Business Context and Reporting Period
This Form 8-K is a current report filed by Q/C Technologies, Inc. (QCLS) on September 14, 2026. The filing discloses the appointment of Yossef Ehrlichman as Chief Technology Officer (CTO) and the execution of a First Amendment to his employment agreement.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and corporate governance.
Material Changes
- Executive Appointment: Yossef Ehrlichman was appointed CTO on September 14, 2026, having previously served as Founding Manager of Photonic Integrated Circuit (PIC) Development since August 1, 2026.
- Compensation Adjustment: Dr. Ehrlichman's annual base salary was increased from $260,000 to $275,000.
- Equity Grant: A restricted stock award with a grant date fair market value of $250,000 was granted, subject to stockholder approval of an increase in shares reserved under the long-term incentive plan.
Guidance, Outlook, and Risks
Management Commentary: Dr. Ehrlichman brings nearly two decades of experience in photonics, including roles at Axalume, Raytheon, and Bascom Hunter Technologies. He will lead optical processor development.
Employment Terms: The agreement is at-will with a 30-day advance written notice period for termination by either party. Upon termination (unless for Cause), the Company will pay base salary through the end of the notice period.
Risks and Contingencies: The equity grant is contingent upon stockholder approval to increase the share reserve under the Company's long-term incentive plan. The filing notes no family relationships between Dr. Ehrlichman and directors or officers.
Investor Verification Checklist
- Verify the status of the stockholder vote required to approve the increase in shares reserved for the $250,000 restricted stock award.
- Review the full text of the First Amendment (Exhibit 10.1) and Original Agreement (Exhibit 10.2) for specific definitions of "Cause" and other termination conditions.
- Confirm the press release details (Exhibit 99.1) issued on September 15, 2026, for any additional strategic context regarding the CTO appointment.