Quantum Corporation
10/09/2026 | Press release | Distributed by Public on 10/09/2026 14:46
Business/Financial Results, Management Change/Compensation (Form 8-K)
Item 2.02 Results of Operations and Financial Condition.
The Company is early in its financial closing process for the fiscal quarter ended September 30, 2026, but currently expects that it will meet or exceed its previously issued guidance for the fiscal quarter ended September 30, 2026. This expectation is based on information available to management as of the date of this report and is subject to completion of the Company's financial closing procedures and the review of its financial statements by its independent registered public accounting firm.
The information in this Item 2.02 is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that Section. The information in this Item 2.02 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933 except as shall be expressly set forth by specific reference in such filing.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 9, 2026, William H. White was terminated as Chief Financial Officer and Principal Financial Officer of Quantum Corporation (the "Company") effective immediately. No disruption to current operations is expected as a result of Mr. White's termination. The Company expects to timely file its quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2026.
Effective on October 9, 2026, Hiral A. Patel, the Company's current Chief Accounting Officer and Principal Accounting Officer, was appointed the Company's Principal Financial Officer.
Ms. Patel, 38, has served as the Company's Chief Accounting Officer and Principal Accounting Officer since September 1, 2026. Prior to that, she served as Chief Accounting Officer at Pep Boys, an automotive service and retail company, from October 2025 to June 2026. From March 2024 to October 2025, Ms. Patel was Vice President, Controller at IKEA Retail, the global home furnishing division of IKEA. Prior to that, Ms. Patel held positions of Senior Director of Accounting and Corporate Assistant Controller at VeriFone Systems Inc., a leader in payments and commerce solutions, from September 2020 to March 2024. She also served as Assurance Senior Manager for Ernst & Young LLP, a large global independent public accounting firm, from October 2011 to August 2020. Ms. Patel is a Certified Public Accountant and holds a Bachelor of Business Administration degree from Temple University.
There is no arrangement or understanding between Ms. Patel and any other person pursuant to which she was selected as an officer of the Company. There are no transactions between Ms. Patel and the Company that would be required to be reported under Item 404(a) of Regulation S-K. Additionally, there are no family relationships between Ms. Patel and any director or executive officer of the Company.
Quantum Corporation published this content on October 09, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 09, 2026 at 20:47 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]