---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-073987"
form_type: "8-K"
ticker: null
cik: "0000808326"
company_name: "EMCORE CORP"
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T03:06:43.584051+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EMCORE receives default notice on credit agreement; defaults disputed, interest accrues at 18%

## Summary
- Agent alleges defaults for going concern qualification, compliance certificate, notice, and projections under Credit Agreement.
- Company disputes going concern and projections defaults; says compliance certificate and notice defaults were cured by June 8 and June 5, 2024.
- Interest accruing at default rate of 18% since May 1, 2024; agent has not accelerated debt as of June 21, 2024.
- Noel Heiks resigned from Board effective June 17, 2024; Jeffrey Roncka appointed to Audit Committee and Bruce Grooms as Compensation Chair on June 21.
- Company is in good faith discussions with agent to address the notices and prevent future defaults.

## SEC filing metadata
- accession: 0001104659-24-073987
- form_type: 8-K
- cik: 0000808326
- company_name: EMCORE CORP
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.04, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/808326/000110465924073987/0001104659-24-073987-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/808326/000110465924073987/tm2417177d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-073987
- JSON: https://secwatch.observer/filing/0001104659-24-073987.json
- Plain text: https://secwatch.observer/filing/0001104659-24-073987.txt

## Key facts
- Executive change
  Noel Heiks resigned as Director at EMCORE CORP.
  - Action: resigned
  - Role: Director
  source text: On June 17, 2024, Noel Heiks resigned from the Company’s Board of Directors effective on June 17, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/808326/000110465924073987/0001104659-24-073987-index.htm

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