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

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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
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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.