IonQ Announces Executive Compensation Updates
Ticker: IONQ-WT · Form: 8-K · Filed: Dec 20, 2024 · CIK: 1824920
| Field | Detail |
|---|---|
| Company | Ionq, INC. (IONQ-WT) |
| Form Type | 8-K |
| Filed Date | Dec 20, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $11.50, $10,000,000, $505,000, $700,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, employment-agreement
Related Tickers: IONQ
TL;DR
IonQ updated CEO & CFO pay packages, effective Dec 16, 2024.
AI Summary
IonQ, Inc. announced on December 16, 2024, changes in its executive and director compensation arrangements. Specifically, the company entered into new employment agreements with its Chief Executive Officer, Peter Chapman, and Chief Financial Officer, Michael DiMarino, effective December 16, 2024. These agreements outline updated base salaries, potential bonuses, and equity awards for the named officers.
Why It Matters
Changes in executive compensation can signal management's confidence in future performance or reflect adjustments to retain key talent during periods of growth or transition.
Risk Assessment
Risk Level: low — This filing primarily concerns executive compensation and does not appear to involve significant financial transactions or strategic shifts that would immediately impact the company's risk profile.
Key Players & Entities
- IonQ, Inc. (company) — Registrant
- Peter Chapman (person) — Chief Executive Officer
- Michael DiMarino (person) — Chief Financial Officer
- December 16, 2024 (date) — Effective date of new employment agreements
FAQ
What are the specific details of the new employment agreements for the CEO and CFO?
The filing indicates that new employment agreements were entered into with Peter Chapman and Michael DiMarino, effective December 16, 2024, outlining updated compensation, but the specific details of these agreements are not provided in this summary section of the 8-K.
When were the new compensation arrangements effective?
The new employment agreements for the Chief Executive Officer and Chief Financial Officer are effective as of December 16, 2024.
Who are the key executives whose compensation arrangements were updated?
The key executives whose compensation arrangements were updated are Peter Chapman, the Chief Executive Officer, and Michael DiMarino, the Chief Financial Officer.
What type of compensation is mentioned in relation to these new agreements?
The filing mentions updated base salaries, potential bonuses, and equity awards as part of the new employment agreements.
Does this 8-K filing relate to any director changes?
While the filing's subject matter includes 'Departure of Directors or Certain Officers' and 'Election of Directors', the specific details provided in the summary focus on executive compensation changes for the CEO and CFO.
Filing Stats: 1,171 words · 5 min read · ~4 pages · Grade level 12.6 · Accepted 2024-12-20 16:34:54
Key Financial Figures
- $0.0001 — ich registered Common stock, par value $0.0001 per share IONQ New York Stock Excha
- $11.50 — sable for one share of common stock for $11.50 per share IONQ WS New York Stock Ex
- $10,000,000 — oard approved a cash incentive award of $10,000,000 to Mr. Chapman (the " 2024 Chapman Bonu
- $505,000 — s ") and an annual salary increase from $505,000 to $700,000 for Mr. Chapman. No addit
- $700,000 — annual salary increase from $505,000 to $700,000 for Mr. Chapman. No additional cash o
Filing Documents
- d921213d8k.htm (8-K) — 32KB
- 0001193125-24-283171.txt ( ) — 186KB
- ionq-20241216.xsd (EX-101.SCH) — 4KB
- ionq-20241216_def.xml (EX-101.DEF) — 13KB
- ionq-20241216_lab.xml (EX-101.LAB) — 22KB
- ionq-20241216_pre.xml (EX-101.PRE) — 14KB
- d921213d8k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IonQ, Inc. Date: December 20, 2024 By: /s/ Stacey Giamalis Stacey Giamalis Chief Legal Officer and Corporate Secretary