QUANTUM CORP /DE/
For the period ended Jun 30, 2025. Filed Sep 11, 2025.
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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.
Jun 30, 2025 · Filed Sep 11, 2025
Contents
Restructuring Charges
NOTE 7: RESTRUCTURING CHARGES
During the quarters ending June 30, 2025 and 2024, the Company had approved certain restructuring plans designed 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 included in other current liabilities in the condensed consolidated balance sheets (in thousands):
| Severance and Benefits | |
|---|---|
| Balance as of March 31, 2024 | $— |
| Restructuring charges | 1,192 |
| Cash payments | (788) |
| Balance as of June 30, 2024 | $404 |
| Balance as of March 31, 2025 | $786 |
| Restructuring charges | 2,423 |
| Cash payments | (1,475) |
| Other non-cash | 45 |
| Balance as of June 30, 2025 | $1,779 |
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