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AI brief of an SEC Form 8-K · QUANTUM CORP /DE/ (QMCO)

Quantum Names James C. Clancy Chief Operating Officer, He Leaves Board Seat

Neutral Impact 3 of 5 leadership Written later

Quantum Corporation appointed James C. Clancy as Chief Operating Officer effective September 28, 2026, and he resigned from the board and its committees the same day. The filing sets out his pay package, including a $400,000 base salary, a 60% target bonus, 150,000 RSUs and an option on 400,000 shares, plus severance terms for both standard and change-of-control situations.

Key points

  • Clancy's offer letter sets a $400,000 annual base salary and a target bonus of 60% of base salary.
  • He received a grant of 150,000 RSUs and an option to purchase 400,000 shares, with grants expected around October 1, 2026.
  • Under the change-of-control agreement, a qualifying termination within 3 months before to 12 months after a change of control triggers 12 months of base salary plus 100% of target bonus.

The filing

CompanyQUANTUM CORP /DE/ (QMCO)
Form8-K, current report
Filed with the SECSep 28, 2026, 8:52 AM ET
Accession number0001628280-26-063661

Items reported: 5.02 Director / Officer Change8.01 Other Events

Read the filing on SEC.gov ↗

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 28, 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.