QUANTUM CORP /DE/
For the period ended Mar 31, 2025. Filed Aug 26, 2025.
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FY2025 · Filed Aug 26, 2025
Contents
Restructuring Charges
NOTE 6: RESTRUCTURING CHARGES
During fiscal years 2025 and 2024, the Company approved certain restructuring plans to improve operational efficiencies and rationalize its cost structure. All restructuring activities from 2024 fiscal year were completed by the fourth quarter of fiscal 2024. During fiscal year 2025, all employees were notified however due to local requirements, not all employees had left employment by the end of the fiscal year. No asset impairments occurred in fiscal year 2025 or in fiscal year 2024.
The following tables show the activity and the estimated timing of future payouts for accrued restructuring (in thousands):
| Severance andbenefits | |
|---|---|
| Balance as of March 31, 2023 | $— |
| Restructuring costs | 3,280 |
| Cash payments | (3,280) |
| Balance as of March 31, 2024 | — |
| Restructuring costs | 4,090 |
| Cash payments | (3,266) |
| Other non-cash | (38) |
| Balance as of March 31, 2025 | $786 |
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