UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Director Appointment
On January 4, 2023, the Board of Directors (the “Board”) of Quantum Computing Inc. (the “Company”) appointed Dr. Carl Weimer, PhD as a member of the Board (the “Appointment”). Dr. Weimer will also serve as a member of the Compensation committee and the Governance & Nominating committee of the Board (the “Committees”).
Carl Weimer, 61, Director
Dr. Weimer combines over 25 years of experience in the aerospace industry. Previously, he had been involved in two companies in the aerospace industry holding positions including Team Leader, Principal Investigator and Chief Technologist. From 1994 through 2000, Dr. Weimer was a Team Leader for Ophir Corporation, an aerospace optics company. From 2000 to 2018, he was a Team Leader for Ball Aerospace & Technologies Corp., a spacecraft company. From 2018 to present, Dr. Weimer has been the Chief Technologist for the Ball Civil Business Unit. In addition, from 2008 to present, Dr. Weimer has been the Principal Investigator for the NASA Earth Science Technology Office. Dr. Weimer received a Bachelor of Science degree from Harvey Mudd College (1984) and a Master of Science (1987) and a PhD (1992) from Colorado State University all in experimental Physics.
The Board believes that Dr. Weimer’s experience in advanced technology leadership roles makes him ideally qualified to help lead the Company towards continued growth and success.
Family Relationships
Dr. Weimer does not have a family relationship with any of the current officers or directors of the Company.
Related Party Transactions
There are no related party transactions with regard to Dr. Weimer reportable under Item 404(a) of Regulation S-K.
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Compensatory Arrangements
In connection with the Appointment, the Company and Dr. Weimer entered into a director agreement (the “Director Agreement”) whereby, as compensation for his services as a member of the Board and the Committees, Dr. Weimer shall receive, on an annual basis (i) a salary of $36,000, payable on a quarterly basis; and (ii) options to purchase One Hundred Thousand (100,000) shares of the Company’s common stock.
Item 5.02 of this Current Report on Form 8-K contains only a brief description of the material terms of and does not purport to be a complete description of the rights and obligations of the parties to the Director Agreement, and such description is qualified in its entirety by reference to the full text of the Director Agreement, which is filed hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit Number |
Description | |
| 10.1 | Director Agreement, dated January 6, 2023. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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 COMPUTING INC. | ||
| Date: January 9, 2023 | By: | /s/ Robert Liscouski |
| Name: | Robert Liscouski | |
| Title: | President, Chief Executive Officer | |
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