UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
The following is a brief description of each matter submitted to a vote at the Annual Meeting of the Shareholders of Quantum Corporation (the “Company”) held on September 12, 2023, as well as the number of votes with respect to each matter. For more information about these proposals, please refer to the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission (the “SEC”) on July 27, 2023 and supplement to proxy statement filed with the SEC on August 21, 2023.
Proposal 1. The following directors were elected to serve until the 2024 annual meeting or until their successors are elected and duly qualified:
| For | Against | Abstain | Broker Non-Votes | |||||||||||||
| James J. Lerner |
56,386,409 | 3,612,462 | 35,694 | 6,416,304 | ||||||||||||
| Marc E. Rothman |
56,155,005 | 3,190,462 | 689,098 | 6,416,304 | ||||||||||||
| Yue Zhou (“Emily”) White |
57,265,135 | 2,079,372 | 690,058 | 6,416,304 | ||||||||||||
| Christopher D. Neumeyer |
56,718,787 | 2,466,843 | 848,935 | 6,416,304 | ||||||||||||
| Donald J. Jaworski |
57,297,829 | 1,855,479 | 881,257 | 6,416,304 | ||||||||||||
| Hugues Meyrath |
57,264,098 | 1,828,601 | 941,866 | 6,416,304 | ||||||||||||
Proposal 2. The adoption of the 2023 Long-Term Incentive Plan has been approved.
| For |
Against | Abstain | Broker Non-Votes | |||||||||
| 55,988,190 | 3,393,065 | 653,310 | 6,416,304 | |||||||||
Proposal 3. The amendment and restatement of the Employee Stock Purchase Plan has been approved.
| For |
Against | Abstain | Broker Non-Votes | |||||||||
| 55,263,373 | 4,114,145 | 657,047 | 6,416,304 | |||||||||
Proposal 4. The compensation of the Company’s named executive officers has been approved on a non-binding advisory basis.
| For |
Against | Abstain | Broker Non-Votes | |||||||||
| 55,246,802 | 3,804,573 | 983,190 | 6,416,304 | |||||||||
Proposal 5. The frequency of advisory votes to approve the compensation of the Company’s named executive officers has been determined as “One Year” on a non-binding advisory basis.
| One Year |
Two Years | Three Years | ||||||
| 57,319,341 | 163,250 | 1,067,247 | ||||||
In accordance with the results of the advisory vote, the Board of Directors of the Company has decided to hold a non-binding advisory vote on the compensation of the Company’s named executive officers every year, until the next non-binding advisory vote on the frequency of future advisory votes on the compensation of the Company’s named executive officers. An advisory vote on the frequency of future advisory votes on the compensation paid to the Company’s named executive officers is required to be held at least once every six years.
Proposal 6. The appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2024 has been ratified.
| For |
Against | Abstain | ||||||
| 65,135,154 | 192,382 | 1,123,333 | ||||||
SIGNATURE
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 | ||||
| (Registrant) | ||||
| September 14, 2023 |
|
/s/ Brian E. Cabrera | ||
| (Date) |
|
Brian E. Cabrera | ||
| Senior Vice President, Chief Administrative Officer, and Corporate Secretary | ||||