank and Trust Company,
National Association and James A.S. Lewis.
-2-
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LANTRONIX, INC.
Date: April 5, 2001 By: /s/ Steven V. Cotton
-----------------------------
Steven V. Cotton
Chief Financial Officer
-3-
EXHIBIT INDEX
-------------
5.1 Agreement and Plan of Reorganization, dated March 21, 2001, by
and among Lantronix, Inc., Premise Acquisition Corporation,
Premise Systems, Inc., certain principal shareholders of Premise
Systems, Inc., Chase Manhattan Bank and Trust Company, National
Association and James A.S. Lewis.
-4-