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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): November 13, 2006
FIBERSTARS, INC.
(Exact name of registrant as specified in its charter)
California 0-24230 94-3021850
(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation) File Number) Identification Number)
32000 Aurora Road
Solon, Ohio 44139
(Address of principal executive offices) (Zip Code)
(440) 715-1300
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240-13e-4(c))
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Item 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS
On November 13, 2006, Eric Hilliard was appointed Chief Operational Officer of
Fiberstars, Inc. Prior to joining Fiberstars, Mr. Hilliard was the Business
Manager for the composite flight structures business, of the Aerospace Business
of Saint Gobain, from 2003 until joining Fiberstars. In this role, he had full
P&L responsibility, improving gross margins and increasing top line sales
through fixed overhead cost reductions and a focused sales strategy based on
listening to the "voice of the customer." Prior to joining Saint Gobain, Eric
was at Goodrich Aerospace, from 1996, where he was Operations Manager,
responsible for management of the special processing plant of the landing gear
division. Prior to joining Goodrich Aerospace, Mr. Hilliard has also held a
variety of management and operations positions at companies such as Chemical
Lehman and HJ Heinz as well as a tour of duty as an Operations Specialist with
the United States Navy.
Mr. Hilliard's base salary at Fiberstars will be $160,000 per annum, with
eligibility for a bonus estimated at 25% of base salary. In addition, Mr.
Hilliard was granted options to purchase 75,000 shares of Fiberstars Common
Stock pursuant to the Fiberstars 2004 Stock Incentive Plan at $7.19 per share,
the November 13, 2006 closing price of Fiberstars common stock on the NASDAQ
Global Market. Mr. Hilliard will also be eligible to participate in
Company-sponsored plans generally available to employees, including health care
plans and, upon meeting the applicable eligibility criteria, the 401(k) plan and
the stock purchase plan.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: November 16, 2006
FIBERSTARS, INC.
By /s/ Robert A. Connors
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Name: Robert A. Connors
Title: Chief Financial Officer
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