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The latest update is out from Quantum (QMCO).
Quantum Corporation has appointed Todd W. Arden as a director on the recommendation of its Corporate Governance and Nominating Committee. With a rich background as a Senior Managing Director and Co-Chief Credit Officer at Black Diamond Capital Management and an educational pedigree from Northwestern and Columbia University, Mr. Arden brings valuable expertise to the board. He has agreed to a compensation of $15,000 per month and will serve until the 2024 annual meeting, with the provision to resign shortly after the Blue Torch Takeout Date. No conflicts of interest were reported regarding his appointment. Additionally, the company has been granted an extension by the Nasdaq hearings panel to meet minimum bid price requirements and to file overdue quarterly reports.
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