June 27 (Reuters) - Photon Control Inc PHO.V
* Christopher Weston stepped down as president and ceo and
has resigned from board of photon control
* Michael Goldstein, deputy chairman of board, has been
appointed chairman and acting CEO
* David Dueck has stepped down as chairman with immediate
effect
* On June 3, 2016, Weston and Gerald Adams, CFO, made a $4.5
million transfer of company funds to photon control research and
development ltd
* Transfer was made without required approval by board of
directors of company
* The board confirmed non-approval of transfer and have
requested immediate repayment of unauthorized transfer
* Photon control provides corporate update
Source text for Eikon: ID:nCNWr7NC0a
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