Quantum appoints Hugues Meyrath CEO with $550K salary; cuts shareholder quorum to 1/3

QUANTUM CORP /DE/

Hugues Meyrath becomes CEO: $550K base salary, 100% target bonus, 100K RSUs + 100K options vesting over 4 years.
Severance: 12 months base salary (non-change of control) or 18 months salary + bonus + full equity acceleration (change of control).
Bylaws amended to reduce stockholder quorum to one-third of outstanding shares.
Change of Control Agreement provides 150% of base + incentive lump sum and COBRA premium reimbursement.
Future performance-based RSUs possible; awards subject to LCC approval and share availability.

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Appointed

Hugues Meyrath

President and Chief Executive Officer

QMCO · QUANTUM CORP /DE/

Filed: Jun 18, 2025 23:59 UTC

In connection with Hugues Meyrath’s appointment as President and Chief Executive Officer of Quantum Corporation (the “Company”), on June 12, 2025, Mr. Meyrath entered into an offer letter (the “Offer Letter”) with the Company providing for the following terms:

Source: SEC EDGAR

accession 0001193125-25-142697

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