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

Issuer:     QUANTUM CORP /DE/ (QMCO)
CIK:        0000709283
Form:       8-K
Filed at:   2026-09-28T12:52:17+00:00
Accession:  0001628280-26-063661
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Quantum appoints Dell veteran James C. Clancy as COO effective Sept 28, 2026; he resigns from board
--------------------------------------------------------------------------------

- Clancy, 59, was SVP Global Sales, Data Protection Solutions at Dell Technologies from 2019 until December 2024; earlier roles at Dell and EMC dating to 1998.
- Compensation: $400,000 annual base salary, target bonus of 60% of base, 150,000 RSUs vesting in three equal annual installments, and 400,000 options vesting monthly over 48 months.
- Equity grants expected effective on or around October 1, 2026 under the company's 2023 Long-Term Incentive Plan, as amended.
- Change-of-control severance: 12 months base salary plus 100% of target bonus, 100% accelerated vesting of time-vested equity, and 12 months of COBRA premiums.
- Clancy resigned his board seat and Audit and Corporate Governance and Nominating Committee memberships; CEO Hugues Meyrath said he will drive operational execution and growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709283/000162828026063661/0001628280-26-063661-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709283/000162828026063661/qtm-20260928.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-063661

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