CCM Master Qualified Fund, Coghill seek changes at Energy Conversion Devices

By Lisa Kerner

Charlotte, N.C., Sept. 4 - Energy Conversion Devices, Inc. investors CCM Master Qualified Fund, Ltd., Coghill Capital Management, LLC and Clint D. Coghill believe the company's board of directors should consider changes to its "current management and enterprise structure."

The reporting persons plan to contact the board members to express their views, according to a schedule 13D filing with the Securities and Exchange Commission.

In addition, CCM Master, Coghill Capital and Clint Coghill may discuss their concerns with management, investors and other shareholders.

The reporting persons own 3,954,008 shares, or 9.8%, of the company's stock, as well as 400,000 warrants to purchase common shares at $22.93 each on or before March 10, 2010.

In June, CCM Master and Coghill reported an 8.8% stake in the Rochester Hills, Minn., energy products supplier.

It was previously reported in March that the investors wanted the board to make management changes. At that time, the reporting persons owned 3,865,967 shares, or 9.7%, of the company's stock as well as the 400,000 warrants.

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