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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 17, 2024
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| Quantum Corporation |
(Exact name of registrant as specified in its charter) |
| | | | | | | | | | | | | | | | | |
| Delaware | | 001-13449 | | 94-2665054 |
| (State or other jurisdiction of incorporation or organization) | | (Commission File No.) | | (I.R.S. Employer Identification No.) |
| | | | | |
| 224 Airport Parkway | Suite 550 | | | | |
| San Jose | CA | | | | 95110 |
| (Address of Principal Executive Offices) | | | | (Zip Code) |
| | | | | |
| (408) | 944-4000 |
| Registrant's telephone number, including area code |
| | |
|
| (Former name, former address and former fiscal year, if changed since last report) |
Securities registered pursuant to Section 12(b) of the Act:
| | | | | | | | | | | | | | |
| Title of each class | | Trading Symbol | | Name of each exchange on which registered |
| Common Stock, $0.01 par value per share | | QMCO | | Nasdaq Global Market |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On September 17, 2024, Quantum Corporation (the “Company”) received a letter (the “Letter”) from the listing qualifications staff (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) confirming that the Company has regained compliance with the bid price requirement in Nasdaq Listing Rule 5450(a)(1), as required by the Nasdaq Hearing Panel’s (“Panel”) decision dated June 6, 2024. The Letter further stated that on July 11, 2024, the Panel separately confirmed that the Company had regained compliance with the periodic filing requirement in Nasdaq Listing Rule 5250(c)(1) (the “Periodic Filing Rule”). Accordingly, the Panel has determined to continue the listing of the Company’s securities on Nasdaq. The Letter also informed the Company that the Panel will monitor the Company’s compliance with the Periodic Filing Rule for a period ending on July 11, 2025, per Nasdaq regulations.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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| | | Quantum Corporation | |
| | | (Registrant) | |
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| September 23, 2024 | | /s/ Brian E. Cabrera | |
| (Date) | | Brian E. Cabrera | |
| | | Senior Vice President, Chief Administrative Officer, and Corporate Secretary | |
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