---
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"
generated_at: "2026-06-02T14:46:24.807202+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# EMCORE CEO departs, Q2 revenue miss and $7.8M net loss, restructuring initiated

## Summary
- 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.

## SEC filing metadata
- accession: 0000808326-24-000013
- form_type: 8-K
- cik: 0000808326
- company_name: EMCORE CORP
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000808326-24-000013
- JSON: https://secwatch.observer/filing/0000808326-24-000013.json
- Plain text: https://secwatch.observer/filing/0000808326-24-000013.txt

## Key facts
- Earnings Releases
  EMCORE CORP reported financial results for second fiscal quarter ended March 31, 2024.
  - Period: second fiscal quarter ended March 31, 2024
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/808326/000080832624000013/0000808326-24-000013-index.htm
- Executive change
  Jeffrey Rittichier departed as Chief Executive Officer at EMCORE CORP.
  - Action: departed
  - Role: Chief Executive Officer
  source text: Effective on May 7, 2024, Jeffrey Rittichier departed as Chief Executive Officer, Principal Executive Officer and director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/808326/000080832624000013/0000808326-24-000013-index.htm
- Executive change
  Matthew Vargas was appointed as interim Chief Executive Officer at EMCORE CORP.
  - Action: appointed
  - Role: interim Chief Executive Officer
  source text: Effective on May 8, 2024, the Company appointed Matthew Vargas, the Company’s current VP, Sales, as interim Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/808326/000080832624000013/0000808326-24-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.