Current Report Filing (8-k)
07 May 2015 - 6:21AM
Edgar (US Regulatory)
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): May
6, 2015
______________
Quantum
Corporation
(Exact name of registrant
as specified in its charter)
______________
Delaware
(State or other
jurisdiction of incorporation)
1-13449 |
94-2665054 |
(Commission File No.) |
(IRS Employer Identification
No.) |
224 Airport
Parkway, San Jose, CA 95110
(Address of principal
executive offices and zip code)
Registrants telephone
number, including area code: (408) 944-4000
______________
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):
☐ |
|
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
☐ |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12) |
☐ |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other
Events
Under the terms of the settlement
agreement entered into between the Company and Starboard Value, L.P. and certain
of its affiliates in July 2014, if the Company failed to achieve certain
objectives under its fiscal year 2015 business plan previously agreed between
the Company and Starboard, then Starboard would have been entitled to
nominate two additional directors to the Companys board of directors following
the release of the Companys results for fiscal year 2015. The Company achieved
all of the agreed business plan objectives. As a result, under the terms of the
settlement agreement, the standstill provisions of the agreement automatically
extended for an additional year, until a specified date prior to the deadline
for the submission of stockholder nominations for the Companys 2016 annual
meeting, and Starboard is not entitled to nominate additional directors. The
Company remains obligated, if requested by Starboard prior to the nomination
deadline for the Companys 2015 annual meeting, to re-nominate each of the four
Starboard nominees (or any lesser number requested by Starboard) for election to
the board of directors at the 2015 annual meeting, so long as Starboard remains
the beneficial owner of the minimum number of shares of Common Stock specified
in the agreement.
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 |
|
|
/s/ SHAWN D. HALL |
Shawn D. Hall |
Senior Vice President, General Counsel
and |
Secretary |
Dated: May 6,
2015