---
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"
generated_at: "2026-06-01T09:28:50.115609+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# EMCORE to close Alhambra facility, cut 40% of workforce; CEO Rittichier departs

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-064681
- form_type: 8-K
- cik: 0000808326
- company_name: EMCORE CORP
- filed_at: 2024-05-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-064681
- JSON: https://secwatch.observer/filing/0001104659-24-064681.json
- Plain text: https://secwatch.observer/filing/0001104659-24-064681.txt

## Key facts
- 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 (the “Separation Date”), Jeffrey Rittichier departed as Chief Executive Officer and director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/808326/000110465924064681/0001104659-24-064681-index.htm
- Restructurings & Charges
  EMCORE CORP announced a restructuring affecting Alhambra, CA facility (approximately 120 positions across all locations, collectively representing approximately 40% of the Company’s workforce).
  - Type: restructuring
  - Affected area: Alhambra, CA facility
  - Headcount: approximately 120 positions across all locations, collectively representing approximately 40% of the Company’s workforce
  source text: On May 20, 2024, the Restructuring Committee of the Company’s Board of Directors approved the Restructuring.
  evidence_url: https://www.sec.gov/Archives/edgar/data/808326/000110465924064681/0001104659-24-064681-index.htm

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