Quantum Appoints Hiral A. Patel as Chief Accounting Officer, Effective Sept. 1
Quantum Corporation named Hiral A. Patel as Chief Accounting Officer and Principal Accounting Officer, effective September 1, 2026, replacing no predecessor named in the filing. The filing sets her base salary at $335,000, a target bonus of 50% of salary, and a grant of 50,000 restricted stock units, along with change of control and standard severance terms. The appointment is a routine finance leadership change with no reported financial results.
Key points
- Hiral A. Patel appointed Chief Accounting Officer and Principal Accounting Officer, effective September 1, 2026
- Offer letter: base salary of $335,000 and target bonus of 50% of base salary
- Inducement grant of 50,000 RSUs vesting in three equal annual installments, expected effective on or around October 1, 2026
- Change of control agreement provides 12 months of base salary plus 100% of target bonus if terminated within 3 months before to 12 months after a change of control
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.