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

                                                                                
               Date of Report (Date of earliest event reported):
                                  June 22, 1998

                               EMCORE CORPORATION
             (Exact name of registrant as specified in its charter)


        New Jersey                   000-22175                  22-2746503
(State or other jurisdiction        (Commission                (IRS Employer
      of incorporation)             File Number)             Identification No.)


                              394 Elizabeth Avenue
                           Somerset, New Jersey 08873
              (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (732) 271-9090







Item 5.   Other Events

     On June 22, 1998 the Company  issued  227,749  warrants to purchase  common
stock of the Company to Thomas  Russell,  Chairman of the Board of  Directors of
the Company  and 56,937  warrants  to  purchase  common  stock of the Company to
Reuben  Richards,  President,  Chief  Executive  Officer  and a director  of the
Company. The warrants are exercisable at a price of $11.375 and expire on May 1,
2001.  These  warrants  were  granted in  exchange  for the  guarantee  by these
executives of an $8 million credit facility  entered into by the Company on June
22,  1998 with First  Union Bank.  The credit  facility  will be used to finance
general corporate purposes, including, but not limited to, the construction of a
facility  in  Albuquerque,  New  Mexico.  The term of the credit  facility is 18
months and the  interest  rate is at LIBOR plus 0.75%.  The  Company  received a
fairness  opinion  from its  investment  bank,  Hempstead  & Company,  that this
transaction   was  fair  from  a  financial  point  of  view  to  the  Company's
non-participating shareholders.

Item 7.   Financial Statements and Exhibits

       (a)     None.

       (b)     None.

       (c)     None.





                                   SIGNATURES

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 thereunto duly authorized.

                                           EMCORE CORPORATION
                                           (Registrant)



                                           By: /s/ Thomas G. Werthan
                                              --------------------------------
                                              Name:   Thomas G. Werthan
                                              Title:  Chief Financial Officer
                                                      and Secretary






Dated:  August 4, 1998