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[8-K] D-Wave Quantum Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

D-Wave Quantum Inc. (NYSE: QBTS) filed an 8-K to disclose an executive promotion. Effective 31 Jul 2025, current General Counsel Diane Nguyen is elevated to Executive Vice President & Chief Legal Officer.

An amendment to her employment agreement boosts her base salary to $381,000 and maintains eligibility for an annual cash bonus of up to 70 % of salary under the company’s AIP. The Board also granted 16,098 RSUs that vest 25 % after one year and quarterly thereafter, subject to continued service. No other contractual terms were changed and the filing contains no operational or financial results.

The event is primarily a governance update with limited direct financial impact beyond modest compensation cost.

D-Wave Quantum Inc. (NYSE: QBTS) ha presentato un modulo 8-K per comunicare una promozione esecutiva. A partire dal 31 luglio 2025, l'attuale General Counsel Diane Nguyen viene promossa a Vicepresidente Esecutivo e Chief Legal Officer.

Una modifica al suo contratto di lavoro aumenta il suo stipendio base a 381.000 dollari e mantiene l'idoneità a un bonus annuale in denaro fino al 70% dello stipendio previsto dal piano AIP dell'azienda. Il Consiglio ha inoltre concesso 16.098 RSU che maturano il 25% dopo un anno e trimestralmente successivamente, subordinatamente al mantenimento del servizio. Nessun altro termine contrattuale è stato modificato e il documento non contiene risultati operativi o finanziari.

L'evento rappresenta principalmente un aggiornamento di governance con un impatto finanziario diretto limitato, oltre a un modesto costo di compensazione.

D-Wave Quantum Inc. (NYSE: QBTS) presentó un formulario 8-K para anunciar una promoción ejecutiva. A partir del 31 de julio de 2025, la actual Asesora General Diane Nguyen será promovida a Vicepresidenta Ejecutiva y Chief Legal Officer.

Una enmienda a su contrato laboral incrementa su salario base a 381,000 dólares y mantiene la elegibilidad para un bono anual en efectivo de hasta el 70% del salario bajo el programa AIP de la compañía. La Junta también otorgó 16,098 RSU que se consolidan en un 25% después de un año y trimestralmente después, sujeto a la continuidad del servicio. No se modificaron otros términos contractuales y el documento no incluye resultados operativos o financieros.

El evento es principalmente una actualización de gobernanza con un impacto financiero directo limitado, más allá de un costo modesto en compensaciones.

D-Wave Quantum Inc.(NYSE: QBTS)� 임원 승진� 공시하기 위해 8-K 서류� 제출했습니다. 2025� 7� 31일부� 현재 법률 고문� Diane Nguyen수석 부사장 � 최고 법률 책임�� 승진합니�.

근로 계약� 수정으로 기본 연봉� 381,000달러� 인상되며 회사� AIP 프로그램� 따라 연간 최대 연봉� 70%� 해당하는 현금 보너� 자격� 유지됩니�. 이사회는 또한 16,098 RSU� 부여했으며, 이는 1� � 25%가 베스팅되� 이후 분기별로 베스팅되� 계속 근무 조건� 적용됩니�. 다른 계약 조건은 변경되지 않았으며, 제출 서류에는 운영 또는 재무 결과가 포함되어 있지 않습니다.

이번 조치� 주로 거버넌스 업데이트로서, 직접적인 재무 영향은 제한적이� 보상 비용� 소폭 증가� 그칩니다.

D-Wave Quantum Inc. (NYSE : QBTS) a déposé un formulaire 8-K pour annoncer une promotion au sein de la direction. À compter du 31 juillet 2025, l'actuelle conseillère juridique Diane Nguyen est promue vice-présidente exécutive et directrice juridique.

Un amendement à son contrat de travail augmente son salaire de base à 381 000 dollars et maintient son éligibilité à un bonus annuel en espèces pouvant atteindre 70 % de son salaire dans le cadre du programme AIP de l'entreprise. Le conseil d'administration a également accordé 16 098 RSU qui acquièrent 25 % après un an, puis trimestriellement par la suite, sous réserve de la poursuite du service. Aucun autre terme contractuel n'a été modifié et le dépôt ne contient aucun résultat opérationnel ou financier.

Il s'agit principalement d'une mise à jour de la gouvernance avec un impact financier direct limité, hormis un coût de rémunération modeste.

D-Wave Quantum Inc. (NYSE: QBTS) hat ein 8-K Formular eingereicht, um eine Beförderung im Führungsteam bekannt zu geben. Ab dem 31. Juli 2025 wird die derzeitige General Counsel Diane Nguyen zur Executive Vice President & Chief Legal Officer ö.

Eine Änderung ihres Arbeitsvertrags erhöht ihr Grundgehalt auf 381.000 US-Dollar und erhält die Berechtigung für einen jährlichen Barbonus von bis zu 70 % des Gehalts im Rahmen des AIP des Unternehmens. Der Vorstand gewährte außerdem 16.098 RSUs, die zu 25 % nach einem Jahr und anschließend vierteljährlich unverfallbar werden, vorbehaltlich einer fortgesetzten Dienstzeit. Weitere Vertragsbedingungen wurden nicht geändert, und die Einreichung enthält keine operativen oder finanziellen Ergebnisse.

Das Ereignis stellt hauptsächlich ein Governance-Update dar und hat über moderate Vergütungskosten hinaus nur begrenzte direkte finanzielle Auswirkungen.

Positive
  • Internal promotion signals leadership continuity and preserves institutional knowledge.
  • Equity-based RSU grant strengthens alignment between executive incentives and shareholder value.
Negative
  • Higher compensation package marginally increases fixed costs without immediate revenue benefit.
  • Filing provides no insight into broader succession planning or strategic initiatives.

Insights

TL;DR: Routine internal promotion; improves continuity, negligible financial impact.

The move keeps key legal expertise in-house while elevating Nguyen’s accountability as EVP & CLO. Equity-heavy compensation (16,098 RSUs) aligns interests with shareholders and uses standard vesting to encourage retention. Added cash commitments�$381k salary and 70 % bonus target—are immaterial relative to QBTS’s cost base. Governance wise, internal succession reduces transition risk and signals board confidence. Market impact is expected to be neutral given absence of strategic or financial disclosures.

D-Wave Quantum Inc. (NYSE: QBTS) ha presentato un modulo 8-K per comunicare una promozione esecutiva. A partire dal 31 luglio 2025, l'attuale General Counsel Diane Nguyen viene promossa a Vicepresidente Esecutivo e Chief Legal Officer.

Una modifica al suo contratto di lavoro aumenta il suo stipendio base a 381.000 dollari e mantiene l'idoneità a un bonus annuale in denaro fino al 70% dello stipendio previsto dal piano AIP dell'azienda. Il Consiglio ha inoltre concesso 16.098 RSU che maturano il 25% dopo un anno e trimestralmente successivamente, subordinatamente al mantenimento del servizio. Nessun altro termine contrattuale è stato modificato e il documento non contiene risultati operativi o finanziari.

L'evento rappresenta principalmente un aggiornamento di governance con un impatto finanziario diretto limitato, oltre a un modesto costo di compensazione.

D-Wave Quantum Inc. (NYSE: QBTS) presentó un formulario 8-K para anunciar una promoción ejecutiva. A partir del 31 de julio de 2025, la actual Asesora General Diane Nguyen será promovida a Vicepresidenta Ejecutiva y Chief Legal Officer.

Una enmienda a su contrato laboral incrementa su salario base a 381,000 dólares y mantiene la elegibilidad para un bono anual en efectivo de hasta el 70% del salario bajo el programa AIP de la compañía. La Junta también otorgó 16,098 RSU que se consolidan en un 25% después de un año y trimestralmente después, sujeto a la continuidad del servicio. No se modificaron otros términos contractuales y el documento no incluye resultados operativos o financieros.

El evento es principalmente una actualización de gobernanza con un impacto financiero directo limitado, más allá de un costo modesto en compensaciones.

D-Wave Quantum Inc.(NYSE: QBTS)� 임원 승진� 공시하기 위해 8-K 서류� 제출했습니다. 2025� 7� 31일부� 현재 법률 고문� Diane Nguyen수석 부사장 � 최고 법률 책임�� 승진합니�.

근로 계약� 수정으로 기본 연봉� 381,000달러� 인상되며 회사� AIP 프로그램� 따라 연간 최대 연봉� 70%� 해당하는 현금 보너� 자격� 유지됩니�. 이사회는 또한 16,098 RSU� 부여했으며, 이는 1� � 25%가 베스팅되� 이후 분기별로 베스팅되� 계속 근무 조건� 적용됩니�. 다른 계약 조건은 변경되지 않았으며, 제출 서류에는 운영 또는 재무 결과가 포함되어 있지 않습니다.

이번 조치� 주로 거버넌스 업데이트로서, 직접적인 재무 영향은 제한적이� 보상 비용� 소폭 증가� 그칩니다.

D-Wave Quantum Inc. (NYSE : QBTS) a déposé un formulaire 8-K pour annoncer une promotion au sein de la direction. À compter du 31 juillet 2025, l'actuelle conseillère juridique Diane Nguyen est promue vice-présidente exécutive et directrice juridique.

Un amendement à son contrat de travail augmente son salaire de base à 381 000 dollars et maintient son éligibilité à un bonus annuel en espèces pouvant atteindre 70 % de son salaire dans le cadre du programme AIP de l'entreprise. Le conseil d'administration a également accordé 16 098 RSU qui acquièrent 25 % après un an, puis trimestriellement par la suite, sous réserve de la poursuite du service. Aucun autre terme contractuel n'a été modifié et le dépôt ne contient aucun résultat opérationnel ou financier.

Il s'agit principalement d'une mise à jour de la gouvernance avec un impact financier direct limité, hormis un coût de rémunération modeste.

D-Wave Quantum Inc. (NYSE: QBTS) hat ein 8-K Formular eingereicht, um eine Beförderung im Führungsteam bekannt zu geben. Ab dem 31. Juli 2025 wird die derzeitige General Counsel Diane Nguyen zur Executive Vice President & Chief Legal Officer ö.

Eine Änderung ihres Arbeitsvertrags erhöht ihr Grundgehalt auf 381.000 US-Dollar und erhält die Berechtigung für einen jährlichen Barbonus von bis zu 70 % des Gehalts im Rahmen des AIP des Unternehmens. Der Vorstand gewährte außerdem 16.098 RSUs, die zu 25 % nach einem Jahr und anschließend vierteljährlich unverfallbar werden, vorbehaltlich einer fortgesetzten Dienstzeit. Weitere Vertragsbedingungen wurden nicht geändert, und die Einreichung enthält keine operativen oder finanziellen Ergebnisse.

Das Ereignis stellt hauptsächlich ein Governance-Update dar und hat über moderate Vergütungskosten hinaus nur begrenzte direkte finanzielle Auswirkungen.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________________________
FORM 8-K
_____________________________________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 31, 2025
_____________________________________________________________
D-Wave Quantum Inc.
(Exact Name of Registrant as Specified in Its Charter)
_____________________________________________________________
Delaware001-4146888-1068854
(State or other jurisdiction of incorporation or organization)(Commission File Number)(I.R.S. Employer Identification No.)
2650 East Bayshore Road
Palo Alto, California
94303
(Address of principal executive offices)
(604) 630-1428
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
_____________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.0001 per shareQBTSNew York Stock Exchange
Warrants, each whole warrant exercisable for 1.4541326 shares of common stock at an exercise price of $11.50QBTS.WTNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth companyx
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 30, 2025, D-Wave Quantum Inc. (the “Company”) promoted Diane Nguyen, General Counsel of the Company, to Executive Vice President, Chief Legal Officer and General Counsel of the Company, effective July 31, 2025 (the “Effective Date”). In connection with Ms. Nguyen’s promotion, on July 31, 2025, the Company entered into an amendment to the employment agreement with Ms. Nguyen, effective as of the Effective Date (the “Amendment”).

Pursuant to the Amendment, Ms. Nguyen's annual base salary was increased to $381,000 per annum, effective as of the Effective Date, which base salary may be increased from time to time, as approved by the Compensation Committee of the Company. As described in the Amendment, Ms. Nguyen will continue to be eligible to participate in the D-Wave Annual Incentive Plan (the “AIP”) and any performance-based incentive plan in a future year that applies to permanent full-time employees of the Company who are at the level of Executive Vice President. Pursuant to any applicable AIP, Ms. Nguyen will also be eligible to receive an on-target bonus equal to up to 70% of her base salary, pro-rated, based on achievement of the corporate objectives under the applicable AIP, effective as of the Effective Date.

Also, in connection with Ms. Nguyen’s appointment, the Board also approved a promotional grant of 16,098 restricted stock units (the “RSUs”) under the 2022 Equity Incentive Plan of the Company. The RSUs will vest 25% on the first anniversary of the grant date, and in equal installments quarterly thereafter, subject to Ms. Nguyen's continued service to the Company.

Except as disclosed in this Current Report on Form 8-K, the terms and conditions of the Employment Agreement remain unchanged.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Amendment attached as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits
 
Exhibit No.Description
10.1
Fourth Amendment to Amended and Restated Employment Agreement, effective July 31, 2025, by and between D-Wave Commercial Inc. and Diane Nguyen.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).







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: August 4, 2025
D-Wave Quantum Inc.
By:
/s/ Alan Baratz
Name:
Alan Baratz
Title:
President & Chief Executive Officer

FAQ

What executive change did D-Wave Quantum (QBTS) announce?

Diane Nguyen was promoted to Executive Vice President, Chief Legal Officer & General Counsel effective 31 Jul 2025.

How much will the new CLO of QBTS earn in base salary?

Her base salary increases to $381,000 per year starting 31 Jul 2025.

What is the bonus opportunity for Diane Nguyen at D-Wave?

She remains eligible for an on-target bonus up to 70 % of salary under the Annual Incentive Plan.

How many RSUs were granted to the new QBTS CLO?

The Board approved 16,098 restricted stock units vesting 25 % after one year and quarterly thereafter.

Does the 8-K include any earnings or financial results for D-Wave Quantum?

No. The filing is limited to the executive promotion and related compensation changes.
D Wave Quantum

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Computer Hardware
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United States
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