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13D Filing: Starboard Value Lp and Quantum Corp (QTM)

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In a recent filing with the Securities and Exchange Commission, Jeffrey Smith‘s Starboard Value reported its activist position in Quantum Corp (NYSE:QTM). According to the filing, Starboard owns 42.28 million shares of Quantum Corp, the stake amassing 14.8% of the company’s outstanding common stock. The holding represents an increase from the 25.70 million shares Starboard revealed in its last 13F filing (for the end of September).

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
STARBOARD VALUE LP 42,279,698 42,279,698 42,279,698 42,279,698 42,279,698 14.8%
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD 25,564,402 42,279,698 25,564,402 42,279,698 25,564,402 9.2%
STARBOARD VALUE AND OPPORTUNITY S LLC 5,489,484 42,279,698 5,489,484 42,279,698 5,489,484 2.1%
STARBOARD VALUE AND OPPORTUNITY C LP 2,637,166 2,637,166 2,637,166 Less than 1%
STARBOARD VALUE R LP 2,637,166 2,637,166 2,637,166 Less than 1%
STARBOARD VALUE R GP LLC 2,637,166 2,637,166 2,637,166 Less than 1%
STARBOARD VALUE GP LLC 42,279,698 42,279,698 42,279,698 14.8%
STARBOARD PRINCIPAL CO LP 42,279,698 42,279,698 42,279,698 14.8%
STARBOARD PRINCIPAL CO GP LLC 42,279,698 42,279,698 42,279,698 14.8%
JEFFREY C. SMITH 137,565 137,565 42,417,263 14.9%
MARK R. MITCHELL 42,279,698 14.8%
PETER A. FELD 42,279,698 14.8%
Jeffrey Smith
Jeffrey Smith
Starboard Value LP

Page 1 of 20 SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
(Amendment No. 6)1
Quantum Corporation
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
747906204
(CUSIP Number)
JEFFREY C. SMITH
STARBOARD VALUE LP
777 Third Avenue, 18th Floor
New York, New York 10017
(212) 845-7977
STEVE WOLOSKY, ESQ.
OLSHAN FROME WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)
January 25, 2016
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.
_______________
1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on 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 (however, see the Notes).
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