EMCORE Corporation 8-K SVB

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
September 23, 2005
Date of Report (Date of earliest event reported)
 
 
EMCORE CORPORATION
Exact name of registrant as specified in its charter

New Jersey

0-22175

22-2746503

State of Incorporation

Commission File Number

IRS Employer Identification No.

 
145 Belmont Drive, Somerset, New Jersey, 08873
Address of principal executive offices, including Zip Code
 
(732) 271-9090
Registrant's telephone number, including area code
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 
Item 1.01.        Entry into a Material Definitive Agreement.
 
On September 23, 2005, EMCORE Corporation (the "Company") entered into a Non-Recourse Receivables Purchase Agreement (the "Agreement") with Silicon Valley Bank (the "Bank").  Under the terms of the Agreement, the Company from time to time may sell, without recourse, certain accounts receivables to the Bank up to a maximum aggregate outstanding amount of $20.0 million.  The Agreement expires on December 31, 2006, unless the term is extended by mutual agreement of the Company and the Bank.
 
A copy of the Agreement will be filed as an exhibit to the Company's Annual Report on Form 10-K for the fiscal year ending September 30, 2005.
 
 
SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  EMCORE CORPORATION
   
By: /s/ Thomas G. Werthan
 
Thomas G. Werthan
Chief Financial Officer
 
Dated:  September 28, 2005