Quantum appoints new CEO Hugues Meyrath; raises ~$60M via equity facility

QUANTUM CORP /DE/

CEO Jamie Lerner resigned effective June 2, 2025; replaced by board member Hugues Meyrath.
New CEO Meyrath receives $550K base salary, 100K RSUs, and 100K performance-based RSUs.
Chairman Donald J. Jaworski appointed; CAO Brian E. Cabrera resigned as part of restructuring.
Raised ~$60 million to date under standby equity purchase agreement; restructuring remaining debt.
No changes to previously announced preliminary FQ4 FY2025 results (ended March 31, 2025).

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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Donald J. Jaworski

Chairman of the Board

QMCO · QUANTUM CORP /DE/

Effective: 2025-06-02
Filed: Jun 03, 2025 23:59 UTC

The Board appointed Donald J. Jaworski, an independent member of the Board, as Chairman of the Board, effective on June 2, 2025.

Appointed

Hugues Meyrath

President and Chief Executive Officer

QMCO · QUANTUM CORP /DE/

Effective: 2025-06-02
Filed: Jun 03, 2025 23:59 UTC

the Board appointed Hugues Meyrath, a member of the Board, to serve as the Company’s President and Chief Executive Officer and principal executive officer, effective June 2, 2025.

Departed

Brian E. Cabrera

Senior Vice President, Chief Administrative Officer, Chief Legal and Compliance Officer and Corporate Secretary

QMCO · QUANTUM CORP /DE/

Effective: 2025-06-02
Filed: Jun 03, 2025 23:59 UTC

Brian E. Cabrera, the Company’s Senior Vice President, Chief Administrative Officer, Chief Legal and Compliance Officer and Corporate Secretary, agreed to resign effective on June 2, 2025 in connection with the Company’s ongoing restructuring activities.

Departed

James J. Lerner

President and Chief Executive Officer

QMCO · QUANTUM CORP /DE/

Effective: 2025-06-02
Successor: Hugues Meyrath
Filed: Jun 03, 2025 23:59 UTC

James J. Lerner, the Company’s President and Chief Executive Officer and principal executive officer, resigned effective on June 2, 2025.

Source: SEC EDGAR

accession 0001193125-25-133841

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