Bart Foster out as president of Gaiam after 5 months
LOUISVILLE — Bart Foster, hired in January by Gaiam Inc. (Nasdaq: GAIA) to serve as president, is parting ways with the Louisville-based provider of yoga and wellness products and services, according to a document filed Tuesday with the Securities and Exchange Commission.
Neither officials at Gaiam nor Foster could be reached for comment Tuesday.
According to the document, Foster’s last day as president was Thursday, June 4. The filing said Foster will receive severance payments equal to six months’ salary, payable in biweekly installments and in accordance with the company’s customary payroll practices. Foster’s annual…
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