Quantum appoints Todd Arden as director; Nasdaq grants extension on bid price and filing deadlines

QUANTUM CORP /DE/

Todd W. Arden appointed as director effective June 6, 2024; receives $15K/month cash retainer.
Arden to resign within 2 business days after Blue Torch Takeout Date per credit agreement.
Nasdaq hearings panel grants relief: minimum bid price must be met by Sept 16, 2024.
Quarterly Reports on Form 10-Q for Sep and Dec 2023 must be filed by July 1, 2024.

item 5.02 item 8.01 item 9.01

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Appointed

Todd W. Arden

director

QMCO · QUANTUM CORP /DE/

Effective: 2024-06-06
Filed: June 10, 2024, 7:59 PM ET

On June 6, 2024, the Board of Directors (the “Board”) of Quantum Corporation (the “Company”), on the recommendation of the Corporate Governance and Nominating Committee of the Board, unanimously appointed Todd W. Arden as a director, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Todd W. Arden was appointed as director at QUANTUM CORP /DE/.

Action: appointed
Role: director

Exact text from the filing

On June 6, 2024, the Board of Directors (the “Board”) of Quantum Corporation (the “Company”), on the recommendation of the Corporate Governance and Nominating Committee of the Board, unanimously appointed Todd W. Arden as a director, effective immediately.

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QUANTUM CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001193125-24-158310

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