{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-259525","form_type":"8-K","ticker":"QMCO","cik":"0000709283","company_name":"QUANTUM CORP /DE/","filed_at":"2026-06-05T20:05:07+00:00","discovered_at":"2026-06-05T20:06:00.386553+00:00","generated_at":"2026-06-05T20:06:54.921597+00:00","sec_items":["1.02","5.08","8.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Quantum Corp terminates credit agreement, convertible notes, and equity line; pays $57.8M to retire term loan","bullets":["Paid $57.8M to terminate Term Loan Credit Agreement: $56M principal, $1.5M interest, $0.3M fees.","Canceled all outstanding 10.00% PIK Senior Secured Convertible Notes due 2028; indenture discharged.","Terminated Standby Equity Purchase Agreement with Yorkville effective June 11, 2026; no amounts owed.","Board member John Fichthorn is Managing Partner of Dialectic Capital Management, advisor to note conversion counterparty.","Annual meeting set for September 15, 2026; stockholder proposal deadline June 17, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-259525","json":"https://secwatch.observer/filing/0001193125-26-259525.json","markdown":"https://secwatch.observer/filing/0001193125-26-259525.md","text":"https://secwatch.observer/filing/0001193125-26-259525.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/709283/000119312526259525/0001193125-26-259525-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/709283/000119312526259525/d391891d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T20:06:54.921597+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":"398f520da87559dc200c0ae710bffcb8ff6e18fb","claim":"QUANTUM CORP /DE/ terminated Standby Equity Purchase Agreement with YA II PN, Ltd. valued at Termination notice provided; no amounts owed (effective 2026-06-04).","evidence_excerpt":"on June 4, 2026, in accordance with the terms of the SEPA, the Company provided a notice to Yorkville regarding its termination of the SEPA, effective as of June 11, 2026.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/709283/000119312526259525/0001193125-26-259525-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"YA II PN, Ltd."},{"label":"Value","value":"Termination notice provided; no amounts owed"},{"label":"Effective","value":"2026-06-04"}],"fact_type":"material_agreement"},{"claim_id":"ccbd25cd77c4bf84405a20cdfc703d3c8fcdd084","claim":"QUANTUM CORP /DE/ terminated Term Loan Credit and Security Agreement with Alter Domus (US) LLC valued at $57.8 million paid to terminate (effective 2026-06-04).","evidence_excerpt":"On June 4, 2026, Quantum Corporation (the “Company”) paid an aggregate of $57.8 million in connection with the termination of the Credit Agreement, consisting of the entire outstanding principal amount of $56.0 million, accrued interest of $1.5 million, and fees and expenses of $0.3 million incurred in connection with such termination.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/709283/000119312526259525/0001193125-26-259525-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Alter Domus (US) LLC"},{"label":"Value","value":"$57.8 million paid to terminate"},{"label":"Effective","value":"2026-06-04"}],"fact_type":"material_agreement"},{"claim_id":"ef8ba5aab1869531b6e39a64cc31c01b3d00d13b","claim":"QUANTUM CORP /DE/ terminated Indenture dated December 18, 2025 with U.S. Bank Trust Company, National Association valued at All outstanding 10.00% PIK Senior Secured Convertible Notes due 2028 canceled; Indenture satisfied a (effective 2026-06-04).","evidence_excerpt":"on June 4, 2026, all of the Company’s outstanding 10.00% PIK Senior Secured Convertible Notes due 2028 were canceled, and the Indenture was satisfied and discharged in full.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/709283/000119312526259525/0001193125-26-259525-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"All outstanding 10.00% PIK Senior Secured Convertible Notes due 2028 canceled; Indenture satisfied a"},{"label":"Effective","value":"2026-06-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}