Quantum Corporation (NYSE:QTM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k

8 years ago

Quantum Corporation (NYSE:QTM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

Approval of Amendment to Long-Term Incentive Plan at Annual
Meeting

At the annual meeting of stockholders (the Annual Meeting) of
Quantum Corporation (the Company) held on March 31, 2017, the
stockholders of the Company approved and ratified an amendment to
the Companys Employee Stock Purchase Plan (the Plan) to increase
the number of shares of Common Stock available for issuance under
the Plan by 6,500,000 shares.

The terms and conditions of the Plan are described in the
Companys definitive proxy statement, filed with the Securities
and Exchange Commission on March 6, 2017. The Plan is filed as
Exhibit 10.1 hereto and is incorporated by reference herein.

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 held on March 31, 2017, as well as
the number of votes with respect to each matter. For more
information about these proposals, please refer to the Companys
Proxy Statement filed with the Securities and Exchange Commission
on March 6, 2017.

Proposal 1

The stockholders elected the seven nominees for director
recommended by the Companys Board of Directors (the Board) to the
Board to serve until the next Annual Meeting or until their
successors are elected and duly qualified, as set forth below:



Nominee	For	Against/Withhold/Abstain	Broker Non-Votes
Paul R. Auvil III	150,428,813	25,814,342	64,020,545
Jon W. Gacek	149,468,764	26,774,391	64,020,545
John Mutch	172,797,626	3,445,529	64,020,545
Gregg J. Powers	150,900,789	25,342,366	64,020,545
Clifford Press	172,614,819	3,628,336	64,020,545
Raghavendra Rau	170,888,495	5,354,660	64,020,545
David E. Roberson	155,805,566	20,437,589	64,020,545

Proposal 2

The stockholders ratified the appointment of
PricewaterhouseCoopers LLP as the independent registered public
accounting firm of the Company for the fiscal year ending March
31, 2017, as set forth below:



For	Against	Abstain	Broker Non-Votes
238,458,996	1,544,790	259,914

Proposal 3

The stockholders voted for the adoption of a resolution
approving, on an advisory basis, the compensation of the Companys
named executive officers, as set forth below:



For	Against	Abstain	Broker Non-Votes
157,881,367	15,298,382	3,063,406	64,020,545

Proposal 4

The stockholders voted for an annual vote as the frequency with
which stockholders are provided an advisory vote on executive
compensation, as set forth below:



1 Year	2 Years	3 Years	Abstain	Broker Non-Votes
166,611,454	583,119	5,919,912	3,128,670	64,020,545

Following the Annual Meeting, the Board of Directors of the
Company determined to hold an annual vote on the frequency of the
stockholder advisory vote on executive compensation.

Proposal 5

The stockholders approved and ratified an amendment to the
Companys Employee Stock Purchase Plan to increase the number of
shares of Common Stock available for issuance under the Plan by
6,500,000 shares, as set forth below:



For	Against	Abstain	Broker Non-Votes
168,533,655	7,474,884	234,616	64,020,545

Proposal 6

The stockholders adopted an amendment to the Companys Amended and
Restated Certificate of Incorporation to effectuate a reverse
stock split of the Companys issued and outstanding shares of
Common Stock at a ratio of between 1-for-3 and 1-for-8,
inclusive, as set forth below:



For	Against	Abstain	Broker Non-Votes
234,636,283	5,335,193	292,223

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits



Exhibit		Description
10.1		Quantum Corporation Employee Stock Purchase Plan

About Quantum Corporation (NYSE:QTM)
Quantum Corporation focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company’s end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. It works with a network of distributors, value-added resellers (VARs), direct marketing resellers (DMRs), original equipment manufacturers (OEMs) and other suppliers to meet customers’ evolving needs. Its scale-out storage portfolio includes StorNext software, appliances and full systems called StorNext Pro Solutions, as well as Xcellis workflow storage, QXS disk storage, Lattus extended online storage and Q-Cloud Archive and Vault services. Its StorNext offerings enable customers to manage large unstructured data sets in an information workflow. Quantum Corporation (NYSE:QTM) Recent Trading Information
Quantum Corporation (NYSE:QTM) closed its last trading session 00.000 at 0.870 with 445,714 shares trading hands.