QUANTUM CORP /DE/
For the period ended Jun 30, 2026. Filed Aug 11, 2026.
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Jun 30, 2026 · Filed Aug 11, 2026
Contents
Restructuring Charges
NOTE 6: RESTRUCTURING CHARGES
During the quarters ended June 30, 2026 and 2025, the Company approved certain restructuring plans to complete a plan to rationalize its cost structure. All restructuring activities from prior years 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.
The following tables show the activity for accrued restructuring (in thousands):
| Severance andbenefits | |
|---|---|
| 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 |
| Balance as of March 31, 2026 | 566 |
| Restructuring charges | 23 |
| Cash payments | (521) |
| Other non-cash | 2 |
| Balance as of June 30, 2026 | $70 |
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