Rigetti Computing, Inc. — Form 8-K Summary
Business Context and Reporting Period
Rigetti Computing, Inc. filed a Form 8-K reporting a board composition change. The earliest reported event was December 15, 2022, and the report was signed and dated December 16, 2022. The filing does not report quarterly or annual financial results.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, or other financial metrics.
Material Changes
- Dr. Chad Rigetti resigned from the Board effective December 15, 2022, as previously disclosed.
- Effective December 16, 2022, the Board appointed Dr. Subodh Kulkarni to fill the resulting vacancy.
- Dr. Kulkarni will serve as a Class I director until the 2023 Annual Meeting of Stockholders and until his successor is elected and qualified, or until his earlier death, resignation, or removal.
- Because Dr. Kulkarni is the Company’s President and Chief Executive Officer, he is not considered independent and will not serve on Board committees.
- Dr. Kulkarni will receive no additional compensation for his director service beyond his compensation as President and Chief Executive Officer.
Management Commentary, Risks, and Unusual Items
The filing states that Dr. Kulkarni was not selected pursuant to any arrangements or understandings with the Company or another person. It reports no family relationships with directors or executive officers and no material related-party interest requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Points
- Verify the effective dates of Dr. Chad Rigetti’s resignation and Dr. Subodh Kulkarni’s appointment.
- Review the Company’s proxy statement or subsequent filings for the outcome of the 2023 annual director election.
- Confirm whether subsequent filings describe changes to Board independence, committee composition, executive compensation, or governance structure.
- Use separate periodic filings to assess Rigetti’s financial condition, liquidity, cash burn, debt, and operating outlook, as those matters are not addressed in this 8-K.