Quantum Corp 8-K, filed Oct 14, 2020
Quantum Corp (QMCO)
8-K
2020-10-14
For: 2020-10-14
View Original
Added on
April 10, 2026
About this 8-K
Quantum Corp filed this 8-K on October 14, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
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): October 14, 2020
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Securities registered pursuant to Section 12(b) of the Act:
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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 (see General Instruction A.2. below):
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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 14, 2020, Don Martella, Senior Vice President Engineering, and the Company mutually and amicably agreed that Mr. Martella will separate from the Company, with Mr. Martella’s last day expected to be November 4, 2020. Mr. Martella is separating to pursue personal interests. In connection with the separation, and in exchange for a full release of claims in favor of the Company, it is contemplated that the Company will pay Mr. Martella severance payments consisting of a lump sum payment of $177,500 (which is equivalent to six months of his annual salary), and Company-paid COBRA health benefits for a period of 12 months.
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.
| Quantum Corporation | ||||||||||||||
| (Registrant) | ||||||||||||||
| October 14, 2020 | /s/ J. Michael Dodson | |||||||||||||
| (Date) | J. Michael Dodson | |||||||||||||
| Chief Financial Officer | ||||||||||||||
| (Principal Financial Officer) | ||||||||||||||