Quantum Corp Files 8-K: Shareholder Vote & Other Events

TL;DR

Quantum Corp filed an 8-K for a shareholder vote and other events. Details pending.

AI Summary

On August 15, 2024, Quantum Corporation filed an 8-K report detailing a submission of matters to a vote of security holders and other events. The filing does not contain specific financial figures or details about the matters voted upon or the other events.

Why It Matters

This filing indicates that Quantum Corporation is engaging in activities requiring shareholder approval or has experienced significant events that need to be disclosed to the public.

Risk Assessment

Risk Level: low — The filing is procedural and does not disclose any immediate financial risks or significant negative developments.

Key Players & Entities

• Quantum Corporation (company) — Registrant
• August 15, 2024 (date) — Date of earliest event reported
• Delaware (location) — State of Incorporation
• San Jose, CA (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share QMCO The Nasdaq Stock Mar

Filing Documents

• d879910d8k.htm (8-K) — 47KB
• 0001193125-24-203188.txt ( ) — 168KB
• qmco-20240815.xsd (EX-101.SCH) — 3KB
• qmco-20240815_lab.xml (EX-101.LAB) — 18KB
• qmco-20240815_pre.xml (EX-101.PRE) — 11KB
• d879910d8k_htm.xml (XML) — 4KB

From the Filing

8-K UNITED STATES 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): August 15, 2024 Quantum Corporation (Exact name of registrant as specified in its charter) Delaware 001-13449 94-2665054 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 224 Airport Parkway , Suite 550 San Jose , CA 95110 (Address of principal executive offices) (Zip Code) (408) 944-4000 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share QMCO The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item5.07 Submission of Matters to a Vote of Security Holders. The following is a brief description of each matter submitted to a vote at the 2024 annual meeting of shareholders of Quantum Corporation (the "Company") held on August 15, 2024 (the "Annual Meeting"), as well as the number of votes with respect to each matter. For more information about these proposals, please refer to the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission (the "SEC") on July 2, 2024, as supplemented by the Company's supplement to the definitive proxy statement filed with the SEC on August 2, 2024. Proposal 1. The following directors were elected to serve until the 2025 annual meeting of shareholders or until their successors are duly qualified and elected: For Against Abstain Broker Non-Votes James J. Lerner 43,509,614 1,262,076 428,602 23,781,378 Todd W. Arden 43,536,669 1,067,411 596,211 23,781,379 Donald J. Jaworski 43,343,886 1,270,607 585,799 23,781,378 Hugues Meyrath 35,368,403 9,246,214 585,675 23,781,378 Christopher D. Neumeyer 43,252,756 1,357,037 590,498 23,781,379 John R. Tracy 43,527,035 1,083,006 590,249 23,781,380 Yue Zhou (Emily) White 43,083,060 1,688,755 428,477 23,781,378 Proposal 2. The amendment to the Amended and Restated Certificate of Incorporation to effect a reverse stock split of the issued shares of the Company's common stock, par value $0.01 per share (the "Common Stock"), at a ratio ranging from 1 share-for-5 shares up to a ratio of 1 share-for-20 shares, with the exact ratio, if any, to be selected by the board of directors (the "Board") and set forth in a public announcement, has been approved. For Against Abstain 64,446,168 3,756,072 779,429 Proposal 3. The amendment to the 2023 Long-Term Incentive Plan to increase the number of shares of Common Stock reserved for issuance thereunder by 5,000,000 shares has been approved. For Against Abstain Broker Non-Votes 42,486,022 2,364,341 349,928 23,781,379 Proposal 4. The compensation of the Company's named executive officers has been approved on a non-binding advisory basis. For Against Abstain Broker Non-Votes 41,253,424 2,492,921 1,453,946 23,781,379 Proposal 5. The appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2025 has been ratified. For Against Abstain 62,805,770 5,594,523 581,377 Item8.01 Other Events. As disclosed above under Item 5.07 of this Current Report on Form 8-K, at the Annual Meeting, the Company's shareholders approved a reverse stock split with a ratio of not less than 1-for-5 and not greater than 1-for-20, with the exact ratio of the reverse stock split, if any, to be determined by the Board. On August 15, 2024, the Board approved a 1-for-20 reverse stock split (the "Reverse Stock S

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View this 8-K filing on SEC EDGAR