{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-064681","form_type":"8-K","ticker":null,"cik":"0000808326","company_name":"EMCORE CORP","filed_at":"2024-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.028928+00:00","generated_at":"2026-06-01T09:28:50.115609+00:00","sec_items":["2.05","5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"EMCORE to close Alhambra facility, cut 40% of workforce; CEO Rittichier departs","bullets":["Restructuring closes Alhambra, CA facility and eliminates ~120 positions (~40% of workforce) by Sept 30, 2024.","Annualized cost savings of ~$17M; one-time severance costs ~$1.8M recorded in Q3 FY2024.","CEO Jeffrey Rittichier departed May 7; separation includes 12-month salary, $500K target bonus, COBRA.","Co. aims for adjusted cash flow break even ahead of Sept 30, 2024, per Chairman Glasener."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-064681","json":"https://secwatch.observer/filing/0001104659-24-064681.json","markdown":"https://secwatch.observer/filing/0001104659-24-064681.md","text":"https://secwatch.observer/filing/0001104659-24-064681.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/808326/000110465924064681/0001104659-24-064681-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/808326/000110465924064681/tm2415388d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T09:28:50.115609+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":"e77dc61d58","claim":"Jeffrey Rittichier departed as Chief Executive Officer at EMCORE CORP.","evidence_excerpt":"Effective on May 7, 2024 (the “Separation Date”), Jeffrey Rittichier departed as Chief Executive Officer and director of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/808326/000110465924064681/0001104659-24-064681-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":"1b1f333e1ca44da973406f789bbb04bf47f1a6e3","claim":"EMCORE CORP announced a restructuring affecting Alhambra, CA facility (approximately 120 positions across all locations, collectively representing approximately 40% of the Company’s workforce).","evidence_excerpt":"On May 20, 2024, the Restructuring Committee of the Company’s Board of Directors approved the Restructuring.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/808326/000110465924064681/0001104659-24-064681-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Affected area","value":"Alhambra, CA facility"},{"label":"Headcount","value":"approximately 120 positions across all locations, collectively representing approximately 40% of the Company’s workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}