Source-grounded facts extracted from QUANTUM CORP /DE/'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
QUANTUM CORP /DE/ engaged Grant Thornton LLP as its auditor.
“the Audit Committee of the Board of Directors of Quantum Corporation (the “Company”) appointed Grant Thornton LLP (“Grant Thornton”) as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2024, effective immediately”
QUANTUM CORP /DE/ reported full fiscal year 2024 results: revenue $360.0 million, plus or minus $10.0 million, net income Non-GAAP adjusted net loss per share of ($0.06), plus or minus $0.02, EPS ($0.06), plus or minus $0.02. Guidance lowered.
“For the full fiscal year 2024, the Company expect the following outlook: • Revenues of $360.0 million, plus or minus $10.0 million • Non-GAAP gross margin of approximately 42% • Non-GAAP adjusted net loss per share of ($0.06), plus or minus $0.02 • Adjusted EBITDA of approximately $17.0 million, plus or minus $3 million”
QUANTUM CORP /DE/ reported second fiscal quarter of 2024 results: revenue $80.0 million, plus or minus $3.0 million, net income Non-GAAP adjusted net loss per share of ($0.04), plus or minus $0.02, EPS ($0.04), plus or minus $0.02. Guidance lowered.
“For the second fiscal quarter of 2024, the Company now expects the following guidance: • Revenues of $80.0 million, plus or minus $3.0 million • Non-GAAP gross margin of approximately 42% • Non-GAAP adjusted net loss per share of ($0.04), plus or minus $0.02 • Adjusted EBITDA of approximately $2.0 million”
QUANTUM CORP /DE/ reported fiscal first quarter ended June 30, 2023 results: revenue $91.8 million, net income ($0.11) per share, EPS ($0.11) per share. Guidance lowered.
“Quantum Corporation (Nasdaq: QMCO) announced today financial results for its fiscal first quarter ended June 30, 2023. First Quarter Fiscal 2024 Financial Summary • Revenue was $91.8 million, a decrease of 5% year-over-year • GAAP gross margin was 38.1%, and non-GAAP gross margin expanded to 38.3% • Subscription ARR was up 78% year-over-year at $14.6 million • GAAP”
QUANTUM CORP /DE/ reported financial results for the quarter and full year ended March 31, 2023.
“On June 6, 2023, we reported our financial results for the quarter and full year ended March 31, 2023. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.”
QUANTUM CORP /DE/ announced a restructuring with charges of approximately $8.5 million affecting global (over 10%).
“On May 31, 2023, the Company’s board of directors (the “Board”) approved a global efficiency plan (the “Efficiency Plan”). The Efficiency Plan is intended to support the Company’s strategic plan and reduce operating expenses by further aligning its cost structure to focus on areas the Company believes are more likely to generate the best long-term results, in light of the current industry and macro-economic environment. As a result, the Company's activities under the Efficiency Plan include a reduction of the Company’s global workforce by over 10%. These activities are expected to be substantially completed by the end of fiscal year 2025. The Company currently estimates it will incur cash pre-tax restructuring charges of approximately $8.5 million through the end of fiscal year 2025, as a result of the Efficiency Plan, comprised primarily of severance and related costs.”
QUANTUM CORP /DE/ entered into 2023 Term Loan Warrant (effective 2023-06-01).
“In connection with the Term Loan Amendment, on the Closing Date, the Company issued to the lender of the 2023 Term Loan under the Term Loan Credit Agreement (the “Initial Warrantholder”) a warrant (the “2023 Term Loan Warrant”) to purchase an aggregate of 1,250,000 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), at an exercise price of $1.00 per share.”
QUANTUM CORP /DE/ amended Revolver Amendment with PNC Bank, National Association, as administrative agent and collateral agent for the lenders (effective 2023-06-01).
“On the Closing Date, the Company entered into an amendment (the “Revolver Amendment”) to the Amended and Restated Revolving Credit and Security Agreement, dated as of December 27, 2018 (as the same has been and may further be amended, modified, supplemented, renewed, restated or replaced from time to time, the “Revolving Credit Agreement”), among the Company, Quantum LTO, the other borrowers and guarantors from time to time party thereto, the lenders from time to time party thereto, and PNC Bank, National Association, as administrative agent and collateral agent for such lenders (the “Revolving Agent”).”
QUANTUM CORP /DE/ amended Term Loan Amendment with Blue Torch Finance LLC, as disbursing agent and collateral agent for the lenders valued at $15 million (effective 2023-06-01).
“On June 1, 2023 (the “Closing Date”), Quantum Corporation (the “Company”) entered into an amendment (the “Term Loan Amendment”) to the Term Loan Credit and Security Agreement, dated as of August 5, 2021 (as the same has been and may be further amended, modified, supplemented, renewed, restated or replaced from time to time, the “Term Loan Credit Agreement”), among the Company, Quantum LTO Holdings, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (“Quantum LTO”), the other borrowers and guarantors from time to time party thereto, the lenders from time to time party thereto, and Blue Torch Finance LLC, as disbursing agent and collateral agent for such lenders (the “Term Loan Agent”).”
Lewis Moorehead changed role as Vice President, Finance and Treasurer at QUANTUM CORP /DE/.
“Ms. Nash will succeed Lewis Moorehead, who will be transitioning out of his current role of Chief Accounting Officer effective June 6, 2023, and will serve as the Company’s Vice President, Finance and Treasurer.”
Laura A. Nash was appointed as Chief Accounting Officer at QUANTUM CORP /DE/.
“Effective as of June 6, 2023, the Board appointed Laura A. Nash as Chief Accounting Officer of the Company.”
QUANTUM CORP /DE/ reported fiscal third quarter ended December 31, 2022 results: revenue $111.2 million, net income $2.2 million, EPS ($0.02) per share.
“Quantum Reports Third Quarter Fiscal 2023 Results Revenue Increases 16.6% Year-over-Year to $111.2 Million”
J. Michael Dodson changed role as Chief Financial Officer at QUANTUM CORP /DE/.
“J. Michael Dodson, who will be transitioning out of his current role of Chief Financial Officer effective January 12, 2023, and will serve in a senior advisory role until August 2023 pursuant to the terms of the letter agreement dated as of January 9, 2023 (the “Transition Agreement”).”
Kenneth P. Gianella was appointed as Chief Financial Officer at QUANTUM CORP /DE/.
“Kenneth P. Gianella has been appointed Chief Financial Officer of the Company.”
QUANTUM CORP /DE/ reported the quarter ended September 30, 2022 results: revenue $99.1 million, net income ($0.13) per share, EPS ($0.13) per share. Guidance initiated.
“30, 2022. A copy of our earnings release is furnished as Exhibit 99.1 to this report. --- EX-99.1 (EX-99.1) --- Quantum Reports Second Quarter Fiscal 2023 Results Revenue of $99.1 Million at High-End of Guidance Amid Improving Supply Chain; Guides to Continued Revenue Growth SAN JOSE, Calif. — November 2, 2022 — Quantum Corporation (NASDAQ: QMCO) announced today”
Hugues Meyrath was appointed as Director at QUANTUM CORP /DE/.
“On September 22, 2022, the Board of Directors (the “Board”) of Quantum Corporation (the “Company”) on the recommendation of the Corporate Governance and Nominating Committee of the Board, unanimously appointed Don Jaworski and Hugues Meyrath to fill a newly created vacancies on the Board resulting from the expansion of the number of members of the Board from five to seven, effective on November 9, 2022.”
Don Jaworski was appointed as Director at QUANTUM CORP /DE/.
“On September 22, 2022, the Board of Directors (the “Board”) of Quantum Corporation (the “Company”) on the recommendation of the Corporate Governance and Nominating Committee of the Board, unanimously appointed Don Jaworski and Hugues Meyrath to fill a newly created vacancies on the Board resulting from the expansion of the number of members of the Board from five to seven, effective on November 9, 2022.”
Raghavendra Rau departed as Director at QUANTUM CORP /DE/.
“On June 14, 2022, Raghavendra Rau, a member of the Board of Directors (the “Board”) of Quantum Corporation (the “Company”), informed the Company of his decision not to stand for re-election as a member of the Board at the Company’s upcoming 2022 annual meeting of stockholders.”
Elizabeth King changed role as Worldwide Leader of Field Operations at QUANTUM CORP /DE/.
“Additionally, Elizabeth King will transition from her role as Quantum’s Chief Revenue Officer to Worldwide Leader of Field Operations, effective as of August 11, 2021, and Mrs. King will no longer be a Section 16 reporting officer.”
John Hurley was appointed as Chief Revenue Officer at QUANTUM CORP /DE/.
“On August 11, 2021, Quantum Corporation (“Quantum”) announced the appointment of John Hurley as Quantum’s Chief Revenue Officer effective immediately.”
John Fichthorn departed as Director at QUANTUM CORP /DE/.
“On July 20, 2021, John Fichthorn notified the Board of Directors (the “Board”) of Quantum Corporation, a Delaware corporation (the “Company”), of his decision to decline to stand for re-election to the Board and all committees thereof at the 2021 annual meeting of the stockholders (the “Annual Meeting”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.