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

Published on January 27, 2016 at 10:49 am by Meena Krishnamsetty in Hedge Funds,News

Page 1 of 20

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

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).

Follow Quantum Corp (NYSE:QTM)Follow Quantum Corp (NYSE:QTM)

Page 1 of 20

Next >>