Dennis McGill Resigns as CFO of Lighting Science Group

Yet more changes at LSG.

Effective as of December 16, 2014, Dennis McGill resigned as Interim Chief Financial Officer of the Company. No further details are as yet available.


In other LSG news,

On December 11, 2014, the board of directors (the “Board”) of Lighting Science Group Corporation (the “Company”) increased the number of directors comprising the Board from ten (10) directors to eleven (11) directors and appointed Mr. Edward Bednarcik, the current Chief Executive Officer of the Company, to fill the vacancy created by the increase in the size of the Board. Mr. Bednarcik will serve on the Board until the next annual meeting of stockholders or his earlier resignation or removal. The Board has not appointed Mr. Bednarcik to serve on any committees of the Board.

Mr. Bednarcik, 57, was appointed Chief Executive Officer of the Company effective as of September 8, 2014. He previously served as chief executive officer and president of VideoIQ, an enterprise software company, from 2011 to January 2014, when VideoIQ was sold to Avigilon Corp., a company that is publicly traded on the Toronto Stock Exchange. From 2007 to 2011, Mr. Bednarcik served as chief executive officer and president of Wright Line LLC, a supplier of innovative data center solutions for government and commercial customers. Mr. Bednarcik transitioned out of his position at Wright Line LLC after the company was sold to Eaton Corporation Plc, a company that is publicly traded on the New York Stock Exchange, in August 2010. Mr. Bednarcik was vice president and general manager of A123 Systems, LLC, a company focused on high power lithium ion battery solutions for hybrid electric vehicle transportation, from 2005 to 2007. From 1997 to 2005, Mr. Bednarcik was with American Power Conversion Corporation, a provider of integrated solutions to large- and small-scale data centers, where he served as general manager of the network solutions division from 1997 to 1999, vice president and general manager of the business network solutions group from 2000 to 2002 and vice president of global sales from 2003 to 2005. Since 2012, Mr. Bednarcik has served on the board of directors and audit and compensation committees of Raritan Inc., a privately held company providing power distribution solutions to enterprise clients globally. Mr. Bednarcik holds a Bachelor of Science degree from the University of Rhode Island.

Mr. Bednarcik will not receive any additional compensation for his services as a director of the Company.

19 Dec