---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-276056"
form_type: "8-K"
ticker: "QMCO"
cik: "0000709283"
company_name: "QUANTUM CORP /DE/"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:51:43.850546+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quantum delays Q2 FY2024 10-Q; re-evaluating ASC 606 revenue accounting; obtains lender waivers

## Summary
- Filed Form 12b-25 for late 10-Q due to re-evaluation of Standalone Selling Price under ASC 606.
- Cash and cash equivalents $25.6M (flat YoY); term loan debt $87.9M (up from $77.2M); revolver $21.5M.
- Interest expense $3.9M for quarter, up from $2.7M a year ago.
- Obtained waivers from lenders under term loan and revolving credit agreements to relax GAAP requirement for Q2 financials.
- No set date for completing re-evaluation; earnings call postponed.

## SEC filing metadata
- accession: 0001193125-23-276056
- form_type: 8-K
- ticker: QMCO
- cik: 0000709283
- company_name: QUANTUM CORP /DE/
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/709283/000119312523276056/0001193125-23-276056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/709283/000119312523276056/d81462d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-276056
- JSON: https://secwatch.observer/filing/0001193125-23-276056.json
- Plain text: https://secwatch.observer/filing/0001193125-23-276056.txt

## Key facts
- Earnings Releases
  QUANTUM CORP /DE/ reported preliminary financial results for the quarter ended September 30, 2023.
  - Period: the quarter ended September 30, 2023
  - Result: preliminary results
  source text: On November 13, 2023, the Company issued a press release regarding notification of late filing of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, and certain information regarding the Company’s liquidity and debt as of September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/709283/000119312523276056/0001193125-23-276056-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.