SPIRO C. LAZARAKIS - Corporate Board Profile

DIGI INTERNATIONAL INC

Filing Date	Source Excerpt
2015-12-11	Spiro C. Lazarakis, age 60. Mr. Lazarakis joined our Board of Directors in July, 2015. ... Mr. Lazarakis also serves as a director of Western Technology Investment Venture Lending & Leasing VIII, LLC. ... Our Audit Committee presently consists of Messrs. Jackson (Chairman), Lazarakis, Priesmeyer and Rishi and Dr. Khanuja. ... We have a Compensation Committee presently consisting of Messrs. Nawaz (Chairman), Jackson, Lazarakis and Rishi. ... Director Compensation for Fiscal 2015: Spiro C. Lazarakis, Fees Earned or Paid in Cash $13,500, Stock Awards $100,000, Total $113,500.
2016-12-16	Spiro C. Lazarakis, age 61 Mr. Lazarakis has served as a member of our Board of Directors since July 2015... Mr. Lazarakis’ experience qualifies him as an Audit Committee financial expert... Our Audit Committee presently consists of Messrs. Lazarakis (Chairman), Priesmeyer and Rishi and Dr. Khanuja... We have a Compensation Committee presently consisting of Messrs. Nawaz (Chairman), Lazarakis and Rishi... The following table summarizes compensation provided to each non-employee director for services provided during fiscal 2016... Spiro C. Lazarakis Fees Earned or Paid in Cash $60,750, Stock Awards $85,008, Total $145,758.
2017-12-08	Spiro C. Lazarakis, age 62. Mr. Lazarakis has served as a member of our Board of Directors since July 2015... Mr. Lazarakis' experience qualifies him as an Audit Committee financial expert... The following table summarizes compensation provided to each non-employee director for services provided during fiscal 2017: Spiro C. Lazarakis Fees Earned or Paid in Cash $63,000, Stock Awards $91,976, Total $154,976.
2018-12-14	Spiro C. Lazarakis, age 63 Mr. Lazarakis has served as a member of our Board of Directors since July 2015... Mr. Lazarakis' experience qualifies him as an Audit Committee financial expert. Our Audit Committee presently consists of Mr. Heim, Dr. Khanuja, Mr. Lazarakis (Chair) and Ms. Smith... We have a Compensation Committee presently consisting of Messrs. Lazarakis and Nawaz (Chair) and Ms. Smith... Director Compensation for Fiscal 2018 The following table summarizes compensation provided to each non-employee director for services provided during fiscal 2018. Spiro C. Lazarakis 151,586
2019-12-20	Mr. Lazarakis has served as a member of our Board since July 2015. ... The Audit Committee presently consists of Mr. Heim, Dr. Khanuja, Mr. Lazarakis (Chair) and Ms. Smith. ... The Compensation Committee presently consists of Messrs. Lazarakis and Naguib and Ms. Smith (Chair). ... The following table summarizes compensation provided to each non-employee director for services provided during fiscal 2019: ... Spiro C. Lazarakis 63,000 fees earned or paid in cash, 132,088 stock awards, total 195,088.
2020-12-18	Spiro C. Lazarakis, age 65 Mr. Lazarakis has served as a member of our Board since July 2015 ... Mr. Lazarakis also serves as a director of Venture Lending & Leasing VIII, LLC ... Our Audit Committee presently consists of Mr. Heim, Dr. Khanuja, Mr. Lazarakis (Chair) and Ms. Smith ... We have a Compensation Committee presently consisting of Messrs. Lazarakis and Naguib and Ms. Smith (Chair) ... Director Compensation for Fiscal 2020 ... Spiro C. Lazarakis Fees Earned or Paid in Cash 31,500 Stock Awards 132,806 Total 164,306
2021-12-16	Spiro C. Lazarakis, age 66 Mr. Lazarakis has served as a member of our Board since July 2015. He served in various roles at Ernst & Young LLP from 1989 until his retirement in July 2015 including most recently as lead partner in charge of audit services for a number of technology companies. Mr. Lazarakis was one of the most experienced assurance partners in Ernst & Young’s Northern California Technology practice. He has over 35 years of experience serving technology companies, ranging from large multinationals to smaller, pre-public growth companies and venture-backed start-up entities. He focused on serving companies in the Internet, software, networking, Software-as-a-Service and semiconductor sectors. He served Blue Coat Systems, Juniper Networks and Infoblox among others during his career. Mr. Lazarakis also serves as a director of each of Venture Lending & Leasing VIII, LLC and Venture Lending and Leasing X, LLC, providers of debt and equity financing to early and late stage venture capital backed technology companies. Our Audit Committee presently consists of Mr. Heim, Dr. Khanuja, Mr. Lazarakis (Chair) and Ms. Smith. Our Board has determined that all members of the Audit Committee are “independent” as that term is defined in the applicable Nasdaq listing standards and regulations of the SEC. The Board has determined that all members are financially literate as required by the applicable Nasdaq listing standards. The Board has determined that Mr. Lazarakis and Ms. Smith are each an “audit committee financial expert” as defined by applicable regulations of the SEC. We have a Compensation Committee presently consisting of Messrs. Lazarakis and Naguib and Ms. Smith (Chair). Our Board has determined that all members of the Compensation Committee are “independent” as that term is defined in the applicable Nasdaq listing standards. The table below summarizes compensation provided to each non-employee director for services provided during fiscal 2021. Spiro C. Lazarakis: Fees Earned or Paid in Cash: $63,000, Stock Awards: $179,194, Total: $242,194.
2022-12-12	Mr. Lazarakis has served as a member of our Board since July 2015. ... Our Audit Committee presently consists of Mr. Heim, Dr. Khanuja, Mr. Lazarakis (Chair) and Ms. Smith. ... We have a Compensation Committee presently consisting of Messrs. Lazarakis and Naguib and Ms. Smith (Chair). ... The table below summarizes compensation provided to each non-employee director for services provided during fiscal 2022. Spiro C. Lazarakis received $63,000 in fees and $107,267 in stock awards, totaling $170,267.
2023-12-08	Spiro C. Lazarakis, age 68. Mr. Lazarakis has served as a member of our Board since July 2015. ... Mr. Lazarakis was one of the most experienced assurance partners in Ernst & Young’s Northern California Technology practice. ... Our Audit Committee presently consists of Mr. Heim, Dr. Khanuja, Mr. Lazarakis (Chair) and Ms. Smith. ... We have a Nominating and Governance Committee, presently consisting of Ms. Smith (Chair), and Messrs. Lazarakis and Naguib. ... The table below summarizes compensation provided to non-employee directors for services provided during fiscal 2023. Spiro C. Lazarakis: Fees Earned or Paid in Cash $74,000, Stock Awards $118,057, Total $192,057.
2024-12-13	Spiro C. Lazarakis, age 69 Mr. Lazarakis has served as a member of the Board since July 2015. ... Mr. Lazarakis’ experience qualifies him as an Audit Committee financial expert. Our Audit Committee presently consists of Mr. Heim, Dr. Khanuja, Mr. Lazarakis (Chair) and Ms. Smith. The table below summarizes compensation provided to non-employee directors for services provided during fiscal 2024. Spiro C. Lazarakis: Fees Earned or Paid in Cash $75,000, Stock Awards $128,283, Total $203,283.