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):  06/07/2013
 
QUANTUM CORPORATION
(Exact name of registrant as specified in its charter)
 
Commission File Number:  1-13449
 
Delaware
  
94-2665054
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
1650 Technology Drive
Suite 800
San Jose, CA 95110
(Address of principal executive offices, including zip code)
 
408-944-4000
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
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))
 

 
Item 8.01.    Other Events
 
Quantum Corporation is updating its guidance for the first quarter of fiscal 2014 and reports that it now expects total revenue of $150 million to $155 million, exceeding the previously stated revenue guidance of $135 million to $140 million. The updated revenue guidance reflects a one-time cash payment of $15 million to Quantum from Microsoft Corporation pursuant to an intellectual property agreement the parties entered into in May. The payment will be recorded as royalty revenue and will positively impact first quarter fiscal 2014 gross margins as well.
 

 

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 hereunto duly authorized.
 
           
QUANTUM CORPORATION
 
 
Date: June 07, 2013
     
By:
 
/s/    Shawn D. Hall
               
Shawn D. Hall
               
Senior Vice President, General Counsel and Secretary