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Quantum Receives NYSE Notification Related to Late Filing of Form 10-Q

SAN JOSE, Calif., Feb. 16, 2018 /PRNewswire/ — Quantum Corp. (NYSE: QTM) today announced that on Feb. 15, 2018, the New York Stock Exchange notified the company that it is not in compliance with the NYSE’s continued listing standard because the company has not timely filed Form 10-Q for its fiscal third quarter 2018 ended Dec. 31, 2017. As previously announced, Quantum’s audit committee is conducting an independent investigation of accounting matters related to revenue recognition, and the company intends to release its fiscal third quarter 2018 earnings results and file the associated Form 10-Q as soon as practicable following the completion of the audit committee’s investigation.