As filed with the Securities and Exchange Commission on September 13, 2006
Registration No. 333-______
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
 
LANTRONIX, INC.
(Exact name of Registrant as specified in its charter)
 
Delaware
  
33-0362767
(State or other jurisdiction of
incorporation or organization)
  
(I.R.S. Employer
Identification Number)
 
15353 Barranca Parkway
Irvine, California 92618
  
(Address, including zip code, of Registrant's principal executive offices)
  
 
2000 Employee Stock Purchase Plan
2000 Stock Plan
 
(Full title of the plan)
 
Marc Nussbaum
Chief Executive Officer
Lantronix, Inc.
15353 Barranca Parkway
Irvine, California 92618
(949) 453-3990
(Name, address, including zip code, and telephone number, including area code, of agent for service)
 
 
Copies to:
  


John T. Sheridan, Esq.
  
William R. Black, Esq.
John Turner, Esq.
  
Lantronix, Inc.
Wilson Sonsini Goodrich & Rosati, PC
  
15353 Barranca Parkway
650 Page Mill Road
  
Irvine, California 92618
Palo Alto, California 94304
  
(949) 453-3990
(650) 493-9300
    
 
 
 
 
 
 
 
CALCULATION OF REGISTRATION FEE
Title of Securities to
be Registered
Amount
to be
Registered(1)
Proposed Maximum
Offering Price
Per Share(2)
Proposed Maximum
Aggregate Offering Price
Amount of
Registration Fee
 
Common Stock, $0.0001 par value, reserved for future issuance under the 2000 Employee Stock Purchase Plan
 
150,000
 
$1.465
 
$219,750.00
 
$23.51
 
Common Stock, $0.0001 par value, reserved for future issuance under the 2000 Stock Plan
 
2,000,000
 
$1.465
 
$2,930,000.00
 
$313.51
 
(1)
Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of the Registrant’s common stock that become issuable under the 2000 Employee Stock Purchase Plan and 2000 Stock Plan by reason of any stock dividend, stock split, recapitalization or other similar transaction affected without the receipt of consideration that increases the number of the Registrant’s outstanding shares of common stock.
(2)
The proposed maximum offering price per share was determined pursuant to Rule 457(c) and Rule 457(h) of the Securities Act of 1933, solely for purposes of calculating the registration fee, to be equal to $1.465 per share, the average of the high and low price of the Registrant’s common stock, as reported on The NASDAQ Capital Market on September 12, 2006. 
 


 
 
 

 
REGISTRATION STATEMENT ON FORM S-8
 
PART II
 
INFORMATION REQUIRED IN REGISTRATION STATEMENT

Explanatory Note

This Registration Statement is filed with respect to additional shares of common stock that may be issued under the Registrant's 2000 Employee Stock Purchase Plan and 2000 Stock Plan as a result of certain automatic annual increases in the number of authorized shares for issuance under the plans.
 
ITEM 3: INCORPORATION OF DOCUMENTS BY REFERENCE.

There are hereby incorporated by reference into this Registration Statement and into the Prospectuses relating to this Registration Statement pursuant to Rule 428, the following documents and information previously filed with the Securities and Exchange Commission (the “Commission”):

 
1.
Registrant’s Annual Report on Form 10-K for the fiscal year ended June 30 2006, as filed with the Commission on September 12, 2006.
 
 
2.
Registrant’s Current Reports on Form 8-K as filed with the SEC on July 7, 2006, August 17, 2006, August 22, 2006 and September 5, 2006.
 
 
3.
The description of the Registrant's Common Stock contained in the Registrant's Registration Statement on Form 8-A, filed with the Commission on August 2, 2000, filed pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
 
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered under this Registration Statement have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement from the date of filing of such documents.

Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such earlier statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
 
ITEM 4. DESCRIPTION OF SECURITIES.
 
Not applicable.
 
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
 
Not applicable.
 
 
 
 
 
 
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
 
The Registrant's Certificate of Incorporation limits the liability of directors to the maximum extent permitted by Delaware law. Section 145 of the Delaware General Corporation Law authorizes a court to award, or a corporation’s board of directors to grant, indemnity to officers, directors and other corporate agents in terms sufficiently broad to permit such indemnification under certain circumstances and subject to certain limitations.

The Registrant's Bylaws provide that the Registrant shall indemnify its officers and directors and may indemnify its employees and other agents to the fullest extent permitted by law. The Registrant believes that indemnification under its Bylaws covers at least negligence and gross negligence on the part of indemnified parties. The Registrant's Bylaws also permit it to secure insurance on behalf of any officer, director, employee or other agent for any liability arising our of his or her actions in such capacity, regardless of whether the Bylaws would permit indemnification.

The Registrant has entered into agreements to indemnify its directors and officers, in addition to the indemnification provided for in the Registrant's Bylaws. These agreements, among other things, indemnify the Registrant's directors and officers for certain expenses (including attorneys' fees), judgments, fines and settlement amounts incurred by any such person in any action or proceeding, including any action by or in the right of the Registrant, arising out of such person's services as a director or officer of the Registrant, any subsidiary of the Registrant or any other company or enterprise to which the person provides services at the request of the Registrant. The Registrant believes that these provisions and agreements are necessary to attract and retain qualified persons as directors and officers.
 
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
 
Not applicable.
 
ITEM 8. EXHIBITS.

Exhibit Number
  
Description
4.1 (1)
  
2000 Employee Stock Purchase Plan, amended and restated as of November 18, 2004.
4.2 (2)
  
2000 Stock Plan and forms of agreement.
4.3 (3)
  
2000 Stock Plan Amendment I dated as of January 3, 2004.
5.1
  
Opinion of Wilson Sonsini Goodrich & Rosati, P.C., as to legality of securities being registered.
23.1
  
Consent of Independent Registered Public Accounting Firm, McGladrey & Pullen, LLP.
23.2
  
Consent of Independent Registered Public Accounting Firm, Ernst & Young LLP
23.3
  
Consent of Counsel (contained in Exhibit 5.1).
24.1
  
Power of Attorney (contained on signature pages of this registration statement).
________

(1)
Incorporated by reference to the Exhibits filed with the Company’s Registration Statement on Form S-8 filed with the SEC on December 6, 2004.
 
(2)
Incorporated by reference to the Exhibits filed with the Company’s Registration Statement on Form S-8 filed with the SEC on February 24, 2003.
 
(3)
Incorporated by reference to the Exhibits filed with the Company’s Registration Statement on Form S-8 filed with the SEC on February 24, 2003.
 
 
 
 
 
 
ITEM 9. UNDERTAKINGS
 
(a) The undersigned registrant hereby undertakes:
 
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
 
(i) to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
 
(ii) to reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement;
 
(iii) to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to the information in the Registration Statement;
 
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.
 
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
 
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
 
(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
 
(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
 


 
 
 


 
SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Irvine, State of California, on this September 12, 2006.
 
     
  LANTRONIX, INC.
 
 		  
 		  
 
  By:   /s/ Marc H. Nussbaum
 
 
Marc H. Nussbaum
Chief Executive Officer
 
 
POWER OF ATTORNEY
 
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Marc H. Nussbaum and James W. Kerrigan, jointly and severally, as his/her attorneys-in-fact, each with the power of substitution, for him/her in any and all capacities, to sign any amendments to this Registration Statement on Form S-8, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or his/her substitute or substitutes, may do or cause to be done by virtue hereof.
 
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated:

Signature
  
Title
  
Date
 
/s/ Marc H. Nussbaum
Marc H. Nussbaum
  
 
President and Chief Executive Officer (Principal Executive Officer)
 
 
September 12, 2006
 
/s/ James W. Kerrigan
James W. Kerrigan
  
 
Chief Financial Officer and Secretary (Principal Financial Officer and Accounting Officer)
  
 
September 12, 2006
 
/s/ H.K. Desai
H.K. Desai
  
 
Chairman of the Board of Directors
  
 
September 12, 2006
 
/s/ Kathryn Braun Lewis
Kathryn Braun Lewis
  
 
Director
  
 
September 12, 2006
 
/s/ Howard T. Slayen
Howard T. Slayen
  
 
Director
  
 
September 12, 2006
 
/s/ Thomas W. Burton
Thomas W. Burton
  
 
Director
  
 
September 12, 2006
 


 
 
 

 
Exhibit Index
 
Exhibit Number
  
Description
4.1 (1)
  
2000 Employee Stock Purchase Plan, amended and restated as of dated as of November 18, 2004.
4.2 (2)
  
2000 Stock Plan and forms of agreement.
4.3 (3)
  
2000 Stock Plan Amendment I dated as of January 3, 2004.
5.1
  
Opinion of Wilson Sonsini Goodrich & Rosati, P.C., as to legality of securities being registered.
23.1
  
Consent of Independent Registered Public Accounting Firm, McGladrey & Pullen, LLP.
23.2
  
Consent of Independent Registered Public Accounting Firm, Ernst & Young LLP
23.3
  
Consent of Counsel (contained in Exhibit 5.1).
24.1
  
Power of Attorney (contained on signature pages of this registration statement).
___________
(1) Incorporated by reference to the Exhibits filed with the Company’s Registration Statement on Form S-8 filed with the SEC on December 6, 2004.
(2) Incorporated by reference to the Exhibits filed with the Company’s Registration Statement on Form S-8 filed with the SEC on February 24, 2003.
(3) Incorporated by reference to the Exhibits filed with the Company’s Registration Statement on Form S-8 filed with the SEC on February 24, 2003.