Quantum Corporation and VIEX Capital Advisors Sign Agreement to Reconstitute Quantum Board to Consist of a Majority of New Directors (March 3rd, 2017)
SAN JOSE, Calif. March 3, 2017 Quantum Corp. (NYSE: QTM) today announced that it has reached an agreement with VIEX Capital Advisors, LLC, which owns approximately 11 percent of outstanding shares of Quantums common stock, to reconstitute the Quantum board of directors with a majority of new, independent directors over the next several months. Specifically, Quantum has committed to identify, within the next 90 days and subject to VIEXs approval, three new, independent and qualified directors to be appointed to the board following the companys fiscal 2016 Annual Meeting of Stockholders to be held on March 31, 2017 (the 2016 Annual Meeting).
[Quantum Letterhead] (August 22nd, 2011)
As a Member of the Board of Directors, and under the current Board compensation program, your Board retainer will be $40,000 per annum, all of which will be paid in cash. Additionally, as a member of the Leadership and Compensation Committee of the Board, you will receive a cash retainer of $10,000 per annum. The retainers are generally paid in quarterly installments. Quantum will also reimburse you for any travel or incidental expenses associated with performing your duties as a Board member.
Avid Technology, Inc. (July 19th, 2007)
This letter is to confirm that we have agreed that, notwithstanding anything to the contrary in the Employment Agreement dated as of July 24, 2002 (the Employment Agreement) between Avid Technology, Inc. (Avid) and you, in connection with your resignation as an officer, director and employee of Avid effective July 31, 2007, you shall be entitled to the payments and benefits set forth in Section 4.2.3 of the Employment Agreement (subject to the execution of a General Release of Claims as set forth in such Section 4.2.3), and the Date of Termination solely for purposes of clause (e) of Section 4.2.3 shall be July 31, 2007. In addition, you have agreed to serve as a consultant to the Company through September 30, 2007.
Executive Employment Agreement Avid Technology, Inc. (October 13th, 2006)
This Executive Employment Agreement (Agreement) is entered into as of October 13, 2006 (the Effective Date) between Avid Technology, Inc., a Delaware corporation with its principal executive offices at Avid Technology Park, Tewksbury, Massachusetts (the Company), and Graham Sharp (Executive) of Walnut House, 4 Byeways, Highclare, Hampshire RG209PW.
Voting Agreement (March 21st, 2005)
VOTING AGREEMENT, dated as of March 20, 2005 (this Agreement), among the stockholders listed on the signature page(s) hereto (collectively, the Stockholders and each individually, a Stockholder), Pinnacle Systems, Inc., a California corporation (the Company) and Avid Technology, Inc., a Delaware corporation (the Buyer). Capitalized terms used and not otherwise defined herein shall have the respective meanings assigned to them in the Merger Agreement referred to below.
Contract (March 11th, 2004)
Change-in-Control Agreement Date: May 21, 2003 Trish Baker Avid Technology, Inc. Avid Technology Park One Park West Tewksbury, MA 01876 The Board of Directors (the "Board") of Avid Technology, Inc. ("Avid" or the "Company") recognizes that your contributions to the future growth and success of the Company will be substantial and the Board desires to assure the Company of your continued services for the benefit of the Company, particularly in the face of a change-in-control of the Company. This letter agreement ("Agreement") therefore sets forth those benefits which the Company will provide to you in the event your employment within the Company is terminated after a "Change in Control of the Company" (as defined in Paragraph 2(i)) under the circumstances described below. 1. TERM. If a Change in Control of the Company should occur while you are still an employee of the Company, then this Agreement shall continue
Contract (March 11th, 2004)
EXECUTIVE EMPLOYMENT AGREEMENT AVID TECHNOLOGY, INC. --------------------- This Employment Agreement ("Agreement") is entered into as of May 21, 2003 (the "Effective Date") between Avid Technology, Inc., a Delaware corporation with its principal executive offices at Avid Technology Park, Tewksbury, Massachusetts (the "Company"), and Trish Baker ("Executive") of 855 Boardwalk Place, Redwood City, California 95065. Article 1. Services ------------------- 1.1. Service. During the Term (as defined below), the Company shall retain the services of Executive to serve as an executive of the Company and the Executive shall devote her time and render services to the Company upon the terms and conditions set forth below. 1.2. Duties. During the Term, Executive agrees to perform such executive duties consistent with her position as may be assigned to her from time to
Employment Agreement (March 30th, 2000)