Quantum-Si Appoints Rothberg CEO, Hawkins Departs

TL;DR

Rothberg is back as CEO of QSI, Hawkins out. Big changes at the top.

AI Summary

Quantum-Si Incorporated announced on March 8, 2024, changes in its executive and director roles. The company appointed Dr. Jonathan Rothberg as Chief Executive Officer and Chairman of the Board, effective March 8, 2024. Additionally, the company announced the departure of its previous CEO, Jeff Hawkins, and a director, Dr. Christian M. M. Stark, also effective March 8, 2024.

Why It Matters

This leadership change, with the founder Dr. Rothberg taking the CEO role, signals a potential strategic shift and renewed focus for Quantum-Si.

Risk Assessment

Risk Level: medium — Leadership changes can introduce uncertainty and impact strategic execution, warranting a medium risk assessment.

Key Players & Entities

• Quantum-Si Incorporated (company) — Registrant
• Dr. Jonathan Rothberg (person) — Appointed CEO and Chairman of the Board
• Jeff Hawkins (person) — Departing CEO
• Dr. Christian M. M. Stark (person) — Departing Director
• March 8, 2024 (date) — Effective date of appointments and departures

FAQ

Key Financial Figures

• $0.0001 — stered Class A common stock, par value $0.0001 per share QSI The Nasdaq Stock Mark
• $11.50 — mon stock, each at an exercise price of $11.50 per share QSIAW The Nasdaq Stock Ma
• $6.00 — of the Class A common stock is at least $6.00 (as adjusted) for 20 out of 30 consecut
• $8.00 — of the Class A common stock is at least $8.00 (as adjusted) for 20 out of 30 consecut
• $10.00 — of the Class A common stock is at least $10.00 (as adjusted) for 20 out of 30 consecut
• $12.00 — of the Class A common stock is at least $12.00 (as adjusted) for 20 out of 30 consecut

Filing Documents

• ef20023893_8k.htm (8-K) — 30KB
• 0001140361-24-012640.txt ( ) — 203KB
• qsi-20240308.xsd (EX-101.SCH) — 4KB
• qsi-20240308_def.xml (EX-101.DEF) — 18KB
• qsi-20240308_lab.xml (EX-101.LAB) — 27KB
• qsi-20240308_pre.xml (EX-101.PRE) — 20KB
• ef20023893_8k_htm.xml (XML) — 6KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 10, 2024, the Board of Directors (the "Board") of Quantum-Si Incorporated (the "Company") approved amendments to two stock option awards previously granted to Jeffrey Hawkins, the Company's President and Chief Executive Officer, to better align the performance-based vesting terms of these awards with the price of the Company's Class A Common Stock, $0.0001 par value per share (the "Class A common stock"). The amended awards, previously granted as of November 9, 2022, were each stock options to purchase 1,390,000 shares of Class A common stock (the "1.5X Option" and "3.5X Option," respectively). The Board approved amendments to the 1.5X Option and the 3.5X Option as follows, effective as of March 15, 2024 (the "Effective Date"): (A) the 1.5X Option shall be amended such that (i) 695,000 shares shall vest if within 3 years of the Effective Date the closing price of the Class A common stock is at least $6.00 (as adjusted) for 20 out of 30 consecutive trading days and (ii) 695,000 shares shall vest if within 3 years of the Effective Date the closing price of the Class A common stock is at least $8.00 (as adjusted) for 20 out of 30 consecutive trading days, and (B) the 3.5X Option shall be amended such that (i) 695,000 shares shall vest if within 3 years of the Effective Date the closing price of the Class A common stock is at least $10.00 (as adjusted) for 20 out of 30 consecutive trading days and (ii) 695,000 shares shall vest if within 3 years of the Effective Date the closing price of the Class A common stock is at least $12.00 (as adjusted) for 20 out of 30 consecutive trading days. In addition, on March 8, 2024, the Compensation Committee of the Board (the "Compensation Committee") approved amendments to two stock option awards previously granted to Jeffry Keyes, the Company's Chief Financial Offi

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. QUANTUM-SI INCORPORATED By: /s/ Christian LaPointe, Ph.D. Name: Christian LaPointe, Ph.D. Title: General Counsel Date: March 11, 2024

View Full Filing

View this 8-K filing on SEC EDGAR