<SEC-DOCUMENT>0001193125-19-316321.txt : 20191217
<SEC-HEADER>0001193125-19-316321.hdr.sgml : 20191217
<ACCEPTANCE-DATETIME>20191217170702
ACCESSION NUMBER:		0001193125-19-316321
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20191216
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20191217
DATE AS OF CHANGE:		20191217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			QUANTUM CORP /DE/
		CENTRAL INDEX KEY:			0000709283
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER STORAGE DEVICES [3572]
		IRS NUMBER:				942665054
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13449
		FILM NUMBER:		191290486

	BUSINESS ADDRESS:	
		STREET 1:		224 AIRPORT PARKWAY
		STREET 2:		SUITE 550
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95110
		BUSINESS PHONE:		408 944 4000

	MAIL ADDRESS:	
		STREET 1:		224 AIRPORT PARKWAY
		STREET 2:		SUITE 550
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95110
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d851431d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B><FONT
STYLE="white-space:nowrap">FORM&nbsp;8-K</FONT> </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): December 16, 2019 </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Quantum Corporation </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="34%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">1-13449</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">94-2665054</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File No.)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>224 Airport Parkway, Suite 550 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>San Jose, CA 95110 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices and zip code) </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area <FONT STYLE="white-space:nowrap">code:&nbsp;(408)&nbsp;944-4000</FONT> </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if <FONT STYLE="white-space:nowrap">the&nbsp;Form&nbsp;8-K&nbsp;filing&nbsp;is</FONT> intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant
<FONT STYLE="white-space:nowrap">to&nbsp;Rule&nbsp;14a-12&nbsp;under&nbsp;the</FONT> Exchange Act <FONT STYLE="white-space:nowrap">(17&nbsp;CFR&nbsp;240.14a-12)</FONT> </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement&nbsp;communications&nbsp;pursuant</FONT> <FONT
STYLE="white-space:nowrap">to&nbsp;Rule&nbsp;14d-2(b)&nbsp;under&nbsp;the</FONT> Exchange Act <FONT STYLE="white-space:nowrap">(17&nbsp;CFR&nbsp;240.14d-2(b))</FONT> </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement&nbsp;communications&nbsp;pursuant</FONT> <FONT
STYLE="white-space:nowrap">to&nbsp;Rule&nbsp;13e-4(c)&nbsp;under&nbsp;the</FONT> Exchange Act <FONT STYLE="white-space:nowrap">(17&nbsp;CFR&nbsp;240.13e-4(c))</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities registered pursuant to Section&nbsp;12(b) of the Act: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="34%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Title of each class</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Trading</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Symbol(s)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name of each exchange</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>on which registered</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Common Stock</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>QMCO</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>OTC Markets</B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (&#167;230.405 of this chapter) <FONT STYLE="white-space:nowrap">or&nbsp;Rule&nbsp;12b-2&nbsp;of&nbsp;the</FONT> Securities Exchange Act <FONT STYLE="white-space:nowrap">of&nbsp;1934&nbsp;(&#167;240.12b-2&nbsp;of&nbsp;this</FONT> chapter). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange
Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. </B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On December&nbsp;16, 2019, the Board of Directors (the
&#147;Board&#148;) of Quantum Corporation (the &#147;Company&#148;) appointed Rebecca Jacoby to the Board. Ms.&nbsp;Jacoby was Senior Vice President, Operations of Cisco Systems, Inc., a worldwide leader in IT networking, until her retirement in
January 2018. She was promoted to the role in July 2015 and was responsible for driving profitable growth and enabling operational excellence. Ms.&nbsp;Jacoby oversaw the supply chain, global business services, security and trust, and IT
organizations. In her former role as Cisco&#146;s CIO from 2006 to 2015, she made the Cisco IT organization a strategic business partner, producing significant business value for Cisco in the form of financial performance, customer satisfaction and
loyalty, market share, and productivity. Since joining Cisco in 1995, Ms.&nbsp;Jacoby held a variety of leadership roles in operations, manufacturing and IT. Prior to joining Cisco, Ms.&nbsp;Jacoby held a range of planning and operations positions
with other companies in Silicon Valley. Ms.&nbsp;Jacoby served on the Board of Apptio, Inc., which provides cloud-based technology business management solutions to enterprises, from 2018 until its acquisition by Vista Equity Partners in January of
2019. Ms.&nbsp;Jacoby has served on the Board of S&amp;P Global, including the Finance Committee and the Nominating and Corporate Governance Committees, since 2014. Ms.&nbsp;Jacoby also has served on the Board of the Second Harvest Food Bank of
Santa Clara and San Mateo Counties and is a founding member of the Technology Business Management Council. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There are no related party
transactions between the Company and Ms.&nbsp;Jacoby (or any immediate family member thereof) requiring disclosure under Item 404(a) of Regulation <FONT STYLE="white-space:nowrap">S-K.</FONT> Ms.&nbsp;Jacoby will participate in the Company&#146;s
standard compensation program for outside directors described in the 2019 Proxy Statement. The standard annual cash retainer for outside directors of the Company is $50,000 per year with additional smaller amounts for committee service. In
connection with her appointment to the Board, Ms.&nbsp;Jacoby executed the director offer letter, a copy of which is filed herewith as Exhibit 10.1, the Company&#146;s standard director indemnification agreement, a copy of which has been previously
filed with the Securities and Exchange Commission, and the Company&#146;s standard Amended and Restated Director Change in Control Agreement, a copy of which has been previously filed with the Securities and Exchange Commission. The director offer
letter executed by Ms.&nbsp;Jacoby contemplates that the Company will grant Ms.&nbsp;Jacoby a restricted stock award in the amount of $113,700. The number of RSUs to be awarded will be determined based on the Company&#146;s closing stock price on
the first trading day of the month following appointment. The RSU&#146;s will vest upon the earlier of one year from the date of approval of the award or the next annual meeting of stockholders of the Company, subject to her continued service on the
Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Ms.&nbsp;Jacoby has been appointed to the Leadership and Compensation Committee and the Audit Committee of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company filed a press release to announce Ms.&nbsp;Jacoby&#146;s appointment to the Board. A copy of the press release is attached to this
current report as Exhibit 99.1. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Financial Statements and Exhibits. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d) Exhibits. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;No.&nbsp;&nbsp;&nbsp;&nbsp;</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d851431dex101.htm">Director Offer Letter between Quantum Corporation and Rebecca Jacoby, dated December&nbsp;16, 2019. </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d851431dex991.htm">Press Release issued by Quantum Corporation, dated&nbsp;December 17, 2019. </A></TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="45%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: December&nbsp;17, 2019</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">QUANTUM CORPORATION</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(Registrant)</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ J. Michael Dodson</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">J. Michael Dodson</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Chief Financial Officer</TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d851431dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g851431g1217090136995.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">December 16, 2019 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ms. Rebecca Jacoby </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Via electronic mail </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Rebecca: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are pleased to offer you the opportunity to
serve on the Board of Directors (the &#147;Board&#148;) of Quantum Corporation (&#147;Quantum&#148;), effective upon your signature on this letter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under
the current Board compensation program, your Board retainer will be $50,000 per annum. Additionally, as a member of each of the Audit Committee and the Leadership and Compensation Committee, you will receive additional cash retainers of $12,500 per
annum and $10,000 respectively. These retainers are paid in cash, generally in quarterly installments, and will be prorated for partial periods of service. Quantum will also reimburse you for any reasonable travel or incidental expenses associated
with performing your duties as a Board member. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will recommend to the Leadership and Compensation Committee that restricted stock units (RSUs) with a
total value of $113,700.00 be awarded to you, which is the pro-rated equivalent of our standard annual equity award for <FONT STYLE="white-space:nowrap">non-employee</FONT> directors. The number of RSUs to be awarded will be determined based on the
company&#146;s closing stock price on the first trading day of the month following appointment. These RSUs will vest 100% on the earlier of <FONT STYLE="white-space:nowrap">one-year</FONT> from the approval date of the award, or the date of the
Company&#146;s next annual stockholder meeting. Once the grant of RSUs has been approved, you will receive documentation from E*Trade, Quantum&#146;s Stock Administrator. If you remain a Board member, you will receive an annual stock grant
thereafter, currently set at a total value of $125,000 per annum. Details regarding the annual stock program are subject to change. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Last, we are pleased
to offer you the opportunity to participate in Quantum&#146;s Deferred Compensation Program. If you are interested in further information about this program, please let us know and we will forward it to you. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To confirm your acceptance of our offer, please sign one copy of this letter, complete the enclosed
documents, and return them to Regan MacPherson via email at <U>regan.macpherson@quantum.com</U>, or by mail to: Regan MacPherson, Quantum Corporation, 224 Airport Parkway, Suite 550, San Jose, CA 95110.&nbsp;&nbsp;&nbsp;&nbsp; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Please contact me if you have any questions. Welcome to Quantum and I look forward to working with you. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sincerely,</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Jamie L. Lerner</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jamie L. Lerner</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">President &amp; CEO</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Jamie.Lerner@Quantum.com</U></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">415.218.3714</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I understand and accept the terms of this agreement and
agree to comply with all Quantum and Board policies and procedures, copies of which will have been delivered to me electronically, including those described in Quantum&#146;s &#147;The High Road: Business Conduct and Ethics Policy&#148;, Insider
Trading Policy, and Corporate Governance Principles. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="2%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="55%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Signed:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Rebecca J. Jacoby</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Date: <U>December 16, 2019&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rebecca J. Jacoby</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">CC:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Legal Department </P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Human Resources </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d851431dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g851431g1217091556244.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Public Relations Contact:</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Bob
Wientzen</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Quantum Corp.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">+1 (720) <FONT
STYLE="white-space:nowrap">201-8125</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><U>bob.wientzen@quantum.com</U></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For Release:</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dec. 17, 2019</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">1:15 p.m. PDT</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Quantum Adds Cisco Veteran to Board of Directors to Help Guide Growth and Technology Momentum </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Rebecca Jacoby Brings Transformative Business Management Experience and Vision </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SAN JOSE, Calif. &#151; Dec. 17, 2019</B> &#151; Quantum Corp. (OTCPK: QMCO) today announced that Rebecca Jacoby has joined the company&#146;s Board of
Directors. She will serve on the Board&#146;s Audit Committee and Leadership and Compensation Committee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jacoby joins Quantum&#146;s board as the company
expands its product portfolio in the high-speed processing and management of video and video-like data, and the long-term, <FONT STYLE="white-space:nowrap">low-cost</FONT> archive of unstructured data. The addition of Jacoby to the board underscores
Quantum&#146;s drive for operational excellence. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;With the company now restored to responsible and accountable governance, and with continued
significant shareholder representation on the Board, Quantum is turning its focus to growth,&#148; said Jamie Lerner, President and CEO of Quantum. &#147;With experience as both CIO and Senior Vice President of Operations at Cisco, a highly
respected business leader, Rebecca offers a track record of operational excellence and technology leadership that will be a real asset to Quantum&#146;s Board. Rebecca brings greater diversity to our Board, and a technical depth that will be
valued.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jacoby served as senior vice president of Operations at Cisco Systems Inc., a worldwide leader in IT networking, which was recently ranked
fifth best managed company worldwide in 2019 by The Wall Street Journal. Jacoby held the position of CIO for 8 years, and retired from Cisco in 2018 after more </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-more- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Quantum Adds Cisco Veteran to Board of Directors to Help Guide Growth and Technology Momentum </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December 17, 2019, 1:15 p.m. PDT &#150; Page 2 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">than 22 years of service. As SVP of Operations, she led Cisco&#146;s global operations, driving profitable
growth. She also oversaw various functions including IT, supply chain, security and trust, global procurement and employee services and workplace resources. Known for her demonstrated understanding of how to drive operational excellence, innovative
problem solving and talent development, Ms.<U></U> Jacoby was inducted into the CIO Hall of Fame by CIO magazine and was recognized by Forbes as a &#147;Superstar CIO&#148; in 2012. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;With the restatement completed and new governance practices now in place, and with a sharper focus on innovation and profitable sales, Quantum has been
on a roll with a brisk pace of new product development,&#148; said Rebecca Jacoby. &#147;This is a particularly exciting time to join Quantum&#146;s Board, and I look forward to applying my experience to help Quantum grow and realize its true
potential.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Quantum </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Quantum technology
and services help customers capture, create and share digital content &#150; and preserve and protect it for decades.&nbsp;With solutions built for every stage of the data lifecycle, Quantum&#146;s platforms provide the fastest performance for
high-resolution video, images, and industrial IoT.<U></U>&nbsp;That&#146;s why the world&#146;s leading entertainment companies, sports franchises, researchers, government agencies, enterprises, and cloud providers are making the world happier,
safer, and smarter on Quantum.<U></U>&nbsp;See how at <U>www.quantum.com</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">### </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Quantum and the Quantum logo are either registered trademarks or trademarks of Quantum Corporation and its affiliates in the United States and/or other
countries. All other trademarks are the property of their respective owners. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Safe Harbor&#148; Statement: This press release contains
&#147;forward-looking&#148; statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Specifically, but without limitation, the addition and potential contributions of Rebecca
Jacobry to the Company and its Board of Directors, statements relating to the Company&#146;s growth, technology momentum and related events are forward-looking statements within the meaning of the Safe Harbor. All forward-looking statements in this
press release are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum&#146;s actual results to differ materially from those implied by
the forward-looking statements. More detailed information about these risk factors are set forth in Quantum&#146;s periodic filings with the&nbsp;Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed
in the section entitled &#147;Risk Factors,&#148; in Quantum&#146;s Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> filed with the<U></U> Securities and Exchange Commission&nbsp;on<U></U>&nbsp;August 6, 2019. Quantum expressly
disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-end- </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g851431g1217090136995.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g851431g1217090136995.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  < + # 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#I_'/CS4!J
MTND:-*T"0MY<DT8^=W[JI[ =..<TEM\._%%[;BXO-<:"9QGRWFD=A[,0>/PS
M7-^'E%W\1;4S8.Z_=SO[D%C^>:]\KUL34^JJ-.DEM=NQY&&I_6W*I5;WT1X>
M^L>*_ VLK:W=U),J@,(I9#)'*G^R3R/PZ5[)I.I0ZQI5MJ%OGRIT#@'J/4'W
M!XK@/C!$GV/29MO[P2NF[V*@X_2M3X;R._@$@GB.295]AU_K48E1JX>->UG>
MS-,.Y4L1*C>ZM='<45XW\*KB>7Q1,LD\KK]D8X=R1]Y?6NH^*TLD7ANU:.1X
MR;M1E&(/W6]*PGA'&NJ-]S>&+4J#K6V.\HKB_ANTLW@<9D=I#+* S,2>O'-8
M ^'I4JVM^+F6;'S*)?ZNW]*GV$%.4)RM;RO<KZQ-PC.$;W\[6/4Z*\*UI+KP
M7JT$FC>('NHW7>"LH8#!^ZX!(-=WX[U6['@&TOK::2VEN&A9C"Y4X922,CM5
MRP;3ARRNI$1QB:GS1LXG=45XWX5\&W'BS2WU*XUR[B;S6BV\N3@#DDM[U2N+
MC6/ 7BQ;*+4I;B)61RK,=DJ-ZJ2<'KS5_48N3IQG>2Z6(^O245.4+1?6YZ_K
MNL0Z#H\^I3Q2210[<K'C<<D#O]:K>&?$MMXHL9;JU@FA2*7RB)<9)P#V)]:X
MSXE>&KEUN]?&H$6Z)&AM<'GD#.<X[YZ5@>"O"-WKUN;Z#5#:QV]R T05COQM
M;L1ZXIPPM%X?VCEK_6@IXJLL1[-1T_K4]MHKR3XMW-Q!J]@(9Y8P;9B0CE<_
M-[5Z;HY+:'I[$DDVT9))Z_**Y:E!PI1J7^(ZJ==3JRIV^$O45XMX)NKF3XDB
M-[F9T\RX^5I"1_%VS3_'.H:G/XZETN/4KF*W9X8TC60A5W*H)P.O6NCZB_:^
MSYNESG^OKV7M.7K8]FHKRC5_AM=:5I%QJ%KKMS+/;(92A!7(')P0W!K'\-V6
MK^.[N6VO->NDAM8U;EBV<G XR!VZFDL)"4'4C4T6^C!XRI&:IRIZO;5'M]%>
M(>(--U3X?:O:RV.K32K*I="21G:1E67)!'(KV33+P:AI=I>A=OVB%)=OID U
ME7P_LXQG%W3-J&(]I)PDK-'ANKQ7'A/QX\WED^3=?:8@?^6D9.>OT)'UKV*Q
M\7:!?VBW$6JVJ*1DK+($9?8@U8UG0-,U^!8=1M5E"_<?HR?0CD5QMQ\+="$[
M!9[]0.@\Q3_-:Z^>EBXKGNI(X^2IA)/DLXLYOXA^)+?Q'J=I8Z8XF@MR?W@.
M%>1N.">P Z^YKOO"$%GIOA:+2HKZTN+P1/)*D$RN=QY/3KC(&:P?^%7Z)_S]
M:A_W\3_XBMCPQX*TWP_JQO;2:Z>0Q-'B5E(P2/11Z5IB%3]@H0;M'\2,.ZGM
MW.5KRT]#@?AA=P6?BQA<R+%YML\:ES@;L@XY[\&NL^+%Q"_AVUC2:-G^U*=H
M8$XVMSBKVN?#G0+^X>[V3VTDK;G$#@*Q/).""!^%9MK\+]"DD4O<7[9'(\U?
M_B:KFIU*D<1JK=/Z9'+4ITY8?37K_2*WA^_NM,^#UY=V1*W"/)M8=4RX!;\
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7  <\=<<54YQEAJ<.UR81E'$5)KK8_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g851431g1217091556244.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g851431g1217091556244.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  < + # 2(  A$! Q$!_\0
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M_B:KFIU*D<1JK=/Z9'+4ITY8?37K_2*WA^_NM,^#UY=V1*W"/)M8=4RX!;\
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7  <\=<<54YQEAJ<.UR81E'$5)KK8_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
