secwatch.observer — SEC 8-K summary
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Issuer:     EMCORE CORP (—)
CIK:        0000808326
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001104659-22-127107
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EMCORE sells Tinley Park property for $10.3M net, leases back for 12 years
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- Net proceeds of approximately $10.3 million from sale of 8412 W 185th St, Tinley Park, IL to 8400 W 185TH STEET INVESTORS, LLC.
- Leaseback for 12-year term with monthly rent of $62,340.98 for first year, increasing 3% annually; triple-net with tenant responsible for all expenses.
- EMCORE Corporation guarantees lease obligations of subsidiary EMCORE Chicago Inertial Corporation.
- Three options to extend the lease for additional five-year terms each, with rent at fair market rental rate at time of extension.
- Security deposit of $40,000 held by landlord; will be returned if lease still in force on Jan 1, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/808326/000110465922127107/0001104659-22-127107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/808326/000110465922127107/tm2232667d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-127107

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