Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Offices; Compensatory Arrangements of Certain Officers.

Effective as of April 19, 2021, Brian Cabrera was appointed Chief General Counsel & Legal Compliance Officer of Quantum Corporation ("Quantum").

Mr. Cabrera, age 56, most recently served as the Assistant United States Attorney from October 2018 to April 2020 and as Special Assistant United States Attorney from October 2017 to October 2018 in the Office of the United States Attorney, Northern District of California. From [May] 2014 to [June] 2017, Mr. Cabrera served as Senior Vice President & General Counsel of NVIDIA Corporation. Prior to NVIDIA, Mr. Cabrera served as General Counsel and Corporate Secretary, Chief Ethics & Compliance Officer of Synopsys, Inc. from 2006 to 2014. From 1999 to 2006, Mr. Cabrera served as Senior Vice President, Operations, General Counsel and Corporate Secretary of Callidus Software, Inc. Prior to Callidus Software, Mr. Cabrera held various legal positions with PeopleSoft, Inc., Netscape Communications Corporation, Silicon Graphics and Bronson, Bronson & McKinnon.

Mr. Cabrera entered into an offer letter of employment dated April 19, 2021 with Quantum, pursuant to which he will receive an annual base salary of $360,000 and be eligible to receive an annual target bonus equal to 50% of his base salary. Mr. Cabrera will also receive 175,000 restricted stock units, which will vest in three equal installments on each anniversary of the grant date, subject to continued employment. Mr. Cabrera will also be eligible to participate in Quantum's Change of Control Program and will become a party to Quantum's standard Amended and Restated Change of Control Agreement, a copy of which is on file with the Securities and Exchange Commission. In addition, if Mr. Cabrera (a) is involuntary terminated other than for cause (and other than due to his death or disability), and (b) the termination of his employment occurs outside of a change of control, he will be entitled to six months of his then-annual base salary and, if he elects continuation coverage under COBRA, up to six months of COBRA benefits. If the involuntary termination, other than for cause, occurs outside of change of control and before April 26, 2021, Mr. Cabrera will also receive six months of accelerated vesting of his restricted stock units. Mr. Cabrera will be eligible to participate in Quantum's other benefits plans.

Mr. Cabrera has no family relationships with any director, executive officer, or person nominated or chosen by Quantum to become a director or executive officer of Quantum. Mr. Cabrera is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

A copy of the press release announcing Mr. Cabrera's appointment is filed herewith as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.



Exhibit Number       Description
      99.1             Press Release dated April 19, 2021
       104           Cover page interactive data file, submitted using inline XBRL

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