QUANTUM CORP /DE/
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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Sep 30, 2026 · Filed Nov 9, 2026
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Restructuring Charges
NOTE 6: RESTRUCTURING CHARGES
During the six months ended September 30, 2026, the Company continued to carry out existing restructuring plans 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 | 5,616 |
| Cash payments | (5,599) |
| Other non-cash | 52 |
| Balance as of September 30, 2025 | 855 |
| Balance as of March 31, 2026 | 566 |
| Restructuring charges | 315 |
| Cash payments | (854) |
| Other non-cash | 2 |
| Balance as of September 30, 2026 | $29 |
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