Business Context and Reporting Period
This Form 8-K is a current report filed by D-Wave Quantum Inc. on November 22, 2024. The filing primarily addresses corporate governance changes, specifically the appointment of a new director to the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on personnel appointments rather than financial performance.
Material Changes
The material change reported is the appointment of Sharon Holt as a Class I director, effective November 22, 2024. Her term will continue until her successor is elected or until the expiry of the Class I directors' term at the 2026 annual meeting. Ms. Holt will serve on the Audit Committee and will be compensated on the same basis as other non-employee directors.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies. It notes that there are no reportable transactions between Ms. Holt and the Company under Item 404(a) of Regulation S-K.
Key Facts for Investor Verification
- Sharon Holt has been appointed to the Board of Directors and the Audit Committee.
- Ms. Holt brings significant experience from Infinera Corporation, Immersion Corporation, Rambus Inc., Agilent Technologies, and HP.
- Her compensation aligns with the standard for non-employee directors as detailed in the 2024 Proxy Statement.
- No financial data or operational metrics are disclosed in this specific filing.