On June 6, 2024, the Board of Directors of Quantum Corporation, on the recommendation of the Corporate Governance and Nominating Committee of the Board, unanimously appointed Todd W. Arden as a director, effective immediately. Mr. Arden was appointed to serve in such capacity until the Company?s 2024 annual meeting of stockholders or until his earlier resignation, removal or disqualification. Mr. Arden, age 57, most recently served as Senior Managing Director and Co-Chief Credit Officer for Black Diamond Capital Management, LLC, an alternative asset management firm, from January 2016 to March 2020.

Mr. Arden received a Bachelor of Arts degree in Economics from Northwestern University and a Masters in Business Administration degree from Columbia University?s Graduate School of Business. Mr. Arden is a Chartered Financial Analyst.