<SUBMISSION>
<ACCESSION-NUMBER>0000032878-06-000089
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20060605
<ITEMS>5.02
<ITEMS>9.01
<FILING-DATE>20060607
<DATE-OF-FILING-DATE-CHANGE>20060607
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ENERGY CONVERSION DEVICES INC
<CIK>0000032878
<ASSIGNED-SIC>3690
<IRS-NUMBER>381749884
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-08403
<FILM-NUMBER>06891808
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2956 WATERVIEW DRIVE
<CITY>ROCHESTER HILLS
<STATE>MI
<ZIP>48309
<PHONE>248-293-0440
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2956 WATERVIEW DRIVE
<CITY>ROCHESTER HILLS
<STATE>MI
<ZIP>48309
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ENERGY CONVERSION LABORATORIES INC
<DATE-CHANGED>19710603
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k_cfo-appointment.htm
<DESCRIPTION>FORM 8-K, PRESS RELEASE OF 06.05.06
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600">
    <tr >
        <td width="600" nowrap valign=top align=center> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>UNITED STATES</font></td> </tr>
    <tr >
        <td width="600" nowrap valign=top align=center> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>SECURITIES AND EXCHANGE COMMISSION</font></td> </tr>
    <tr >
        <td width="600" nowrap valign=top align=center> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>WASHINGTON, D.C. 20549</font></td> </tr>
</table>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td nowrap valign=top align=center > <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></td>
        <td nowrap valign=top align=center STYLE="BORDER-BOTTOM: 1PX SOLID #000000"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></td>
        <td nowrap valign=top align=center > <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></td></tr>
</table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="600" nowrap valign=top align=center> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>FORM 8-K</font></td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="600" nowrap valign=top align=center> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>CURRENT REPORT</font> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td nowrap valign=top align=center > <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Pursuant to Section 13 Or 15(d) of the<br>Securities Exchange Act of 1934</font></td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="300" nowrap valign=top align=left> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Date of Report (Date of earliest event reported) </font></td>
        <td width="300" nowrap valign=top align=left STYLE="BORDER-BOTTOM: 1PX SOLID #000000"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;June 5, 2006</font></td></tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td nowrap valign=top align=center STYLE="BORDER-BOTTOM: 1PX SOLID #000000"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>ENERGY CONVERSION DEVICES, INC.</font></td></tr>
    <tr >
        <td nowrap valign=top align=left > <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(Exact Name of Registrant as Specified in Charter)</font></td></tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="250"nowrap valign=top align=left STYLE="TEXT-INDENT:20PT; BORDER-BOTTOM: 1PX SOLID #000000"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Delaware </font></td>
        <td width="120"nowrap valign=top align=center STYLE="BORDER-BOTTOM: 1PX SOLID #000000"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>1-8403 </font></td>
        <td width="230"nowrap valign=top align=left STYLE="TEXT-INDENT:60PT; BORDER-BOTTOM: 1PX SOLID #000000"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>38-1749884</font></td></tr>
    <tr >
        <td width="250"nowrap valign=top align=left STYLE="TEXT-INDENT:7PT"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(State or Other Jurisdiction</font></td>
        <td width="120"nowrap valign=top align=center > <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(Commission</font></td>
        <td width="230"nowrap valign=top align=left STYLE="TEXT-INDENT:49PT"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(IRS Employer</font></td></tr>
    <tr >
        <td width="250"nowrap valign=top align=left STYLE="TEXT-INDENT:7PT"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>of Incorporation) </font></td>
        <td width="120"nowrap valign=top align=center > <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>File Number)</font></td>
        <td width="230"nowrap valign=top align=left STYLE="TEXT-INDENT:49PT"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Identification No.)</font></td></tr>
</TABLE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td WIDTH="370" valign=top align=left STYLE="TEXT-INDENT:0PT; BORDER-BOTTOM: 1PX SOLID #000000"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>2956 Waterview Drive, Rochester Hills, MI</font></td>
        <td width="230" nowrap valign=top align=left STYLE="TEXT-INDENT:59PT; BORDER-BOTTOM: 1PX SOLID #000000"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>48309</font></td></tr>
    <tr >
        <td WIDTH="370" valign=top align=left STYLE="TEXT-INDENT:0PT"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(Address of Principal Executive Offices)</font></td>
        <td width="230"nowrap valign=top align=left STYLE="TEXT-INDENT:49PT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(Zip Code)</font></td></tr>
</table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="315" nowrap valign=top align=left> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Registrant's telephone number, including area code</font></td>
        <td width="285" nowrap valign=top align=left STYLE="BORDER-BOTTOM: 1PX SOLID #000000"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(248) 293-0440</font></td></tr>
</table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td nowrap valign=top align=center STYLE="BORDER-BOTTOM: 1PX SOLID #000000"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></td></tr>
    <tr >
        <td nowrap valign=top align=CENTER > <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(Former name or former address, if changed since last report)</font></td></tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provision (see General Instruction A.2 below):</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="36" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2><font face=Wingdings>o</font></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.38in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="36" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2><font face=Wingdings>o</font></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.38in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="36" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2><font face=Wingdings>o</font></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.38in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="36" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2><font face=Wingdings>o</font></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="600" size="2">
<p style='page-break-before:always'></p>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Item 5.02</font></u></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers</font></u></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>On June 5, 2006, Energy Conversion Devices, Inc. (&#147;ECD Ovonics&#148;) issued a press release to announce that it has appointed Sanjeev Kumar as its Vice President and Chief Financial Officer (CFO) beginning June 5, 2006.  Mr. Kumar has extensive experience in the field of energy.  From 1991-2000, he served in various capacities at Occidental Petroleum Corporation.  From 2000 to 2002, he was vice president, finance and CFO at Rhodia, Inc., Cranbury, NJ.  He co-founded Clean Fuel Generation, LLC, Los Angeles, CA (2002 to 2004).  Most recently, Mr. Kumar was the CFO for Rutherford Chemicals, a New Jersey based company owned by a private equity firm.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Stephan W. Zumsteg, ECD Ovonics&#146; former Vice President and Chief Financial Officer, will assume the position of Vice President and Chief Financial Officer of United Solar Ovonic LLC, ECD Ovonics&#146; wholly owned subsidiary.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.56in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Mr. Kumar&#146;s employment at ECD Ovonics is at-will.  He will receive a salary of $300,000 per year.  He will be eligible for an incentive bonus of $120,000 with potential of up to 150% for exceeding mutually established goals, with the first 12-month bonus to be guaranteed at the target level of $120,000.  Mr. Kumar was granted a stock option to purchase 15,000 shares of ECD Ovonics&#146; common stock under the Company&#146;s 2000 Non-Qualified Stock Option Plan.  </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Mr. Kumar will receive a signing bonus of $120,000 payable within 30 days of his start date.  If Mr. Kumar leaves the company voluntarily within 24 months of his employment, he must return the signing bonus.      </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>In connection with his employment, Mr. Kumar will be eligible to receive benefits under ECD Ovonics&#146; executive relocation assistance program. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="60" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Item 9.01</font></u></p> </td>
        <td width="350" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Financial Statements and Exhibits</font></u></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="40" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(d)</font></p> </td>
        <td width="515" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Exhibits:</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2in; text-indent:-2in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>10.1</font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Severance Agreement entered as of June 5, 2006 by and between Sanjeev Kumar and Energy Conversion Devices, Inc.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>99.1</font></p> </td>
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Press release of Energy Conversion Devices, Inc. dated June 5, 2006</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>
</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>2</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="600" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="600" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:CENTER;margin-top:0pt;margin-bottom:0pt'><U><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>SIGNATURES</font></U></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:2.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>ENERGY CONVERSION DEVICES, INC.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="200" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap valign=top >
            <p style='margin-left:0pt;text-indent:17pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>By:</font></p> </td>
        <td width="300" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>/s/ Ghazaleh Koefod&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2> &nbsp;</font></p> </td> </tr>
    <tr >
        <td  nowrap colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Corporate Secretary  </font></p> </td> </tr>
    <tr>
        <td width="213" ></td>

        <td width="106" ></td>

        <td width="106" ></td>

        <td width="213" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Date: June 7, 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>
</font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>3</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="600" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><U><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>EXHIBIT INDEX</font></U></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="75" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Exhibit No.</font></u></p> </td>
        <td width="300" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Description</font></u></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="75" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>10.1</font></p> </td>
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Severance Agreement entered as of June 5, 2006 by and between Sanjeev Kumar and Energy Conversion Devices, Inc.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="600" style='border-collapse:collapse'>
    <tr >
        <td width="75" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>99.1</font></p> </td>
        <td valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Press release dated June 5, 2006</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>4</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10p1_severanceagreement.htm
<DESCRIPTION>SEVERANCE AGREEMENT BETWEEN ECD AND S. KUMAR
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><B>Ex. 10.1</B>&nbsp; </FONT></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>SEVERANCE AGREEMENT</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>This Severance Agreement (Agreement) is entered into as of June 5, 2006, by and between Sanjeev Kumar ("Employee") and Energy Conversion Devices, Inc., a Delaware corporation (the "Corporation").</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Section 1 &#150; Employment</font></b></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>The Employee's employment with the Corporation began on June 5, 2006.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Section 2 &#150; Right to Terminate; Automatic Termination of Employment</font></b></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(a)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Termination Without Cause</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  Subject to Section 3 of this Agreement, the Corporation may terminate Employee&#146;s employment at any time and for any reason.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(b)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Termination For Cause</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  The Corporation may terminate Employee&#146;s employment at any time for &#147;Cause&#148; (as defined below) by giving ten (10) business days notice to Employee stating the basis for such termination.  Employee shall have the opportunity to respond or cure the reasons stated in the Corporation notice during the ten (10) business day notice period.  &#147;Cause&#148; shall mean any of the following:  </font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;Employee has materially breached this Agreement or any other agreement to which Employee and the Corporation or its subsidiaries are parties or has materially breached any other obligation or duty owed to the Corporation or its subsidiaries; </font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;Employee has committed gross negligence, gross misconduct or conviction of a violation of law in the performance of Employee&#146;s duties for the Corporation or its subsidiaries (Violation of the law shall not include traffic violations or misdemeanors); </font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;Employee has materially failed to follow reasonable, ethical and lawful instructions from the Board, officer, body or other entity or individual to whom Employee reports concerning the operations or business of the Corporation or its subsidiaries; </font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(iv)&nbsp;&nbsp;&nbsp;&nbsp;Employee has been convicted of a felony the circumstances of which substantially relate to Employee&#146;s employment duties with the Corporation or its subsidiaries; </font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(v)&nbsp;&nbsp;&nbsp;&nbsp;Employee has misappropriated funds or property of the Corporation or its subsidiaries; </font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(vi)&nbsp;&nbsp;&nbsp;&nbsp;Employee has attempted to obtain a personal profit from any transaction in which the Corporation or its subsidiaries has an interest, and which constitutes a corporate opportunity of the Corporation or its subsidiaries, or which is adverse to the interests of the Corporation or its subsidiaries, unless the transaction was approved in writing by the Corporation&#146;s Board after full disclosure of all details relating to such transaction.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(c)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Termination by Death or Disability</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  Employee&#146;s employment and the Corporation&#146;s obligations under this Agreement shall terminate automatically, effective immediately and without any notice being necessary, upon Employee&#146;s death or upon expiration of three (3) months after a determination of Disability of Employee.  For purposes of this Agreement, &#147;Disability&#148; means the inability of Employee, due to a physical or mental </font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>1</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>impairment, to perform the essential functions of Employee&#146;s job with the Corporation for a period of three (3) months, despite all reasonable accommodations having been made by the Corporation.  A determination of Disability shall be made by an independent physician selected by the Corporation and the Employee who specializes in the area associated with Employee&#146;s disability.  Employee shall cooperate with any efforts to make such determination by the independent designated physician.  Should the physician for the Employee disagree with the determination, the Corporation and Employee will select a third independent physician pursuant to the regulations pertaining to the Family and Medical Leave Act.  Any such determination by the third physician shall be conclusive and binding on the Corporation and Employee.  Any determination of Disability under this Section 2(c) is not intended to a



lter any
benefits any party may be entitled to receive under any short-term or long-term disability insurance policy carried by either the Corporation or Employee with respect to Employee, which benefits shall be governed solely by the terms of any such insurance policy.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(d)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Termination by Resignation</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  Employee&#146;s employment and the Corporation&#146;s obligations under this Agreement shall terminate automatically, effective upon ten (10) business day written notice to the Corporation of Employee&#146;s resignation from employment with the Corporation without &#147;Good Reason&#148; or at such other time as may be mutually agreed between the Corporation and Employee following the provision of such notice.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(e)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Termination for Good Reason</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  Employee may terminate Employee&#146;s employment upon ten (10) business days advance written notice for &#147;Good Reason&#148; (as defined below) by giving notice to the Corporation stating the basis for such Good Reason termination.  The Corporation will have the opportunity to cure the items set forth in the Good Reason notice within the ten (10) business day cure period.  &#147;Good Reason&#148; shall mean:</font></p>



<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(i)&nbsp;&nbsp;&nbsp;&nbsp;any material breach of this Agreement by the Corporation; or</font></p>
<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(ii)&nbsp;&nbsp;&nbsp;&nbsp;other than for &#147;Cause&#148;, any material reduction in the nature or scope of Employee&#146;s title, authority, powers, functions, duties, reporting requirements, responsibilities, base salary, method of computing the Employee&#146;s bonus or benefits (except for any change in benefits that generally apply to all executives) or</font></p>
<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(iii)&nbsp;&nbsp;&nbsp;&nbsp;a transfer of Employee&#146;s place of employment of more than 30 miles.</font></p>


<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Notwithstanding the foregoing to the contrary, Good Reason shall not exist unless Employee first provides the Board with notice of the facts alleged to constitute Good Reason and the provision of this Section 2 (e) which Employee alleges applies, and until such breach, reduction or requirement remains uncured for ten (10) business days following the Board&#146;s receipt of such written notice from Employee.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Section 3 &#150; Rights Upon Termination</font></b></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(a)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Termination Without Cause and Termination for Good Reason</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  If Employee&#146;s employment is terminated Without Cause or for Good Reason, Employee shall, after executing the Release of Claims described in Section 4 (m), receive (i) any unpaid Base Salary and accrued but unused vacation pay with respect to the period prior to the effective date of termination; (ii) severance payments equal to the Employee&#146;s annual base salary (at the highest rate in effect during the term of this Agreement) payable in equal installments for one year according to the Corporation&#146;s regular pay schedule for salaried employees; (iii) continued participation in the Corporation&#146;s annual and long-term incentive
plans (upon the </font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>2</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>terms in effect immediately prior to such termination) for (A) the full fiscal year in which the termination occurs, payable within 30 days after the end of such fiscal year, and (B) on a pro-rated basis for the period from the beginning of the next fiscal year to the first anniversary of the termination, payable within 30 days after such anniversary; (iv) continued participation in the benefit plans, programs and arrangements (including medical and dental plans) for one year following the termination date; provided, however, that participation in such benefit plans, programs and arrangements shall cease prior to the expiration of such one-year period to the extent the Employee has been offered or actually participates in comparable benefit plans, programs or arrangements with another employer during such period and Employee shall report any such offer or participation to the Corporation; (v) pay



ment of the
cost of COBRA coverage for Employee and his eligible dependents until the earlier of twelve (12) months following the termination of his employment with the Corporation or the time at which Employee becomes eligible for other health and dental insurance coverage; and (vi) reimbursement of expenses incurred by Employee prior to termination.  The right to receive severance is not subject to offset for other earnings for Employee and there shall be no duty to mitigate damages.  The Corporation shall also cause the Employee to receive all vested and accrued benefits earned by Employee under all employee benefit plans and programs sponsored by the Corporation in which Employee participates.  The Employee will not be required to return any signing or similar bonus or compensation upon any Termination Without Cause or Termination for Good Reason or his Death or Disability, notwithstanding any other agreement to the contrary.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(b)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Termination for Cause, Termination by Death or Disability and Termination by Resignation</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  If Employee&#146;s employment is terminated for Cause or for Death, or if Employee resigns without good reason, Employee or Employee&#146;s estate shall have no further rights against the Corporation hereunder, except for the right to receive (i) any unpaid Base Salary and accrued but unused vacation pay with respect to the period prior to the effective date of termination and (ii) reimbursement of expenses incurred by Employee.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Section 4 &#150; Miscellaneous Provisions</font></b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2> </font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(a)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Waiver</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  No provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Employee and by an authorized officer of the Corporation (other than the Employee). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(b)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Whole Agreement</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  No agreements, representations or understandings (whether oral or written and whether express or implied) that are not expressly set forth in this Agreement have been made or entered into by either party with respect to the subject matter hereof.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(c)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Presumption</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  The Corporation shall make or cause to be made the payments described in this Agreement upon receiving written notice from the Employee describing such payment, referring to the provision of this Agreement under which such payment is claimed and certifying that all conditions for such payment, as set forth in this Agreement, have been satisfied. The information so furnished to the Corporation by the Employee shall be presumed to be correct, subject to rebuttal by the Corporation after payment. After making the payment claimed by the Employee, the Corporation may seek a refund of such payment in accordance </font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>3</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>with Subsection (h) below. This Subsection (c) shall not be used to cause a payment to be made at a time earlier than provided in this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(d)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Notice</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of the Employee, mailed notices shall be addressed to the Employee at the home address that the Employee most recently communicated to the Corporation in writing. In the case of the Corporation, mailed notices shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Secretary.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(e)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>No Setoff</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  There shall be no right of setoff or counterclaim, with respect to any claim, debt or obligation, against payments to the Employee under this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(f)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Choice of Law</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the state of Michigan, irrespective of Michigan's choice-of-law principles.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(g)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Severability</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(h)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Arbitration</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  All disputes arising out of or relating to the employment relationship shall be resolved only by final and binding arbitration using the following procedure:</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(i)   The Corporation and Employee shall first attempt to select an arbitrator by the mutual agreement.  If the arbitrator is not selected by mutual agreement of the Corporation and Employee within thirty (30) days, then the arbitrator will be selected from a panel of experienced employment arbitrators supplied by the American Arbitration Association (AAA), utilizing the AAA National Rules for the Resolution of Employment Disputes.  Once either party provides notice to the other of the intent to arbitrate, it shall be the joint obligation of the Corporation and Employee to file for arbitration with AAA with the Corporation to pay the filing and administrative fees and related expenses established by AAA except as set forth in subparagraph (iv) below.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(ii)   The arbitrator will decide the time and place of the hearing in Oakland County or such other location as may be mutually agreed to by the Corporation and Employee.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(iii)   The Arbitrator shall have power to award all relief as allowed by law or contract, including the award of costs and attorney fees to the prevailing party.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(iv)   Should the arbitrator determine that Employee was terminated for &#147;Cause&#148;, Employee shall be responsible for the entire filing fees, administrative costs and reasonable Corporation attorney fees.  Should the arbitrator determine that the Employee was not terminated for Cause, the Corporation shall be responsible for the entire filing fees, administrative costs and reasonable Employee attorney fees.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(v)   The award of the Arbitrator may be entered in the Circuit Court for the County of Oakland, Michigan.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>4</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>The arbitration procedures described in this section shall be the exclusive dispute resolution mechanism for resolution of disputes relating to the employment relationship.  The Corporation and Employee waive all rights to trial, including trial by jury, with respect to disputes arising out of or relating to this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(i)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>No Assignment of Benefits</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  The rights of any person to payments or benefits under this Agreement shall not be made subject to option or assignment, either by voluntary or involuntary assignment or by operation of law, including (without limitation) bankruptcy, garnishment, attachment or other creditor's process, and any action in violation of this Subsection (i) shall be void.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(j)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Employment at Will; Limitation of Remedies</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  The Corporation and the Employee acknowledge that the Employee's employment is at will, as defined under applicable law. If the Employee's employment terminates for any reason, the Employee shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided by this Agreement.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(k)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Employment Taxes</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  All payments made pursuant to this Agreement shall be subject to withholding of applicable taxes.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(l)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Benefit Coverage Nonadditive</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>.  In the event that the Employee is entitled to life insurance and health plan coverage under more than one provision hereunder, only one provision shall apply, and neither the periods of coverage nor the amounts of benefits shall be additive.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>(m)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Release of Claims.  As a condition to the receipt of the payments and benefits described in this Agreement, the Employee shall be required to execute a release of all claims arising out of the Employee&#146;s employment or the termination thereof, including but not limited to any claims of discrimination under state or federal law, as reasonably acceptable to the Employee.  Such release shall be promptly presented to the Employee following any Termination Without Cause or Termination for Good Reason.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>IN WITNESS WHEREOF, each of the Corporation and Employee has executed this Agreement, in the case of the Corporation by its duly authorized officer, as of the day and year first above written.</font></p>




<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2></FONT></TH>
     <TH><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2></FONT></TH>
     <TH><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=255 ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=25 ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=320 ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>EMPLOYEE</FONT></TD>
</TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT ><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>/S/&nbsp;&nbsp;Sanjeev Kumar</FONT></TD></TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT STYLE="BORDER-TOP: 1PX SOLID #000000"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Sanjeev Kumar</FONT></TD>
</TR>

<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>CORPORATION</FONT></TD>
</TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT VALIGN=top><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT ><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>/S/&nbsp;&nbsp;Robert C. Stempel</FONT></TD>
</TR>


<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT VALIGN=top><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT STYLE="BORDER-TOP: 1PX SOLID #000000"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>By:&nbsp;&nbsp;Robert C. Stempel<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Its:&nbsp;&nbsp;&nbsp;Chairman and Chief Executive Officer</FONT></TD>
</TR>
</TABLE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>5</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>ex99-1_060506release.htm
<DESCRIPTION>COPY OF PRESS RELEASE OF 060506
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><B>Ex. 99.1</B></FONT></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</FONT></p>
<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><B>Energy Conversion Devices Announces Executive Appointments</B> </FONT></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Multi-Plant Photovoltaic Expansion Strategy and Increased </font></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Development Activities Lead to Organizational Changes</font></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Rochester Hills, Mich</font></b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>., June 5, 2006 - Energy Conversion Devices, Inc. (ECD Ovonics) (NASDAQ: ENER) today announced several executive appointments in conjunction with its multi-plant photovoltaic expansion strategy, the expected growth in the hydrogen storage business, and increasing development activity at ECD Ovonics:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="3%" valign=top style='padding:0in 0in 5.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="3%" valign=top style='padding:0in 0in 5.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
        <td  valign=top style='padding:0in 0in 5.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Sanjeev Kumar has been appointed Vice President and Chief Financial Officer of ECD Ovonics</font></i></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="3%" valign=top style='padding:0in 0in 5.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="3%" valign=top style='padding:0in 0in 5.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
        <td  valign=top style='padding:0in 0in 5.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Jay B. Knoll has been appointed Vice President and General Counsel of ECD Ovonics</font></i></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="3%" valign=top style='padding:0in 0in 5.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="3%" valign=top style='padding:0in 0in 5.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
        <td  valign=top style='padding:0in 0in 5.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Stephan W. Zumsteg has been appointed Vice President and Chief Financial Officer of United Solar Ovonic.  Mr. Zumsteg joined ECD Ovonics in March 1997 and was appointed Vice President and Chief Financial Officer in 2001</font></i></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="3%" valign=top style='padding:0in 0in 5.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="3%" valign=top style='padding:0in 0in 5.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
        <td  valign=top style='padding:0in 0in 5.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Roger John Lesinski, ECD Ovonics General Counsel since January 1994, has been appointed Vice President and Chief Legal Officer of United Solar Ovonic</font></i></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>As growth in product demand drives the expansion program at United Solar Ovonic, there are increasing needs in both the financial and legal areas of the photovoltaic (PV) business.  Both Messrs. Zumsteg and Lesinski have extensive experience and knowledge about United Solar Ovonic, having been involved with the formation of the PV joint venture in April 2000 and the subsequent purchase and consolidation as a wholly owned subsidiary of ECD Ovonics in May 2003.  Both men are familiar with the Machine Division&#146;s plan to manufacture multi-machines on a continuous production basis.  With their knowledge and background now focused on photovoltaics, ECD expects to be able to accelerate its plan to expand United Solar Ovonic&#146;s manufacturing capacity to 300MW by 2010.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Sanjeev Kumar, ECD Ovonics&#146; new Vice President and Chief Financial Officer (CFO), has extensive experience in the field of energy.  He spent almost nine years with Occidental Petroleum Corporation in Los Angeles and was an entrepreneur in fuel cell technology.  Most recently, he was the CFO for Rutherford Chemicals, a New Jersey based company owned by a private equity firm.  Previously, Mr. Kumar was the CFO for Rhodia Inc. in New Jersey.  Mr. Kumar holds a B.A. in Business Administration and has </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>- more -</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>an MBA from the University of Southern California.  Mr. Zumsteg will work closely with Mr. Kumar and the ECD Ovonics financial staff.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Commenting on his appointment, Mr. Kumar stated, &#147;The future for commercialization of alternate energy has never looked more promising and I believe ECD Ovonics is well positioned to be a world leader in developing the various technologies.  I look forward to bringing my experience in this field and working with the superb management team at ECD Ovonics to help grow the company.&#148;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Jay Knoll, ECD Ovonics&#146; new Vice President and General Counsel, is the former Vice President, General Counsel and Corporate Secretary of Collins &amp; Aikman Corporation in Troy, Mich.  He has also held positions at Lear Corporation, Covisint LLC, Visteon Corporation and Detroit Diesel Corporation.  Mr. Knoll obtained his undergraduate degree from the University of Michigan and his J.D. degree from Wayne State University School of Law.  Mr. Lesinski will work with Mr. Knoll on overall ECD Ovonics legal matters.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&#147;Having followed ECD Ovonics for many years, I am excited now to be joining the company and look forward to contributing to its success as a member of the management team,&#148; Mr. Knoll said.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Commenting on these new appointments, Robert C. Stempel, ECD Ovonics Chairman and CEO said, &#147;The addition of Sanjeev Kumar and Jay Knoll to ECD Ovonics brings important experiences and will strengthen our growing company, while the strategic repositioning of Steve Zumsteg and Roger Lesinski to United Solar Ovonic will be valuable during this period of rapid expansion for photovoltaics.&#148;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:6pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>About ECD Ovonics:</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>ECD Ovonics is the leader in the synthesis of new materials and the development of advanced production technology and innovative products. It has invented, pioneered and developed its proprietary, enabling technologies in the fields of energy and information leading to new products and production processes based on amorphous, disordered and related materials.  The company's portfolio of alternative energy solutions includes Ovonic thin-film amorphous solar cells, modules, panels and systems for generating solar electric power; Ovonic NiMH batteries; Ovonic hydride storage materials capable of storing hydrogen in the solid state for use as a feedstock for fuel cells or internal combustion engines or as an enhancement or replacement for any type of hydrocarbon fuel; and Ovonic fuel cell technology. ECD Ovonics' proprietary advanced information technologies include Ovonic phase-change electrical memor


y, Ovonic
phase-change optical memory and the Ovonic Threshold Switch.  ECD Ovonics designs and builds manufacturing machinery that incorporates its proprietary production processes, maintains ongoing research and development programs to continually improve its products and develops new applications </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>- more -</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
<FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>for its technologies. ECD Ovonics holds the basic patents in its fields.  More information on ECD is available at www.ovonic.com.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.85%;text-align:center;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>###</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>This release may contain forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are based on assumptions which ECD Ovonics, as of the date of this release, believes to be reasonable and appropriate.  ECD Ovonics cautions, however, that the actual facts and conditions that may exist in the future could vary materially from the assumed facts and conditions upon which such forward-looking statements are based.  The risk factors identified in the ECD Ovonics filings with the Securities and Exchange Commission, including its automatic shelf registration statement and related preliminary prospectus supplement, the company&#146;s most recent Annual Report on Form 10-K and the company&#146;s most recent Quarterly Report on Form 10-Q could impact any forward-looking statements contained in this rel


ease.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Contact</font></u><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Ghazaleh Koefod &#150; Investor Relations</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Dick Thompson &#150; Media Relations</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>Energy Conversion Devices, Inc.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>248-293-0440</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE=2>&nbsp;</font></p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
</SUBMISSION>
