Energy Conversion Devices 8-K Departure of Directors or Certain Officers

Exhibit 99.2

UNITED STATES BANKRUPTCY COURT

FOR THE EASTERN DISTRICT OF MICHIGAN

TRANSMITTAL OF FINANCIAL REPORTS AND

CERTIFICATION OF COMPLIANCE WITH

UNITED STATES TRUSTEE OPERATING REQUIREMENTS FOR

THE PERIOD ENDED:April 30, 2012

In re: United Solar Ovonic LLC	Case Number: 12-43167
	Chapter 11
	Judge: Hon. Thomas J. Tucker
Debtor.

United Solar Ovonic LLC/

As debtor in possession, I affirm:

1. That I have reviewed the financial statements attached hereto, consisting of:

Operating Statement	(Form 2)
Balance Sheet	(Form 3)
Summary of Operations	(Form 4)
Monthly Cash Statement	(Form 5)
Statement of Compensation	(Form 6)
Schedule of In-Force Insurance	(Form 7)

and that they have been prepared in accordance with normal and customary accounting practices, and fairly and accurately reflect the debtor’s financial activity for the period stated;

2. That the insurance, including workers’ compensation and unemployment insurance, as described in Section 5 of the Operating Instructions and Reporting Requirements For Chapter 11 Cases, is in effect; and

(If not, attach a written explanation) YES x NO¨

3. That all post-petition taxes as described in Section 9 of the Operating Instructions and Reporting Requirements For Chapter 11 Cases are current.

(If not, attach a written explanation) YES x NO¨

4. No professional fees (attorney, accountant, etc.) have been paid without specific court authorization.

(If not, attach a written explanation) YES x NO¨

5. All United States Trustee Quarterly fees have been paid and are current.

YES x NO¨

6. Have you filed your pre-petition tax returns?

(If not, attach a written explanation) YES x NO¨

I hereby certify, under penalty of perjury, that the information provided above and in the attached documents is true and correct to the best of my information and belief.

Dated:May 21, 2012	United Solar Ovonic LLC
	Debtor in Possession
	Title:	William C. Andrews
		Chief Financial Officer        Phone: 248-299-6047

Form 1

OPERATING STATEMENT (P&L)⁽¹⁾

Period Ending:April 30, 2012

Case No: 12-43167

	Current Month			Total Since Filing
Total Revenue	$	1,578,065		$	8,577,785
Cost of Sales(2)		4,238,044			14,657,021
GROSS PROFIT		(2,659,978	)		(6,079,236	)
EXPENSES:
Officer Compensation		26,667			66,667
Salary/Wages Expenses		878,348			1,929,611
Employee Benefits & Pensions		323,011			667,924
Payroll Taxes		104,589			234,579
Other Taxes		15,922			28,427
Rent and Lease Expense		212,059			502,655
Interest Expense(3)		2,170,969			5,477,837
Property Insurance		1,054			2,685
Automobile and Truck Expense		—			—
Utilities		33,380			71,897
Depreciation		22,353			57,549
Travel and Entertainment		23,790			63,049
Repairs and Maintenance		13,377			16,295
Advertising		—			—
Other – Miscellaneous		676,637			1,309,368
Other – (Gain) Loss on Asset Disposal(5)		(8,495,932	)		(7,049,242	)
Other Specify – European Costs		238,360			626,875
Other Specify – Restructuring(6)		1,913,363			2,276,805
TOTAL EXPENSES:		(1,842,051	)		6,282,979
OPERATING PROFIT		(817,927	)		(12,362,216	)
Add: Non-Operating Income
Total Interest Income		—			—
Other (Income) / Expense		226,217			361,798
Less: Non-Operating Expenses
Professional Fees(4)		856,000			2,302,000
Other – Income Taxes		—			(216,206	)
NET INCOME/(LOSS)	$	(1,900,144	)	$	(14,809,807	)

(1) The operating statement and balance sheet were prepared using accrual accounting.

(2) Product sold during this period had an inventory value of $1,736,919. The balance of cost of sales is unabsorbed variance due to the production shutdown.

(3) The effective annual interest rate for April 30, 2012 was 10.2%.

(4) Professional fees are estimates.

(5) Primarily included gain on rejection of lease.

(6) Severance accrual for employees to be terminated.

Form 2

BALANCE SHEET

Period Ending:April 30, 2012

Case No: 12-43167

	Current Month			Prior Month			At Filing
ASSETS:
Cash and Cash Equivalents	$	11,721,600		$	5,420,063		$	4,378,158
Investments		—			—			—
Inventories, Net		33,539,728			35,298,334			41,727,690
Accounts Receivable – Intercompany – USO CDN		1,648,063			1,773,987			1,788,754
Accounts Receivable Intercompany SIT		23,507,313			23,502,505			23,497,597
Accounts Receivable Trade – Net		6,388,046			12,451,980			10,597,737
Land and Buildings		17,517,111			24,397,111			29,010,567
Furniture, Fixtures & Equipment		36,347,118			36,981,610			39,525,325
Accumulated Depreciation		(7,285,109	)		(7,747,471	)		(12,471,130	)
Restricted Cash		4,374,728			4,374,728			5,950,000
Prepaid		794,253			742,863			664,094
Investment in Subsidiaries		3,242,929			3,337,474			3,064,408
Other Assets		2,517,018			2,473,455			2,053,060
TOTAL ASSETS	$	134,312,799		$	143,006,640		$	149,786,260
LIABILITIES:
Post-petition Liabilities:
Accounts Payable Trade – Net	$	273,925		$	199,135		$	—
Accounts Payable Intercompany ECD		85,302			—			—
Accounts Payable Intercompany USO EU		186,552			214,581			—
Accounts Payable Intercompany USO Mexico		1,112,646			—			—
Lease Payable		—			—			—
Warranty		118,089			119,244			—
Other Current Liabilities		2,069,228			493,950			—
Accrued Salaries and Wages		354,188			283,298			—
Accrued Taxes		285,739			209,800			—
Accrued Other		2,325,972			1,368,165			—
TOTAL Post-petition Liabilities		6,811,642			2,888,172			—
Secured Liabilities:
Secured Loan – ECD		5,000,000			5,000,000			5,000,000
Pre-petition Liabilities:
Accounts Payable Trade – Net		7,227,522			7,227,522			7,227,522
Accounts Payable Intercompany ECD		797,596,837			795,485,836			792,119,291
Accounts Payable Intercompany SIT		600,241			600,241			600,241
Accounts Payable Intercompany Mexico		1,704,449			—			—
Accounts Payable Unsecured Liabilities		—			—			—
Lease Payable		4,926,455			19,502,614			19,627,288
Warranty		10,176,836			10,176,836			10,176,836
Other Current Liabilities		637,324			637,324			637,324
Accrued Salaries and Wages		677,100			677,100			677,100
Accrued Taxes		636,431			636,431			636,431
Accrued Other		4,331,705			4,331,705			4,331,705
TOTAL Pre-petition Liabilities		828,514,900			839,275,609			836,033,739
TOTAL LIABILITIES		840,326,542			847,163,781			841,033,739
EQUITY:
Owners Capital		65,000,000			65,000,000			65,000,000
Additional Paid-In-Capital		(27,351,380	)		(27,351,380	)		(27,351,380	)
Retained Earnings-Pre Petition		(728,852,555	)		(728,896,099	)		(728,896,099	)
Retained Earnings-Post Petition		(14,809,807	)		(12,909,663	)		—
TOTAL EQUITY		(706,013,742	)		(704,157,142	)		(691,247,479	)
TOTAL LIABILITIES AND EQUITY	$	134,312,799		$	143,006,640		$	149,786,260

Form 3

SUMMARY OF OPERATIONS

Period Ended:April 30, 2012

Case No: 12-43167

Schedule of Post-petition Taxes Payable

	Beginning Balance		Accrued/ Withheld		Payments/ Deposits		Ending Balance
Income Taxes Withheld
Federal		—	$	220,648.50	$	220,648.50		—
State		—		64,468.88		64,468.88		—
Local		—		72.15		72.15		—
FICA Withheld		—		82,555.97		82,555.97		—
Employers FICA		—		113,848.35		113,848.35		—
Unemployment Tax
Federal		—		301.67		301.67		—
State		—		7,538.21		7,538.21		—
Sales, Use & Excise Taxes	$	93,178.00		391.00		—	$	93,569.00
Property Taxes		116,621.00		75,548.00		—		192,170.00
Workers’ Compensation(1)		—		—		—		—
Other		—		—		—		—
TOTALS	$	209,799.00	$	565,372.73	$	489,433.73	$	285,739.00

(1) Fully insured.

AGING OF ACCOUNTS RECEIVABLE

AND POST-PETITION ACCOUNTS PAYABLE

Age in Days	0-30		31-60		Over 60
Post Petition
Accounts Payable	$	254,720.75	$	6,322.78	$	12,881.90
Accounts Receivable	$	2,703,518.40	$	1,173,268.50	$	2,511,259.10

For all post-petition accounts payable over 30 days old, please attach a sheet listing each such account, to whom the account is owed, the date the account was opened, and the reason for non-payment of the account.

Describe events or factors occurring during this reporting period materially affecting operations and formulation of a Plan of Reorganization:None

Form 4

MONTHLY CASH STATEMENT

Period Ending:April 30, 2012

Cash Activity Analysis (Cash Basis Only): Case No: 12-43167

		General Account		Foreign Collection Account(2)		L/C Collateral Account		Canadian Payroll Account(1)		Petty Cash
A.	Beginning Balance	$	5,706,639.20	$	—	$	4,374,728.04	$	3,836.30	$	803.29
B.	Receipts		10,380,666.32		—		—		20,000.00		0.88
	(Attach separate schedule)
C.	Balance Available		16,087,305.52		—		4,374,728.04		23,836.30		804.17
	(A+B)
D.	Less Disbursements		4,085,944.76		—		—		20,014.93		—
	(Attach separate schedule)
E.	ENDING BALANCE	$	12,001,360.76	$	—	$	4,374,728.04	$	3,821.37	$	804.17
	(C-D)

⁽¹⁾  In Canadian Dollars

⁽²⁾  Account Closed 3/14/12

ATTENTION: Please enter the TOTAL DISBURSEMENT from all your accounts, including cash and excluding transfers, onto the line below. This is the number that will determine your quarterly fee payment:$4,105,959.69

(PLEASE ATTACH COPIES OF MOST RECENT RECONCILED BANK STATEMENTS FROM EACH ACCOUNT)

General Account:

1.	Depository Name & Location	JP Morgan Chase Bank, N.A. (MI); Detroit, Michigan
2.	Account Number
Foreign Collection Account: (account closed 3/14/12)
1.	Depository Name & Location	JP Morgan Chase Bank, N.A. (MI); Detroit, Michigan
2.	Account Number
L/C Collateral Account:
1.	Depository Name & Location	JP Morgan Chase Bank, N.A. (MI); Detroit, Michigan
2.	Account Number
Canadian Payroll Account:
1.	Depository Name & Location	JP Morgan Chase Bank, N.A. Canada; Toronto, Ontario, Canada
2.	Account Number

Other monies on hand (specify type and location) i.e., CD’s, bonds, etc.):

None

Date:May 21, 2012

United Solar Ovonic LLC

Debtor in Possession

Form 5

MONTHLY STATEMENT OF INSIDER COMPENSATION/PAYMENTS

Period Ending:April 30, 2012

Case No: 12-43167

The following information is to be provided for each shareholder, officer, director, manager, insider, or owner that is employed by the debtor in possession. (Attach additional pages if necessary.)

Name:	Joseph P. Conroy, Executive Vice President, ECD;	Capacity:	x	Shareholder
	Senior Vice President, USO Operations		x	Officer
			¨	Director
			x	Insider

Detailed Description of Duties:

• Provides leadership to all operations and manufacturing related activity (Auburn Hills, Greenville 1&2, Tijuana, China JV and Marcegaglia)

• Responsible for building new equipment to support the company’s technology efforts

• Provides leadership to all manufacturing, engineering, quality functions (ensures the production of all manufacturing products)

Current Compensation Paid:	Weekly	Or		Monthly
			$	26,666.68
Current Benefits Paid:	Weekly	Or		Monthly
Health Insurance			$	849.92
Life Insurance				72.15
Accidental Death & Dismemberment Insurance				9.62
Long-Term and Short-Term Disability Insurance				72.50
Employee Assistance Program				1.69
Retirement				—
Company Vehicle				417.36
Entertainment				—
Travel				3,626.52
Total Benefits			$	5,049.76
Current Other Payments Paid:	Weekly	Or		Monthly
Rent Paid
Loans
Other (Describe)
Other (Describe)
Other (Describe)
Total Other Payments
	Weekly	Or		Monthly
CURRENT TOTAL OF ALL PAYMENTS:			$	31,716.44

(1)

Dated:May 21, 2012 Joseph P. Conroy

Form 6

SCHEDULE OF IN-FORCE INSURANCE

Period Ending:April 30, 2012

Case No: 12-43167

INSURANCE TYPE	CARRIER	EXPIRATION DATE
Workers’ Compensation	Valley Forge Insurance Company	02/01/2013
Workers’ Compensation	American Casualty Company of Reading PA	02/01/2013
General Liability	American Casualty Company of Reading PA	02/01/2013
Property (1st Layer)	Allianz Global Risk US Insurance Company	02/01/2013
Property (2nd Layer)	Lexington Insurance Company	02/01/2013
Automobile Policy	Continental Casualty Company	02/01/2013
Umbrella Policy	Continental Casualty Company	02/01/2013
Foreign Package	Continental Casualty Company	02/01/2013
Special Risk Coverage	Great American Insurance Company	03/18/2013
Directors & Officers	Allied World National Assurance Company	09/30/2012
Directors & Officers	Illinois National Insurance Company	09/30/2012
Directors & Officers	Beazley Insurance Company, Inc. (Lloyd’s of London)	09/30/2012
Employee Practices Liability	Starr Indemnity & Liability Company	09/30/2012
Fiduciary Liability	Starr Indemnity & Liability Company	09/30/2012
Fidelity Bond	Starr Indemnity & Liability Company	09/30/2012
Primary Directors & Officers	Starr Indemnity & Liability Company	09/30/2012
ERISA Bond	Travelers Casualty and Surety Company of America	11/16/2014
Pollution Liability Coverage	Chartis Specialty Insurance	02/01/2014

Form 7