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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): May 25, 1999
SATCON TECHNOLOGY CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-11512 04-2857552
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(Commission File Number) (I.R.S. Employer Identification No.)
161 First Street
Cambridge, Massachusetts 02142-1228
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(Address of Principal Executive Offices) (Zip Code)
(617) 661-0540
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(Registrant's telephone number, including area code)
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This Current Report on Form 8-K is filed by SatCon Technology Corporation, a
Delaware corporation (the "Registrant"), in connection with the matters
described herein.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On May 25, 1999, the Registrant engaged Arthur Andersen LLP ("Arthur
Andersen") as its independent auditors. The decision to engage Arthur Andersen
was recommended by the Registrant's Audit Committee and approved by the
Registrant's Board of Directors. During the Registrant's two most recent fiscal
years, and any subsequent interim period prior to engaging Arthur Andersen, (i)
neither the Registrant nor anyone on its behalf consulted Arthur Andersen
regarding the application of accounting principles to a specific completed or
proposed transaction or the type of audit opinion that might be rendered on the
Registrant's financial statements; and (ii) no written report or oral advice
concerning the same was provided to the Registrant that Arthur Andersen
concluded was an important factor considered by the Registrant in reaching a
decision as to any accounting, auditing or financial reporting issue.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
SATCON TECHNOLGY CORPORATION
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(Registrant)
Date: May 28, 1999 By: /s/ Michael C. Turmelle
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Michael C. Turmelle
Vice President, Chief Financial
Officer, Treasurer and Secretary
