Quantum Corp Director Departs; Board Changes Announced
Ticker: QMCO · Form: 8-K · Filed: Jun 18, 2024 · CIK: 709283
| Field | Detail |
|---|---|
| Company | Quantum Corp /De/ (QMCO) |
| Form Type | 8-K |
| Filed Date | Jun 18, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $50,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, director-departure, governance
TL;DR
Quantum Corp director David Murphy out, new board members in. Watch for governance shifts.
AI Summary
Quantum Corporation announced on June 12, 2024, the departure of Director David J. Murphy. The filing also covers the election of new directors and updates on compensatory arrangements for certain officers. The company is incorporated in Delaware and headquartered in San Jose, California.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board and officer changes, with no immediate financial distress or significant operational shifts indicated.
Key Numbers
- 001-13449 — SEC File Number (Identifies Quantum Corp's filings with the SEC.)
- 94-2665054 — IRS Employer Identification No. (Tax identification number for Quantum Corp.)
Key Players & Entities
- Quantum Corporation (company) — Registrant
- David J. Murphy (person) — Departing Director
- Delaware (jurisdiction) — State of Incorporation
- San Jose, CA (location) — Principal Executive Offices
FAQ
Who has departed from Quantum Corporation's board?
David J. Murphy has departed from the board of directors.
What is the date of the earliest event reported in this 8-K?
The earliest event reported is June 12, 2024.
In which state is Quantum Corporation incorporated?
Quantum Corporation is incorporated in Delaware.
What is the principal executive office address for Quantum Corporation?
The principal executive office is located at 224 Airport Parkway, Suite 550, San Jose, CA 95110.
What items are covered in this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
Filing Stats: 995 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-06-18 16:01:03
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share QMCO The Nasdaq Stock Mar
- $50,000 — for outside directors of the Company is $50,000 per year with additional smaller amount
Filing Documents
- d279525d8k.htm (8-K) — 29KB
- d279525dex101.htm (EX-10.1) — 7KB
- g279525g0615062804585.jpg (GRAPHIC) — 2KB
- g279525g0615062804755.jpg (GRAPHIC) — 2KB
- 0001193125-24-163387.txt ( ) — 166KB
- qmco-20240612.xsd (EX-101.SCH) — 3KB
- qmco-20240612_lab.xml (EX-101.LAB) — 18KB
- qmco-20240612_pre.xml (EX-101.PRE) — 11KB
- d279525d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1# Offer Letter dated June 12, 2024 by and between the Company and John R. Tracy. 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 18, 2024 QUANTUM CORPORATION By: /s/ Brian E. Cabrera Name: Brian E. Cabrera Title: Senior Vice President, Chief Administrative Officer, and Corporate Secretary