UNITED STATES |----------------|
SECURITIES AND EXCHANGE COMMISSION |SEC FILE NUMBER |
| 0-12390 |
Washington, D.C. 20549 |----------------|
FORM 12b-25 |----------------|
| CUSIP NUMBER |
NOTIFICATION OF LATE FILING | |
|----------------|
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [x] Form 10-Q [ ] Form N-SAR
For Period Ended: October 1, 1995
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
PART I -- REGISTRANT INFORMATION
QUANTUM CORPORATION
Full Name of Registrant
Former Name if Applicable
500 MCCARTHY BOULEVARD
Address of Principal Executive Office (Street and Number)
MILPITAS, CALIFORNIA 95035
City, State and Zip Code
PART II -- RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
[x] Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof, will
be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report of transition
report on Form 10-Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period.
In connection with the completion of its Quarterly Report, the Company
required the additional assistance of certain key executives beyond the
level the Company had anticipated. Unfortunately, due to important
business requirements and travel schedules, these individuals were
unavailable to provide the Company with the assistance necessary to
complete the Quarterly Report in a timely manner.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Joseph T. Rodgers 408 894-4000
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or
15(d) of the Securities Exchange Act of 1934 or Section 30 of
the Investment Company Act of 1940 during the preceding
12 months or for such shorter period that the registrant
was required to file such report(s) been filed? If answer
is no, identify report(s). [x] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal
year will be reflected by the earnings statements to be
included in the subject report or portion thereof?
[x] Yes [ ] No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state
the reasons why a reasonable estimate of the results cannot
be made.
QUANTUM CORPORATION
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date November 14, 1995 By /s/ Joseph T. Rodgers,
Executive Vice President,
Finance and CFO
INSTRUCTION: The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and
title of the person signing the form shall be typed or printed beneath the
signature. If the statement is signed on behalf of the registrant by an
authorized representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
IV.(3) OTHER INFORMATION
The Company announced its results for the second fiscal quarter of 1996
on October 26, 1995. Revenue for the three and six month periods ended
October 1, 1995 exceeded the levels for the corresponding periods in the
prior fiscal year. However, operating results for the current periods were
below the levels reported for the prior fiscal year due to a decline in gross
margins and an increase in operating expenses attributable in part to the
Company's acquisition of the Disks, Heads and Tapes Business of the Storage
Business Unit of Digital Equipment Corporation, on October 3, 1994. On
November 8, 1995, the Company announced a restructuring of its high capacity
business, including the businesses acquired in the acquisition.
