Quantum Corp. Gets Strategic Investment, Names New Financial Chief

Dow Jones

04 Apr

By Kelly Cloonan

Quantum Corp. said a strategic investor bought a portion of its debt and it named a new finance chief as the data needs of its AI-driven clients evolve.

The maker of computer-storage devices said Thursday that Dialectic Capital Management purchased $51 million in outstanding term debt previously held by Blue Torch Capital. As part of the transaction, Dialectic's John Fichthorn will rejoin Quantum's board.

Dialectic expects that improved balance sheets will accelerate Quantum's customer growth, Fichthorn said.

The San Jose, Calif., company also on Thursday said it appointed Lewis Moorehead as its next chief financial officer, effective Friday. Moorehead joined the company in 2018 and currently serves as chief accounting officer.

Moorehead will succeed Ken Gianella, who is expected to remain with the company in an advisory role until the filing of its annual report with the Securities and Exchange Commission.

Quantum also said Chris Neumeyer, an executive vice president and portfolio manager at Pacific Investment Management Company, would join the board in a non-voting role as another member resigns.

Neumeyer previously served as a board member for over two years.

"We are excited to move forward with a top-tier bank in PIMCO, and an equity focused finance partner in Dialectic," Chief Executive Jamie Lerner said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

April 03, 2025 18:03 ET (22:03 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2524212867"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2524212867\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2524212867?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-04 06:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2524212867","market":"fut","top_or_hot":-1,"title":"Quantum Corp. Gets Strategic Investment, Names New Financial Chief","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Kelly Cloonan \n</p>\n<pre>\n \n</pre>\n<p>\n  Quantum Corp. said a strategic investor bought a portion of its debt and it named a new finance chief as the data needs of its AI-driven clients evolve. \n</p>\n<p>\n  The maker of computer-storage devices said Thursday that Dialectic Capital Management purchased $51 million in outstanding term debt previously held by Blue Torch Capital. As part of the transaction, Dialectic's John Fichthorn will rejoin Quantum's board. \n</p>\n<p>\n  Dialectic expects that improved balance sheets will accelerate Quantum's customer growth, Fichthorn said. \n</p>\n<p>\n  The San Jose, Calif., company also on Thursday said it appointed Lewis Moorehead as its next chief financial officer, effective Friday. Moorehead joined the company in 2018 and currently serves as chief accounting officer. \n</p>\n<p>\n  Moorehead will succeed Ken Gianella, who is expected to remain with the company in an advisory role until the filing of its annual report with the Securities and Exchange Commission. \n</p>\n<p>\n  Quantum also said Chris Neumeyer, an executive vice president and portfolio manager at Pacific Investment Management Company, would join the board in a non-voting role as another member resigns. \n</p>\n<p>\n  Neumeyer previously served as a board member for over two years. \n</p>\n<p>\n  \"We are excited to move forward with a top-tier bank in PIMCO, and an equity focused finance partner in Dialectic,\" Chief Executive Jamie Lerner said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 03, 2025 18:03 ET (22:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Quantum Corp. Gets Strategic Investment, Names New Financial Chief</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQuantum Corp. Gets Strategic Investment, Names New Financial Chief\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-04 06:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Kelly Cloonan \n</p>\n<pre>\n \n</pre>\n<p>\n  Quantum Corp. said a strategic investor bought a portion of its debt and it named a new finance chief as the data needs of its AI-driven clients evolve. \n</p>\n<p>\n  The maker of computer-storage devices said Thursday that Dialectic Capital Management purchased $51 million in outstanding term debt previously held by Blue Torch Capital. As part of the transaction, Dialectic's John Fichthorn will rejoin Quantum's board. \n</p>\n<p>\n  Dialectic expects that improved balance sheets will accelerate Quantum's customer growth, Fichthorn said. \n</p>\n<p>\n  The San Jose, Calif., company also on Thursday said it appointed Lewis Moorehead as its next chief financial officer, effective Friday. Moorehead joined the company in 2018 and currently serves as chief accounting officer. \n</p>\n<p>\n  Moorehead will succeed Ken Gianella, who is expected to remain with the company in an advisory role until the filing of its annual report with the Securities and Exchange Commission. \n</p>\n<p>\n  Quantum also said Chris Neumeyer, an executive vice president and portfolio manager at Pacific Investment Management Company, would join the board in a non-voting role as another member resigns. \n</p>\n<p>\n  Neumeyer previously served as a board member for over two years. \n</p>\n<p>\n  \"We are excited to move forward with a top-tier bank in PIMCO, and an equity focused finance partner in Dialectic,\" Chief Executive Jamie Lerner said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 03, 2025 18:03 ET (22:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524212867","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524212867","pubTimestamp":1743717780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Quantum Corp. said a strategic investor bought a portion of its debt and it named a new finance chief as the data needs of its AI-driven clients evolve.The maker of computer-storage devices said Thursday that Dialectic Capital Management purchased $51 million in outstanding term debt previously held by Blue Torch Capital. As part of the transaction, Dialectic's John Fichthorn will rejoin Quantum's board.Dialectic expects that improved balance sheets will accelerate Quantum's customer growth, Fichthorn said.The San Jose, Calif., company also on Thursday said it appointed Lewis Moorehead as its next chief financial officer, effective Friday. Moorehead joined the company in 2018 and currently serves as chief accounting officer.Moorehead will succeed Ken Gianella, who is expected to remain with the company in an advisory role until the filing of its annual report with the Securities and Exchange Commission.Quantum also said Chris Neumeyer, an executive vice president and portfolio manager ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"量子公司获得战略投资，任命新财务主管","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALIZY":0.9,"QMCO":0.9},"content_text":"By Kelly Cloonan \n\n\n \n\n\n  Quantum Corp. said a strategic investor bought a portion of its debt and it named a new finance chief as the data needs of its AI-driven clients evolve. \n\n\n  The maker of computer-storage devices said Thursday that Dialectic Capital Management purchased $51 million in outstanding term debt previously held by Blue Torch Capital. As part of the transaction, Dialectic's John Fichthorn will rejoin Quantum's board. \n\n\n  Dialectic expects that improved balance sheets will accelerate Quantum's customer growth, Fichthorn said. \n\n\n  The San Jose, Calif., company also on Thursday said it appointed Lewis Moorehead as its next chief financial officer, effective Friday. Moorehead joined the company in 2018 and currently serves as chief accounting officer. \n\n\n  Moorehead will succeed Ken Gianella, who is expected to remain with the company in an advisory role until the filing of its annual report with the Securities and Exchange Commission. \n\n\n  Quantum also said Chris Neumeyer, an executive vice president and portfolio manager at Pacific Investment Management Company, would join the board in a non-voting role as another member resigns. \n\n\n  Neumeyer previously served as a board member for over two years. \n\n\n  \"We are excited to move forward with a top-tier bank in PIMCO, and an equity focused finance partner in Dialectic,\" Chief Executive Jamie Lerner said. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 03, 2025 18:03 ET (22:03 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0}}}