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Non-Tech : Emcore Corporation (EMKR) -- Ignore unavailable to you. Want to Upgrade?

To: bob zagorin who wrote (637)	9/16/2009 5:10:55 PM
From: The Ox	Respond to of 640

Change in Directors or Principal Officers ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The Company previously reported in the Current Report on Form 8-K filed with the Securities and Exchange Commission on March 6, 2009, that the Compensation Committee of the Board of Directors of EMCORE Corporation (the "Company") had, at the recommendation of the Company's Executive Management, approved temporary decreases in the annual base salaries of the Company's Chief Executive Officer, its Chief Financial Officer and each of the other currently named executive officers of the Company (collectively, the "Named Executive Officers"). On March 20, 2009, the Compensation Committee of the Board of Directors of the Company, at the recommendation of the Company's Executive Management, approved a second temporary decrease in the annual base salaries of the Named Executive Officers of the Company. In light of the Company's improving liquidity position and business outlook, on September 10, 2009, the Compensation Committee of the Board of Directors of the Company, at the recommendation of the Company's Executive Management, approved a reduction in the temporary decreases in the annual base salaries of the Named Executive Officers. Accordingly, effective September 27, 2009, and until the Company is able to secure additional financing or its business outlook and liquidity positions improve, the annual base salaries of the Named Executive Officers are as follows: ? the annual base salary of Reuben F. Richards, Jr., the Company's Executive Chairman and Chairman of the Board, which was previously reduced by 20%, will now be reduced by 10%; ? the annual base salary of Hong Q. Hou, Ph.D., the Company's Chief Executive Officer and President, which was previously reduced by 20%, will now be reduced by 10%; ? the annual base salary of John M. Markovich, the Company's Chief Financial Officer, which was previously reduced by 10%, will now be reduced by 5%; ? the annual base salary of Christopher Larocca, the Company's Chief Operating Officer, which was previously reduced by 10%, will now be reduced by 5%; ? the annual base salary of John Iannelli, Ph.D., the Company's Chief Technology Officer, which was previously reduced by 10%, will now be reduced by 5%; and ? the annual base salary of Keith J. Kosco, the Company's Chief Legal Officer and Secretary, which was previously reduced by 10%, will now be reduced by 5%.