Quantum Corp Enters Material Definitive Agreement
Ticker: QMCO · Form: 8-K · Filed: Feb 20, 2024 · CIK: 709283
| Field | Detail |
|---|---|
| Company | Quantum Corp /De/ (QMCO) |
| Form Type | 8-K |
| Filed Date | Feb 20, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-action
TL;DR
**Quantum Corp just signed a big deal, but the 8-K doesn't spill the details yet!**
AI Summary
Quantum Corporation entered into a Material Definitive Agreement on February 14, 2024. This 8-K filing, submitted on February 20, 2024, indicates a significant contractual event for the company, which is incorporated in Delaware and operates out of San Jose, CA. The specific details of the agreement are not disclosed in this summary filing but are categorized under Item 1.01.
Why It Matters
This filing signals a new, potentially impactful contractual obligation or opportunity for Quantum Corporation, which could influence its future operations, financial performance, or strategic direction.
Risk Assessment
Risk Level: medium — The risk is medium because a material definitive agreement can be either highly beneficial or detrimental, and the specific terms are not yet disclosed.
Key Players & Entities
- Quantum Corporation (company) — Registrant
- Delaware (location) — State of Incorporation
- San Jose, CA (location) — Principal Executive Offices
- February 14, 2024 (date) — Date of earliest event reported
- February 20, 2024 (date) — Filing date
FAQ
What is the purpose of this 8-K filing by Quantum Corporation?
This 8-K filing is to report the entry into a Material Definitive Agreement, as per Item 1.01, and to include Financial Statements and Exhibits, as per Item 9.01.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 14, 2024.
What is the full legal name of the registrant company?
The exact name of the registrant as specified in its charter is Quantum Corporation.
Where are Quantum Corporation's principal executive offices located?
Quantum Corporation's principal executive offices are located at 224 Airport Parkway, Suite 550, San Jose, CA 95110.
What is Quantum Corporation's Commission File Number?
Quantum Corporation's Commission File Number is 001-13449.
Filing Stats: 1,147 words · 5 min read · ~4 pages · Grade level 16.1 · Accepted 2024-02-20 16:14:18
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share QMCO The Nasdaq Stock Mar
Filing Documents
- d766314d8k.htm (8-K) — 31KB
- d766314dex101.htm (EX-10.1) — 79KB
- d766314dex102.htm (EX-10.2) — 59KB
- 0001193125-24-039984.txt ( ) — 321KB
- qmco-20240214.xsd (EX-101.SCH) — 3KB
- qmco-20240214_lab.xml (EX-101.LAB) — 18KB
- qmco-20240214_pre.xml (EX-101.PRE) — 11KB
- d766314d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit No. Description 10.1 Fifth Amendment and Waiver to Term Loan Credit and Security Agreement, dated February 14, 2024, by and among the Company, Quantum LTO Holdings, LLC, the lenders party thereto, and Blue Torch Finance LLC, as disbursing agent and collateral agent. 10.2 Eleventh Amendment and Waiver to Amended and Restated Revolving Credit and Security Agreement, dated February 14, 2024, by and among the Company, Quantum LTO Holdings, LLC, the lenders party thereto, and PNC Bank, National Association, as agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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. Date: February 20, 2024 QUANTUM CORPORATION By: /s/ Brian E. Cabrera Name: Brian E. Cabrera Title: Senior Vice President, Chief Administrative Officer, and Corporate Secretary