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)
July 2, 2008
ACORN
ENERGY, INC.
(Exact
name of Registrant as Specified in its Charter)
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Delaware
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0-19771
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22-2786081
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(State
or Other Jurisdiction
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(Commission
file Number)
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(IRS
Employer
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of
Incorporation)
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Identification
No.)
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4
West Rockland, Montchanin, Delaware
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19710
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code (302)
656-1707
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:
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule
14a-2 under the Exchange Act (17 CFR 240.14a-2)
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
7.01 Regulation
FD Disclosure.
Paketeria
On
July
1, 2008, the Registrant announced an equity investment by Volksbank Meissen
in
the Registrant’s Paketeria AG equity affiliate, and the agreement to open
Paketeria shop-in-bank stores in 12 Volksbank Meissen branches. The press
release is contained in Item 9.01 as Exhibit 99.1, and is incorporated in
this
Item 7.01 by reference.
Equity
Interest in Comverge, Inc.; Investment Company Act
Status
During
the second quarter of 2008, the Registrant sold 757,367 shares of the Common
Stock of Comverge, Inc. in the open market. The proceeds of the sales were
$9.7 million, reflecting an average sales price of $12.78 per
share.
The
Registrant continues to hold 1,006,298 shares of Comverge Common Stock with
a
market value of $14.1 million, based on the closing price for the Comverge
Common Stock on the Nasdaq Global Market on June 30, 2008 of $13.98.
As of June 30, 2008, the Registrant had cash and cash equivalents of
approximately $15.6 million and restricted cash of approximately $2.5 million.
These figures reflect cash and cash equivalents at the Registrant’s
corporate parent level and do not include cash and cash equivalents at the
Registrant’s majority-owned subsidiaries.
The
Registrant believes that, as of June 30, 2008 and as of the date of this
current
report on Form 8-K, the value of the Registrant’s investment securities (as
defined in the Investment Company Act of 1940 and the rules and regulations
thereunder) does not exceed 40% of its total assets (exclusive of cash items)
on
an unconsolidated basis. The Registrant therefore believes that it is not
an
investment company for purposes of the Investment Company Act.
***
The
information furnished under this Item 7.01 of this Current Report on Form
8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the
purposes of Section 18 of the Securities and Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that
section.
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99.1
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Press
release of Acorn Energy, Inc. dated July 1,
2008.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized on this 2nd day of July 2008.
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By:
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/s/
Sheldon Krause
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Sheldon
Krause
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Title:
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Secretary
and General Counsel
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