{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-149195","form_type":"8-K","ticker":"QMCO","cik":"0000709283","company_name":"QUANTUM CORP /DE/","filed_at":"2024-05-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.733271+00:00","generated_at":"2026-06-01T07:49:45.055032+00:00","sec_items":["1.01","3.02","4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Quantum non-reliance on prior financials; restatement due to revenue & warrant accounting; estimates revenue/NI increase","bullets":["Board concluded non-reliance on audited FY2022 & FY2023 and Q1 FY2024 financials; restatement underway.","Errors: inconsistent application of ASC 606 (standalone selling price) and misclassification of warrants as equity under ASC 815.","Company estimates restatement will increase previously reported revenue and net income for affected periods; no cash impact.","Lenders waived covenant tests related to restatement; issued 2M warrants at $0.46/share as part of amendments."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-149195","json":"https://secwatch.observer/filing/0001193125-24-149195.json","markdown":"https://secwatch.observer/filing/0001193125-24-149195.md","text":"https://secwatch.observer/filing/0001193125-24-149195.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/709283/000119312524149195/0001193125-24-149195-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/709283/000119312524149195/d836470d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T07:49:45.055032+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}