8-K 1 a05-21717_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

UNITED STATES

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):  December 14, 2005

 


 

SATCON TECHNOLOGY CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

Delaware

(State or Other Jurisdiction of Incorporation)

 

1-11512

 

04-2857552

(Commission File Number)

 

(I.R.S. Employer Identification No.)

 

 

 

27 Drydock Avenue

 

 

Boston, Massachusetts

 

02210-2377

(Address of Principal Executive Offices)

 

(Zip Code)

 

(617) 897-2400

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

Item 1.01.  Entry into a Material Definitive Agreement.

 

On December 13, 2005, SatCon Technology Corporation (the “Company”) entered into an Asset Purchase Agreement (the “Agreement”) with QualMark Ling Corporation (“QualMark”).  Pursuant to the Agreement, the Company sold its Ling Shaker and Amplifier product line to QualMark for approximately $2.3 million.  The asset sale includes the intellectual property, manufacturing equipment and tooling and inventory for the Ling shaker products and the Kimball shaker accessories line.

 

A copy of the press release dated December 14, 2005 is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01.              Financial Statements and Exhibits.

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press release dated December 14, 2005

 

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SIGNATURE

 

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.

 

 

SATCON TECHNOLOGY CORPORATION

 

 

 

 

 

 

Date:  December 14, 2005

By:

/s/ David E. O’Neil

 

 

 

David E. O’Neil

 

 

Vice President of Finance and Treasurer

 

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