Quantum Corporation filed a Form 12b-25 with the Securities and Exchange Commission, notifying a delay in its Annual Report on Form 10-K for the fiscal year ended March 31, 2026. The company now expects to file the report on or before June 29, 2026, the fifteenth calendar day following the original due date, as provided under Rule 12b-25. The delay stems from significant balance sheet transactions completed on June 4, 2026, which required substantial focus from senior management during the period leading up to the original filing deadline.

Reasons for Delay

The preparation and financial reporting for the June 4 transactions necessitated additional time to complete the audit of financial statements with its independent registered public accounting firm. Fiscal 2026 marks the first year the company's financial statements have been audited by its current independent registered public accounting firm, involving additional first-year audit procedures. Furthermore, Quantum became an accelerated filer beginning with its Fiscal 2026 Form 10-K, subjecting the company to an earlier filing deadline and additional procedures related to management's assessment of internal control over financial reporting.

Impact on Financial Results

Quantum stated that it does not currently expect the delay to affect its previously announced preliminary unaudited financial results for the fourth quarter of Fiscal 2026 or its financial statements for any prior fiscal period. The company will reschedule its earnings release and conference call for the fiscal fourth quarter and full year 2026, which were previously set for June 15, 2026. A new date and time will be announced once the filing date of its Form 10-K is confirmed.