SEC Form SC 13G filed by Quantum Corporation

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________

Schedule 13G

Under the Securities Exchange Act of 1934

_____________________________________

Quantum Corporation

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

747906501

(CUSIP Number)

August 18, 2023

(Date of Event which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

CUSIP No. 747906501

 

CUSIP No. 747906501

 

CUSIP No. 747906501

 

Quantum Corporation (the “Issuer”)

 

224 Airport Parkway, Suite 550

San Jose, CA 95110

 

The Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”)

 

Capital serves as the general partner of the Fund, which directly holds Shares (as defined in Item 2(d) below). Nat Klipper serves as the Managing Member of Capital and the Managing Partner of the Fund.

 

The address of the principal business office of each of the Reporting Persons is 429 Lenox Avenue, Miami Beach, FL 33139.

 

 

 

Common Stock, par value $0.01 per share (the “Shares”)

 

747906501

This Item 3 is not applicable.

 

 

Fund - 7,295,664 Shares

Capital - 7,295,664 Shares

Nat Klipper - 8,951,256 Shares

 

Fund – 7.7%

Capital – 7.7%

Nat Klipper – 9.4%

(i) Sole power to vote or to direct the vote: 7,295,664

(ii) Shared power to vote or to direct the vote: 0

(iii) Sole power to dispose or to direct the disposition of: 7,295,664

(iv) Shared power to dispose or to direct the disposition of: 0

Number of shares as to which Capital has:

(i) Sole power to vote or to direct the vote: 7,295,664

(ii) Shared power to vote or to direct the vote: 0

(iii) Sole power to dispose or to direct the disposition of: 7,295,664

(iv) Shared power to dispose or to direct the disposition of: 0

Number of shares as to which Nat Klipper has:

(i) Sole power to vote or to direct the vote: 8,951,256

(ii) Shared power to vote or to direct the vote: 0

(iii) Sole power to dispose or to direct the disposition of: 8,951,256

(iv) Shared power to dispose or to direct the disposition of: 0

Capital may be deemed to have sole power to vote and sole power to dispose of the Shares held by the Fund, through its capacity as general partner of the Fund. Nat Klipper may be deemed to have sole power to vote and sole power to dispose of the Shares held by the Fund, through his capacity as the Managing Member of Capital and the Managing Partner of the Fund.

The percentages reported for Item 4(b) are calculated based on a total of 95,040,608 Shares outstanding on August 4, 2023, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on August 8, 2023.

This Item 5 is not applicable.

 

See disclosure in Item 4, which is incorporated by reference herein.

 

See disclosure in Item 2, which is incorporated by reference herein.

 

This Item 8 is not applicable.

 

This Item 9 is not applicable.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct.

 

Exhibit 99.1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including additional amendments thereto) with respect to the Common Stock, par value $0.01 per share, of Quantum Corporation. This Joint Filing Agreement shall be filed as an Exhibit to such Statement. The undersigned acknowledge that each shall be responsible for the timely filing of any amendments to such joint filing and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others.

This Agreement may be executed in any number of counterparts, each of which shall be deemed an original.

EXECUTED as of this 1st day of December, 2023.