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.

item 5.02 item 5.03 item 9.01

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Appointed

Hugues Meyrath

President and Chief Executive Officer

QMCO · QUANTUM CORP /DE/

Filed: June 18, 2025, 7:59 PM ET

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:

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Hugues Meyrath was appointed as President and Chief Executive Officer at QUANTUM CORP /DE/.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

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:

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

QUANTUM CORP /DE/: Reduced quorum requirement for stockholder meetings to one-third of outstanding capital stock (effective 2025-06-12).

Change: bylaw amendment
Effective: 2025-06-12

Exact text from the filing

On June 12, 2025, the Board approved an amendment to the Company’s Amended and Restated Bylaws to reduce the quorum requirement for transacting business at meetings of stockholders to one-third of the capital stock issued and outstanding and entitled to vote.

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89 governance changes filed in the last 30 days. Browse all governance changes →

QUANTUM CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001193125-25-142697

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