SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G/A*
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 2)
LANTRONIX, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
516548104
(CUSIP Number)
December 31, 2004
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(Page 1 of 10 Pages)
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*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934 ("Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 516548104 13G Page 2 of 10 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Empire Capital Partners, L.P.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
3,059,864
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,059,864
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,059,864
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.2%
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(12) TYPE OF REPORTING PERSON **
PN
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CUSIP No. 516548104 13G Page 3 of 10 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Empire GP, L.L.C.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
3,059,864
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,059,864
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,059,864
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.2%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
OO
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CUSIP No. 516548104 13G Page 4 of 10 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Empire Capital Management L.L.C.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
3,375,717
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,375,717
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,375,717
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.8%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
OO
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CUSIP No. 516548104 13G Page 5 of 10 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Scott A. Fine
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
6,435,581
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
6,435,581
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
6,435,581
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
11.0%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
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CUSIP No. 516548104 13G Page 6 of 10 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Peter J. Richards
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
6,435,581
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
6,435,581
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
6,435,581
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
11.0%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
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CUSIP No. 516548104 13G Page 7 of 10 Pages
Item 1(a). Name of Issuer:
The name of the issuer is LANTRONIX, INC.(the "Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
The Company's principal executive offices are located at 15353 Barranca
Parkway Irvine, CA 92618
Item 2(a). Name of Person Filing:
This statement is filed by:
(i) Empire Capital Partners, L.P., a Delaware limited partnership
("Empire Capital"), with respect to the shares of Common Stock
(as defined below) directly owned by it;
(ii) Empire GP, L.L.C., a Delaware limited liability company
("Empire GP"), with respect to the shares of Common Stock
directly owned by Empire Capital;
(iii) Empire Capital Management, L.L.C., a Delaware limited liability
company with respect to shares of Common Stock directly owned by
Empire Capital Partners, Ltd., Empire Capital Partners II, Ltd.
(the "Empire Overseas Funds"), Charter Oak Partners, L.P. and
Charter Oak Partners II, L.P. (the "Charter Oak Funds")
(iv) Mr. Scott A. Fine ("Mr. Fine") with respect to the shares of Common
Stock directly owned by Empire Capital, the Empire Overseas Funds
and the Charter Oak Funds; and
(iv) Mr. Peter J. Richards ("Mr. Richards") with respect to the shares
of Common Stock directly owned by Empire Capital, The Empire
Overseas Funds and the Charter Oak Funds.
The foregoing persons are hereinafter sometimes collectively
referred to as the "Reporting Persons." Any disclosures herein with
respect to persons other than the Reporting Persons are made on
information and belief after making inquiry to the appropriate party.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business and principal office of Empire
Capital and Empire GP is 1 Gorham Island, Westport, CT 06880. The business
address of Messrs. Fine and Richards is 1 Gorham Island, Westport, CT 06880.
Item 2(c). Citizenship:
Empire Capital is a limited partnership organized under the laws of the
State of Delaware. Empire GP is a limited liability company organized under the
laws of the State of Delaware. Messrs. Fine and Richards are each a United
States citizen.
Item 2(d). Title of Class of Securities:
Common Stock (the "Common Stock")
Item 2(e). CUSIP Number:
516548104
CUSIP No. 516548104 13G Page 8 of 10 Pages
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the
Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of
the Act,
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940,
(e) [ ] Investment Adviser in accordance with Rule
13d-1 (b)(1)(ii)(E),
(f) [ ] Employee Benefit Plan or Endowment Fund in accordance
with 13d-1 (b)(1)(ii)(F),
(g) [ ] Parent Holding Company or control person in accordance
with Rule 13d-1 (b)(1)(ii)(G),
(h) [ ] Savings Association as defined in Section 3(b) of the
Federal Deposit Insurance Act,
(i) [ ] Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act of 1940,
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to 13d-1(c), check this box: [x]
Item 4. Ownership.
A. Empire Capital Partners, L.P. and Empire GP, L.L.C.
(a) Amount beneficially owned: 3,059,864
(b) Percent of class: 5.2%. The percentages used herein and in the
rest of Item 4 are calculated based upon the 58,238,149
shares of Common Stock issued and outstanding on January 21,
2005 as reflected in the Company's Form 10-Q filed on
February 14, 2005.
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 3,059,864
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 3,059,864
Empire Capital has the power to dispose of and the power to vote the
shares of Common Stock beneficially owned by it, which power may be exercised by
its general partner, Empire GP. Empire GP does not directly own any shares of
Common Stock. By reason of the provisions of Rule 13d-3 of the Securities
Exchange Act of 1934 (the "Act"), Empire GP may be deemed to own beneficially
the shares owned by Empire Capital.
CUSIP No. 516548104 13G Page 9 of 10 Pages
B. Empire Capital Management, L.L.C.
(a) Amount beneficially owned: 3,375,717
(b) Percent of class: 5.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 3,375,717
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
3,375,717
The Empire Overseas Funds have the power to dispose of and the power to vote the
shares of Common Stock beneficially owned by them, which power may be exercised
by their investment manager, Empire Management. Empire Management does not
directly own any shares of Common Stock. By reason of the provisions of Rule
13d-3 of the Securities Exchange Act of 1934 (the "Act"), Empire Management may
be deemed to own beneficially the shares owned by Empire Capital Offshore.
C. Scott A. Fine and Peter J. Richards
(a) Amount beneficially owned: 6,435,581
(b) Percent of class: 11%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 6,435,581
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
6,435,581
Messrs. Fine and Richards, as Members, direct the operations of
Empire GP and Empire Capital Management, L.L.C. Neither Mr. Fine nor Mr.
Richards directly own any shares of Common Stock. By reason of the provisions of
Rule 13d-3 of the Act, each may be deemed to beneficially own the shares of
Common Stock beneficially owned by Empire Capital, the Empire Overseas Funds and
the Charter Oak Funds.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The Empire Overseas Funds and the Charter Oak Funds, clients of Empire
Capital management L.L.C., have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the securities
reported on this Schedule 13G.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
CUSIP No. 516548104 13G Page 10 of 10 Pages
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Each of the Reporting Persons hereby makes the following certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: March 4, 2005
By: /s/ Scott A. Fine
------------------------------
Scott A. Fine, individually, as
member of Empire GP, L.L.C., general
partner of Empire Capital Partners, L.P.
as member of Empire Capital
Management, LLC
By: /s/ Peter J. Richards
-----------------------------
Peter J. Richards, individually, and as
member of Empire GP, L.L.C., general
partner of Empire Capital Partners, L.P.