secwatch.observer — SEC 8-K summary
======================================

Issuer:     QUANTUM CORP /DE/ (QMCO)
CIK:        0000709283
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0001193125-24-203188
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.07, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Quantum shareholders approve reverse stock split; board sets 1-for-20 ratio effective Aug 26, 2024
--------------------------------------------------------------------------------

- Shareholders approved reverse stock split at ratio from 1-for-5 to 1-for-20 at Aug 15 annual meeting.
- Board set exact ratio at 1-for-20; effective Aug 26, 2024 at 4:01 p.m. ET; trading begins Aug 27 split-adjusted.
- No fractional shares; fractional interests rounded up to next whole share. CUSIP changes to 747906600.
- Proportionate adjustments to equity awards, warrants, and equity plan shares; par value unchanged at $0.01.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709283/000119312524203188/0001193125-24-203188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709283/000119312524203188/d879910d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-203188

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer