July 15, 2014
VIA EDGAR
Securities and Exchange Commission | |
Attention: | Maryse Mills-Apenteng, Special Counsel |
Jeff Kauten, Staff Attorney |
Re: | Quantum Corporation | |
Revised Preliminary Proxy Statement on Schedule 14A | ||
Filed June 10, 2014 | ||
File No. 001-13449 |
Ladies and Gentlemen:
On behalf of Quantum Corporation (Quantum, or the Company), we are submitting this letter in response to the comments from the staff (Staff) of the Securities and Exchange Commission (the Commission) contained in the letter dated July 11, 2014 (the Comment Letter) regarding the above referenced Revised Preliminary Proxy Statement on Schedule 14A (the Proxy Statement). For your convenience, we have repeated your comments below in italics, and the headings and numbered responses in this response letter correspond to the headings and numbered comments contained in the Comment Letter.
Proxy Card
1. | We note your response to prior comment 10. If you are seeking discretionary authority to cumulate votes as contemplated by Item 6(c)(4) of Schedule 14A, you must indicate that in your proxy statement. If you continue to seek this authority, please at a minimum provide a direct means for security holders to withhold all authority to cumulate, other than by affirmatively calculating and specifying an equivalent number of votes for each of your nominees. Alternatively, please provide a detailed legal analysis, citing the authority upon which you rely under both state and federal law, supporting the proposition that you may obtain this authority by proxy even if the security holder has done nothing to indicate that the security holder wishes to vote any shares cumulatively. | |
The Company respectfully advises the Staff that it has revised page 6 of the Proxy Statement and the proxy card to more clearly state that a stockholder may withhold authority to cumulate by indicating as such on the proxy card and has provided a means for stockholders to withhold authority to cumulate votes. We have supplementally provided our proposed revised disclosures for your reference. |
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The Company also acknowledges that:
Should the Staff have any additional comments or questions, please contact me at (212) 497-7702 or my partner, Lisa Stimmell at (650) 849-3424. We respectfully request that the Staff confirm that it has no additional requests or comments.
Very truly yours, |
WILSON SONSINI GOODRICH & ROSATI |
Professional Corporation |
/s/ Warren de Wied |
cc: | Jon Gacek, Quantum
Corporation Shawn Hall, Quantum Corporation Steven Bochner, Wilson Sonsini Goodrich & Rosati, PC Lisa Stimmell, Wilson Sonsini Goodrich & Rosati, PC |
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