Highest-materiality recent filing
Quantum beats Q3 revenue guidance, posts $2.9M adjusted EBITDA; debt reduced significantly
Revenue $74.6M, above preliminary $72.7M and guidance of $67M±$2M.
Quantum prelim Q3 FY2026 revenue ~$72.7M, above guidance high-end
Revenue of ~$72.7M exceeds guided range high-end of $67M (+/- $2M).
Quantum closes $54.7M convertible note exchange; potential dilution up to 36.9%
Issued $54.7M senior secured convertible notes to Dialectic at 10% PIK interest, maturing Dec 18, 2028.
Quantum Q2 FY2026 rev $62.7M; GAAP net loss $46.5M on $25.4M debt extinguishment
Revenue $62.7M at high-end of guidance ($61-63M), down from $71.8M YoY.
Audit Committee dismissed Grant Thornton as independent auditor effective Sept 30, 2025, after competitive process.
Quantum enters debt-for-equity swap with Dialectic; lender to own ~38% of company
$51.3M term loans exchanged for 3-year 10% PIK convertible notes; conversion price $10/share with reset floor of $4.
Quantum regains Nasdaq compliance for periodic filing requirement
Received Nasdaq letter on Sept 12, 2025 confirming compliance with Listing Rule 5250(c)(1).
Quantum reports Q1 FY2026 revenue $64.3M, net loss $17.2M; guides Q2 revenue ~$61M
Revenue of $64.3M, down 11% YoY from $72.3M; GAAP net loss $17.2M ($1.87/share) vs $19.9M loss ($4.15) prior year.
Quantum receives Nasdaq delisting notice for late 10-Q filing; deadline Sept 15
Notice received Aug 21, 2025 for failure to timely file Q1 FY2026 10-Q.
Quantum Corp CFO resigns; terminates PNC credit line; restatement cuts Q3 rev by $3.9M
CFO Lewis Moorehead resigns effective Aug 18, 2025; Laura Nash (CAO) becomes Principal Financial Officer.
Quantum restates Q3 FY2025 financials; revenue to decrease ~$3.9M on revenue recognition errors
Board concluded Q3 FY2025 interim financials (Dec 31, 2024) are no longer reliable.
Quantum receives Nasdaq deficiency notice for late 10-K filing; 60 days to cure
Nasdaq notified Quantum on July 17, 2025 of non-compliance with Rule 5250(c)(1) due to delayed FY 2025 10-K.
Quantum appoints Hugues Meyrath CEO with $550K salary; cuts shareholder quorum to 1/3
Hugues Meyrath becomes CEO: $550K base salary, 100% target bonus, 100K RSUs + 100K options vesting over 4 years.
Quantum appoints new CEO Hugues Meyrath; raises ~$60M via equity facility
CEO Jamie Lerner resigned effective June 2, 2025; replaced by board member Hugues Meyrath.
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:
The Board appointed Donald J. Jaworski, an independent member of the Board, as Chairman of the Board, effective on June 2, 2025.
the Board appointed Hugues Meyrath, a member of the Board, to serve as the Company’s President and Chief Executive Officer and principal executive officer, effective June 2, 2025.
Brian E. Cabrera, the Company’s Senior Vice President, Chief Administrative Officer, Chief Legal and Compliance Officer and Corporate Secretary, agreed to resign effective on June 2, 2025 in connection with the Company’s ongoing restructuring activities.
James J. Lerner, the Company’s President and Chief Executive Officer and principal executive officer, resigned effective on June 2, 2025.
Max materiality 0.85 · Median 0.70 · Most common event leadership