Wayne R. Hellman and Sabu Krishnan have resigned from the board of directors of Fiberstars Inc., Fremont, Calif. Hellman is chief executive officer of Advanced Lighting Technologies Inc. (ADLT), and Krishnan is chief operating officer of ADLT.
Their service on the Fiberstars board filled the two seats contractually associated with a substantial position in Fiberstars stock once held by ADLT. Because ADLT no longer owns a substantial position in Fiberstars shares, the contractual agreement for the two board seats is void.