{"schema_version":"secwatch.filing_event.v1","accession":"0000808326-24-000013","form_type":"8-K","ticker":null,"cik":"0000808326","company_name":"EMCORE CORP","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.028534+00:00","generated_at":"2026-06-02T14:46:24.807202+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"EMCORE CEO departs, Q2 revenue miss and $7.8M net loss, restructuring initiated","bullets":["CEO Jeff Rittichier departed May 7; Matthew Vargas appointed interim CEO, Tom Minichiello interim Principal Executive Officer.","Q2 revenue $19.6M (down from $24.1M QoQ); gross margin 17% (down from 25%).","Net loss from continuing ops $7.8M ($0.09/share) vs $4.4M prior quarter.","Sold Chips business & Alhambra wafer fab assets for $2.92M; restructured debt with Hale Capital.","Board formed Restructuring Committee targeting break-even adjusted operating cash flow by September 2024 quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0000808326-24-000013","json":"https://secwatch.observer/filing/0000808326-24-000013.json","markdown":"https://secwatch.observer/filing/0000808326-24-000013.md","text":"https://secwatch.observer/filing/0000808326-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/808326/000080832624000013/0000808326-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/808326/000080832624000013/emkr-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T14:46:24.807202+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7db610c3d64c575d4a910a36fbae2757d671cbf6","claim":"EMCORE CORP reported financial results for second fiscal quarter ended March 31, 2024.","evidence_excerpt":"On May 8, 2024, EMCORE Corporation (the “Company”) issued a press release disclosing its financial results for its second fiscal quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/808326/000080832624000013/0000808326-24-000013-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second fiscal quarter ended March 31, 2024"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"48c76b4fa9","claim":"Jeffrey Rittichier departed as Chief Executive Officer at EMCORE CORP.","evidence_excerpt":"Effective on May 7, 2024, Jeffrey Rittichier departed as Chief Executive Officer, Principal Executive Officer and director of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/808326/000080832624000013/0000808326-24-000013-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"918dc70f66","claim":"Matthew Vargas was appointed as interim Chief Executive Officer at EMCORE CORP.","evidence_excerpt":"Effective on May 8, 2024, the Company appointed Matthew Vargas, the Company’s current VP, Sales, as interim Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/808326/000080832624000013/0000808326-24-000013-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"interim Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}