Quantum Appoints Board Member James C. Clancy as New Chief Operating Officer

Quantum Corporation (QMCO) announced the appointment of James C. Clancy as its Chief Operating Officer, effective September 28, 2026. To assume the new executive role, Mr. Clancy resigned from his position as a member of the company's Board of Directors. Mr. Clancy is a technology veteran with previous senior leadership roles at Dell Technologies and EMC Corporation.

Key Details

• Appointment: James C. Clancy was appointed Chief Operating Officer, effective September 28, 2026, and simultaneously resigned from the Board of Directors and its committees.
• Compensation Package: Includes a $400,000 annual base salary, a target bonus of 60% of base salary, 150,000 restricted stock units (RSUs), and an option to purchase 400,000 shares of common stock.
• Severance Terms: In the event of an involuntary termination following a change of control, Mr. Clancy is entitled to 12 months' base salary, 100% of his target bonus, and 100% accelerated vesting of time-based equity awards.