SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported): August 11,
1999
Electrosource, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-16323 74-2466304
(State or other jurisdiction of (Commission File Number) (IRA Employer
incorporation) Identification No.)
2809 IH 35 South 78666
San Marcos, Texas (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (512) 753-
6500
Page 1 of 3 Pages
As Exhibit Index appears on Page 3
Item 4. Changes in Registrant's Certifying Accountant.
Ernst & Young, L.L.P. resigned as auditors of the Company
effective August 11, 1999. A majority of the members of the Audit
Committee of the Board of Directors voted to accept the
resignation.
The reports of Ernst & Young on the Company's financial
statements for the years ended December 31 1997 and 1998
contained an explanatory paragraph regarding uncertainty as to
the Company's ability to continue as a going concern.
In connection with the audits of the Company's financial
statements for each of the two fiscal years ended December 31,
1997, and December 31, 1998, and subsequent interim period
through August 10, 1999, there were no disagreements with Ernst &
Young on any matters of accounting principles or practices,
financial statement disclosure, or auditing scope and procedures
which, if not resolved to the satisfaction of Ernst & Young,
would have caused Ernst & Young to make reference to the matter
in their report.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
ELECTROSOURCE, INC.
By: /s/
Donald C. Perriello
Chief Accounting Officer
Vice President, Finance
Date: October 7, 1999
EXHIBITS
Exhibit Number Page
16 Letter addressed to Commission from Ernst & Young,
L.L.P. 4
October 7, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read Item 4 of Form 8-KA dated October 7, 1999 of
Electrosource, Inc. and are in agreement with the statements
contained in the first sentence of the first paragraph and the
second and third paragraphs on page two therein. We have no basis
to agree or disagree with other statements of the registrant
contained therein.
/s/ ERNST & YOUNG
cc: Electrosource, Inc.
