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Form 8-K · Current Report · Filed 2024-12-06

IonQ, Inc. Board Approves Amendments to Executive Severance Plan and Performance Awards

On December 3, 2024, IonQ, Inc. announced that its Board of Directors amended the Executive Severance Plan and each of the Company's outstanding Performance-Based Award Agreements. The amendments made certain changes to the severance benefits and performance stock units acceleration conditions for named executive officers in the event of a Change in Control. No financial statements or exhibits are furnished with this filing.

Filer
IonQ Inc. IONQ · NYSE
Filed
Accession
0001193125-24-272566
CIK
0001824920
Signal
Low impactTechnology

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Executive Employment Agreement
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$35.95

Next session

-4.8%

Since filing

+1.4%

Latest close

$36.44

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from IONQ reporting the same item, with the next session's move:

Exhibits (2)

About IonQ Inc.

IonQ Inc. is a prominent company in the cutting-edge quantum computing sector. It specializes in developing and operating quantum computers that leverage ion-trapped technology, an approach reputed for its high fidelity and scalability. The primary function of IonQ is to make quantum computing accessible to researchers, businesses, and governmental agencies aiming to solve complex problems beyond the reach of classical computers. IonQ's technology can impact a wide array of industries, including pharmaceuticals, finance, logistics, and climate modeling, offering new computing paradigms for optimization, simulation, and machine learning tasks. Situated at the forefront of technological advancements, IonQ plays a crucial role in the burgeoning quantum computing market. Through partnerships with major cloud providers and advanced research initiatives, IonQ is paving the way for innovation that could redefine computing capabilities, thus holding a significant place in the market as it continues to advance the practical applications of quantum technology.

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