secwatch.observer — SEC 8-K summary
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Issuer:     QUANTUM CORP /DE/ (QMCO)
CIK:        0000709283
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001193125-23-279794
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quantum receives Nasdaq notice for delayed Q3 10-Q filing due to ASC 606 re-evaluation
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- Notified by Nasdaq on Nov 14, 2023 for failure to timely file quarterly report for period ended Sep 30, 2023.
- Delay caused by additional time needed to re-evaluate standalone selling price under ASC 606.
- Must submit compliance plan by Jan 16, 2024; Nasdaq may grant extension to May 7, 2024.
- Company also faces earlier Nasdaq minimum bid price deficiency with compliance deadline of Mar 18, 2024.
- Common stock continues trading on Nasdaq; no immediate delisting impact.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709283/000119312523279794/0001193125-23-279794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709283/000119312523279794/d207033d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-279794

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