Laura A. Nash
About Laura A. Nash
Laura A. Nash, 45, serves as Quantum Corporation’s Chief Accounting Officer (since June 2023) and, following the CFO’s resignation, was appointed Principal Financial Officer effective August 18, 2025 . She previously was Quantum’s Controller (June 2019–June 2023) and spent ~14 years at Ernst & Young in audit and financial accounting advisory services across the U.S. and U.K.; she holds a Bachelor of Laws (University of Aberdeen), a Certificate in Accounting (University of Washington–Foster), and is a member of the Institute of Chartered Accountants of Scotland . Nash certified Quantum’s FY2025 10-K under SOX 302 and 906 as Principal Financial and Accounting Officer, underscoring responsibility for financial reporting, disclosure controls, and internal control remediation amid restatements and material weaknesses . Company performance during FY2025: revenue declined 12% year-over-year to $274.1M (from $311.6M), and net loss widened to $(115.1)M (vs. $(41.3)M) ; stock closed at $14.38 on March 31, 2025 vs. $12.00 in FY2024, while the proxy’s pay-versus-performance table shows Company TSR value of fixed $100 investment of $23 in FY2025 vs. $19 in FY2024 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Quantum Corporation | Controller | Jun 2019–Jun 2023 | Led controllership through operational transitions, precursor to CAO role . |
| Ernst & Young (U.S. & U.K.) | Audit & Financial Accounting Advisory Services | Sep 2005–Jun 2019 | Technical accounting and audit leadership; foundation for internal control rigor . |
| Quantum Corporation | Chief Accounting Officer (Principal Financial & Accounting Officer for filings) | Jun 2023–present | SOX certifications; oversight of restatement implementation and control remediation . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Institute of Chartered Accountants of Scotland | Member | Ongoing | Professional standards and ethics; credential supports governance of financial reporting . |
Fixed Compensation
- Not disclosed for Laura A. Nash in the FY2025 proxy’s Summary Compensation Table (she was not a named executive officer for FY2025). Quantum’s short-term incentive framework (QIP) existed company-wide, but FY2025 QIP paid no bonuses due to unmet Adjusted EBITDA targets; retention bonuses and tax gross-ups applied to FY2025 NEOs, not to Nash per disclosed tables .
Performance Compensation
- Not disclosed specifically for Nash. QMCO’s FY2025 executive PSU framework (applied to NEOs) used two metrics—both subject to continued service and two-year vesting for earned PSUs: (1) Final FY2025 net Adjusted EBITDA target of $12.0M (not achieved; PSUs canceled); (2) Total Myriad revenue of $10.0M by March 31, 2026 (performance period ongoing), with vesting over two years if earned .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Net Adjusted EBITDA (FY2025) | 50% | $12.0M | Not achieved | PSUs canceled | If achieved: 2-year equal annual installments |
| Total Myriad Revenue (through Mar 31, 2026) | 50% | $10.0M | In-progress (performance window open) | TBD | If achieved: 2-year equal annual installments |
Equity Ownership & Alignment
- Insider filings: Company disclosures indicate Form 4s for Nash on April 4, 2025 and September 17, 2025 . SEC shows a Form 4 for Oct 1, 2025 (filed Oct 3, 2025), noting automatic sale to cover withholding taxes, typical of RSU vest events .
- Hedging/Pledging: QMCO’s insider trading policy prohibits short sales, purchases on margin, hedging/monetization via derivatives, and options trading; no pledging was disclosed for Nash .
- Ownership guidelines: Board policy requires CEO 3x salary and CFO 2x salary; directors 5x annual retainer. Eligible positions measured for compliance annually; Nash’s specific guideline level was not disclosed, but CFO guideline is 2x salary .
Employment Terms
- Appointment: After CFO resignation, Nash was appointed Principal Financial Officer effective August 18, 2025; no arrangement or understanding led to her selection; no related party transactions and no family relationships were disclosed .
- Agreements/Severance: QMCO disclosed severance/change-in-control terms for NEOs; Nash’s individual severance or CoC terms were not disclosed .
Company Performance Context (FY2024 → FY2025)
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Total revenue ($000) | $311,600 | $274,058 |
| Net income (loss) ($000) | $(41,286) | $(115,091) |
Additional context:
- FY2025 restatement and material weaknesses: Audit Committee and management identified revenue recognition inconsistencies under ASC 606; FY2025 quarterly financials were restated; internal control over financial reporting was deemed ineffective as of Mar 31, 2025, with ongoing remediation .
- Stock price markers: $14.38 close on Mar 31, 2025 used for equity valuation; prior-year stock price $12.00; TSR table indicates Company TSR $23 (FY2025) vs $19 (FY2024) on a fixed $100 base .
Investment Implications
- Alignment and discipline: Anti-hedging rules and stock ownership guidelines support executive-stockholder alignment; Nash’s SOX certifications and PFO role place her at the center of disclosure and control remediation .
- Execution risk: Restatements and disclosed material weaknesses raise control/execution risk until remediation is complete; Nash’s leadership in accounting and as PFO is critical to restoring reporting credibility .
- Insider selling pressure: Form 4 activity indicates occasional non-discretionary tax-withholding sales around vest dates—typically modest, yet can create episodic selling pressure; no hedging or pledging disclosed .
- Capital structure and governance backdrop: QMCO is pursuing debt exchange/convertible notes and warrants with potential dilution and minimum liquidity covenants; while not Nash-specific, these macro developments frame compensation/equity award value and retention considerations for all executives .
Key takeaway: Nash’s expanded financial leadership (PFO) during a control-remediation and balance-sheet restructuring phase elevates her importance for investors tracking turnaround execution, reporting discipline, and the timing of resolved material weaknesses and restatements .
