Quantum Corp CFO resigns; terminates PNC credit line; restatement cuts Q3 rev by $3.9M

QUANTUM CORP /DE/

CFO Lewis Moorehead resigns effective Aug 18, 2025; Laura Nash (CAO) becomes Principal Financial Officer.
Revolving credit facility with PNC Bank terminated; $1.2M early termination fee paid in full.
Restatement expects $3.9M revenue decrease for fiscal Q3 ending Dec 31, 2024, consistent with prior disclosure.
Search for new CFO initiated; no indication of fraud or misconduct.

item 1.02item 2.02item 8.01item 5.02

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.