secwatch.observer — SEC 8-K summary
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Issuer:     QUANTUM CORP /DE/ (QMCO)
CIK:        0000709283
Form:       8-K
Filed at:   2025-10-06T23:59:59+00:00
Accession:  0000709283-25-000061
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quantum dismisses Grant Thornton, appoints CohnReznick as auditor; cites material weaknesses in internal controls
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- Audit Committee dismissed Grant Thornton as independent auditor effective Sept 30, 2025, after competitive process.
- Grant Thornton's reports for FY2025 and FY2024 included going-concern explanatory paragraph; no adverse opinions or disagreements.
- Material weaknesses in internal controls reported regarding controls environment, revenue recognition, manufacturing inventory, and warrants.
- Appointed CohnReznick as new auditor for FY2026, subject to standard client acceptance procedures.
- No prior consultations with CohnReznick on accounting matters during the past two fiscal years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709283/000070928325000061/0000709283-25-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709283/000070928325000061/qtm-20250930.htm
  HTML page:      https://secwatch.observer/filing/0000709283-25-000061

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