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Quantum (QMCO) investor relations material

Quantum Proxy Filing summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Proxy Filing summary31 Oct, 2025

Executive summary

  • Leadership transition with Hugues Meyrath appointed as President and CEO in June 2025, following significant restructuring and realignment of the executive team and product portfolio over fiscal 2025 and into 2026.

  • The Board and management emphasize transformation, cost structure alignment, and capital structure improvements to support long-term growth and shareholder value.

  • Shareholder support is sought for several proposals critical to ongoing transformation, including debt restructuring, equity plan amendments, and executive compensation.

Voting matters and shareholder proposals

  • Election of seven directors to serve until the 2026 annual meeting.

  • Approval of the issuance of senior secured convertible notes and additional convertible notes to restructure outstanding debt.

  • Approval of common stock issuance under anti-dilution provisions of a forbearance warrant.

  • Amendment and restatement of the 2023 Long-Term Incentive Plan to increase share reserve and remove individual award limits.

  • Non-binding advisory vote on executive compensation.

  • Ratification of CohnReznick LLP as independent auditor for fiscal 2026.

  • Adjournment proposal to allow additional time for proxy solicitation if needed.

Board of directors and corporate governance

  • Board comprises a majority of independent directors, with separation of CEO and Chair roles to strengthen governance.

  • Board committees include Audit, Leadership and Compensation, Corporate Governance and Nominating, and Special Committees, all chaired by independent directors.

  • Board and committee annual self-evaluations ensure effectiveness and alignment with shareholder interests.

  • Director candidate evaluation emphasizes independence, diversity, and relevant expertise.

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Frequently asked questions

Quantum Corporation provides products for storing and managing digital video and unstructured data. The company operates through four segments: Disk Storage Systems, Tape Storage Systems, Optical Media Disc (CD and DVD) Drives, and Persistent Memory. The Disk Storage Systems segment offers magnetic hard disk drives, solid state drives, and hybrid drives; flash-based solutions; tape automation solutions, including tape libraries; tape cartridges, including LTO Ultrium, linear wide format cartridges for backup; and related software products.

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