QUANTUM CORP DE
For the period ended Dec 31, 2023. Filed Sep 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Sep 6, 2024
QMCO$14.47+5.7%Stored close · as of Nov 6, 2026
Contents
Restructuring Charges
NOTE 6: RESTRUCTURING CHARGES
During the quarters ending December 31, 2023 and 2022, the Company approved certain restructuring plans to improve operational efficiencies and rationalize its cost structure.
The following tables show the activity and the estimated timing of future payouts for accrued restructuring (in thousands):
| Severance and Benefits | |
|---|---|
| Balance as of March 31, 2022 | $— |
| Restructuring costs | 1,356 |
| Adjustments to prior estimates | 61 |
| Cash payments | (1,417) |
| Balance as of December 31, 2022 | $— |
| Balance as of March 31, 2023 | $— |
| Restructuring costs | 3,164 |
| Cash payments | (3,164) |
| Balance as of December 31, 2023 | $— |
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