UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): 07/21/2010
QUANTUM CORPORATION
(Exact name of registrant as specified in its charter)
Commission File Number: 1-13449
Delaware | | 94-2665054 |
(State or other jurisdiction of | | (IRS Employer |
incorporation) | | Identification No.) |
1650 Technology Drive
Suite 800
San Jose, CA 95110
(Address of principal executive offices, including zip code)
408-944-4000
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On July 21, 2010 Quantum Corporation (the "Company") entered into a termination and release agreement with Gerald G. Lopatin, Executive Vice President, Engineering, effective July 27, 2010, in connection with the elimination of his position as part of an organizational change. The engineering group, including the Senior Vice Presidents for Platform and Software Engineering, will now report to the Company's Chief Operating Officer. Pursuant to the terms of the agreement, Mr. Lopatin will receive severance benefits, including a severance payment of $167 thousand.The full text of the agreement with Mr. Lopatin is attached to this Form 8-K as an exhibit. The description above is qualified by reference to the actual text of the agreement.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | | | QUANTUM CORPORATION |
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| Date: July 23, 2010 | | | | By: | | /s/ Shawn D. Hall
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| | | | | | | | | Shawn D. Hall |
| | | | | | | | | Senior Vice President, General Counsel and Secretary |
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EXHIBIT INDEX
Exhibit No.
| | Description
|
| EX-10.1 | | Termination Agreement and General Release between Quantum Corporation and Gerald G. Lopatin |
