Energy Conversion shareholders seek changes to company management, board

By Lisa Kerner

Charlotte, N.C., June 19 - Energy Conversion Devices, Inc. investors CCM Master Qualified Fund, Ltd. and Coghill Capital Management believe the company's board "should consider making changes to current management and enterprise structure," according to a schedule 13D filing with the Securities and Exchange Commission.

As a result, the reporting persons plan to be in contact with board members and may be in contact with management and other Energy Conversion shareholders.

The investors beneficially own 3,001,453 shares, or 7.5%, of the Rochester Hills, Minn., energy products supplier's outstanding stock.

In March, CCM Master, Coghill Capital and Clint Coghill made a similar SEC filing requesting changes to the board and management.

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