QUANTUM CORP DE
For the period ended Sep 30, 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.
Sep 30, 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 September 30, 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 | 1,352 |
| Adjustments to prior estimates | 62 |
| Cash payments | (1,361) |
| Balance as of September 30, 2022 | $53 |
| Balance as of March 31, 2023 | $— |
| Restructuring costs | 2,667 |
| Cash payments | (2,667) |
| Balance as of September 30, 2023 | $— |
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