D-Wave Quantum Appoints New Directors, Updates Executive Pay
Ticker: QBTS · Form: 8-K · Filed: Jul 19, 2024 · CIK: 1907982
Sentiment: neutral
Topics: board-changes, executive-compensation, management-changes
TL;DR
D-Wave adds 2 directors, rejiggers CEO/CFO pay. Board shakeup incoming?
AI Summary
D-Wave Quantum Inc. announced on July 18, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Andrew (Andy) Thaler and Dr. Christian Seberino, to its Board of Directors. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Dr. Alan Baratz, and Chief Financial Officer, Paul Tilley, effective July 18, 2024, which include updated compensation packages.
Why It Matters
The appointment of new directors and updated executive compensation can signal strategic shifts or confidence in leadership, potentially impacting investor sentiment and the company's future direction.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts or strategic realignments that may carry inherent risks.
Key Players & Entities
- D-Wave Quantum Inc. (company) — Registrant
- Andrew (Andy) Thaler (person) — Newly Elected Director
- Dr. Christian Seberino (person) — Newly Elected Director
- Dr. Alan Baratz (person) — Chief Executive Officer
- Paul Tilley (person) — Chief Financial Officer
- July 18, 2024 (date) — Effective date of changes
FAQ
Who are the new directors appointed to D-Wave Quantum Inc.'s Board?
Andrew (Andy) Thaler and Dr. Christian Seberino were elected as new directors.
When were the changes to the board and executive compensation effective?
The changes were effective as of July 18, 2024.
What positions do Dr. Alan Baratz and Paul Tilley hold at D-Wave Quantum Inc.?
Dr. Alan Baratz is the Chief Executive Officer and Paul Tilley is the Chief Financial Officer.
What specific items are being reported in this 8-K filing?
This filing reports the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
In which state is D-Wave Quantum Inc. incorporated?
D-Wave Quantum Inc. is incorporated in Delaware.
Filing Stats: 476 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-07-19 17:10:32
Key Financial Figures
- $0.0001 — ich registered Common stock, par value $0.0001 per share QBTS New York Stock Exchange
- $11.50 — of common stock at an exercise price of $11.50 QBTS.WT New York Stock Exchange Indic
Filing Documents
- qbts-20240718.htm (8-K) — 27KB
- 0001907982-24-000085.txt ( ) — 188KB
- qbts-20240718.xsd (EX-101.SCH) — 2KB
- qbts-20240718_def.xml (EX-101.DEF) — 15KB
- qbts-20240718_lab.xml (EX-101.LAB) — 27KB
- qbts-20240718_pre.xml (EX-101.PRE) — 16KB
- qbts-20240718_htm.xml (XML) — 4KB
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. Date: July 19, 2024 D-Wave Quantum Inc. By: /s/ Alan Baratz Name: Alan Baratz Title: President & Chief Executive Officer