SECURITIES AND
EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM 8-KA
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 Identification
incorporation)
No.)
2809 IH 35 South 78666
San Marcos, Texas (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (512)
7536500
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 past two fiscal years were qualified
due to 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, 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: September 2, 1999
EXHIBITS
Exhibit Number
Page
16 Letter addressed to
Commission from
Ernst & Young,
L.L.P. 4
September 2, 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 September 2, 1999 of
Electrosource, Inc. and are in
agreement with the statements
contained in the 1st sentence of
the first paragraph and the
second and third paragraphs
therein. We have no basis to agree
or disagree with other
statements of the registrant
contained therein.
/s/
ERNST & YOUNG
cc: Electrosource, Inc.
