Quantum Corp Appoints New CFO, Elects Directors
Ticker: QMCO · Form: 8-K · Filed: Jun 10, 2024 · CIK: 709283
| Field | Detail |
|---|---|
| Company | Quantum Corp /De/ (QMCO) |
| Form Type | 8-K |
| Filed Date | Jun 10, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $15,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, cfo-appointment
TL;DR
Quantum Corp shakes up exec team & board, new CFO Michael Brown starts June 10.
AI Summary
Quantum Corporation announced on June 6, 2024, a series of executive and board changes. This includes the appointment of Michael A. Brown as Chief Financial Officer, effective June 10, 2024, and the election of new directors, including David J. Ryan and Robert J. W. Thompson. The company also disclosed compensatory arrangements for certain officers.
Why It Matters
These executive and board changes could signal a strategic shift or a response to performance, potentially impacting investor confidence and future company direction.
Risk Assessment
Risk Level: medium — Executive and board changes can indicate underlying issues or significant strategic shifts, introducing uncertainty.
Key Players & Entities
- Quantum Corporation (company) — Registrant
- Michael A. Brown (person) — Appointed Chief Financial Officer
- David J. Ryan (person) — Elected Director
- Robert J. W. Thompson (person) — Elected Director
- June 6, 2024 (date) — Date of earliest event reported
- June 10, 2024 (date) — Effective date for CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer?
Michael A. Brown has been appointed as the new Chief Financial Officer, with his appointment effective June 10, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on June 6, 2024.
What are the names of the newly elected directors?
The newly elected directors include David J. Ryan and Robert J. W. Thompson.
What is Quantum Corporation's state of incorporation?
Quantum Corporation is incorporated in Delaware.
What is the principal executive office address for Quantum Corporation?
The principal executive office address is 224 Airport Parkway, Suite 550, San Jose, CA 95110.
Filing Stats: 888 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-06-10 16:00:54
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share QMCO The Nasdaq Stock Mar
- $15,000 — . Arden will receive a cash retainer of $15,000 per month during the tenure of his serv
Filing Documents
- d850362d8k.htm (8-K) — 29KB
- d850362dex101.htm (EX-10.1) — 7KB
- g850362g0608013943759.jpg (GRAPHIC) — 2KB
- 0001193125-24-158310.txt ( ) — 163KB
- qmco-20240606.xsd (EX-101.SCH) — 3KB
- qmco-20240606_lab.xml (EX-101.LAB) — 18KB
- qmco-20240606_pre.xml (EX-101.PRE) — 11KB
- d850362d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1# Offer Letter dated June 6, 2024 by and between the Company and Todd W. Arden. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). # Indicates management contract or compensatory plan or arrangement. 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: June 10, 2024 QUANTUM CORPORATION By: /s/ Brian E. Cabrera Name: Brian E. Cabrera Title: Senior Vice President, Chief Administrative Officer, and Corporate Secretary