QUANTUM CORP /DE/
For the period ended Mar 31, 2026. Filed Jun 25, 2026.
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FY2026 · Filed Jun 25, 2026
Contents
Restructuring Charges
NOTE 6: RESTRUCTURING CHARGES
During fiscal years 2026 and 2025, the Company approved certain restructuring plans to improve operational efficiencies and rationalize its cost structure. All restructuring activities from 2025 fiscal year were completed by the fourth quarter of fiscal 2026. During fiscal year 2026, 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 2026 or in fiscal year 2025.
The following tables show the activity for accrued restructuring (in thousands):
| Severance andbenefits | |
|---|---|
| Balance as of March 31, 2024 | $— |
| Restructuring charges | 4,090 |
| Cash payments | (3,266) |
| Other non-cash | (38) |
| Balance as of March 31, 2025 | 786 |
| Restructuring charges | 8,112 |
| Cash payments | (8,363) |
| Other non-cash | 31 |
| Balance as of March 31, 2026 | $566 |
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