{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-200315","form_type":"8-K","ticker":"QMCO","cik":"0000709283","company_name":"QUANTUM CORP /DE/","filed_at":"2024-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.658553+00:00","generated_at":"2026-05-31T09:30:10.461277+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Quantum enters $25M DDTL facility, amends term loans, issues 7.6M warrants; CFO Gianella named COO","bullets":["New $25M delayed draw term loan facility with 12-14% SOFR + 6-8% PIK; matures Aug 5, 2026; amortizes at 5% from Sep 30, 2025.","Issued warrants for 7,606,169 shares at $0.31 to term loan lenders; exercise price lowered on existing warrants covering 8,614,214 shares.","Initial term loan interest rate set at 9.75% SOFR + 3.75% PIK with step-up/step-down based on net leverage ratio.","Maximum total net leverage ratio covenant not tested until June 30, 2025; new minimum EBITDA covenant set for Dec 31, 2024 and Mar 31, 2025.","CFO Kenneth P. Gianella appointed COO effective Aug 13, 2024, as required by the Term Loan Amendment."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-200315","json":"https://secwatch.observer/filing/0001193125-24-200315.json","markdown":"https://secwatch.observer/filing/0001193125-24-200315.md","text":"https://secwatch.observer/filing/0001193125-24-200315.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/709283/000119312524200315/0001193125-24-200315-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/709283/000119312524200315/d838107d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T09:30:10.461277+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":[{"claim_id":"b03f184fc7","claim":"Kenneth P. Gianella was appointed as Chief Operating Officer at QUANTUM CORP /DE/.","evidence_excerpt":"appointed Kenneth P. Gianella, the Chief Financial Officer of the Company, to also serve as the Chief Operating Officer of the Company, effective August 13, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/709283/000119312524200315/0001193125-24-200315-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}