Investors led by CCM Master, Coghill urge Energy Conversion to make changes

By Lisa Kerner

Charlotte, N.C., Sept. 27 - Energy Conversion Devices, Inc. investors CCM Master Qualified Fund, Ltd., Coghill Capital Management, LLC and Clint D. Coghill said once again they believe the company's board of directors should consider changes to its current management and enterprise structure.

The investors intend to be in contact with members of the company's board of directors to express this view, according to a schedule 13D filing with the Securities and Exchange Commission.

CCM Master and Coghill made a similar SEC filing on Sept. 4.

The reporting persons own 3,064,608 shares, or 7.6%, of the company's stock, down from the 9.8% stake reported on Sept. 4. It was previously reported in June that CCM Master and Coghill owned an 8.8% stake in the Rochester Hills, Minn., energy products supplier.

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