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Form 8-K · Current Report · Filed 2024-12-20

IonQ, Inc. Announces Significant Compensation Package for CEO Peter Chapman

On December 16, 2024, IonQ, Inc.'s Board of Directors granted its President and CEO, Peter Chapman, a performance stock unit award and cash bonuses for 2024 and 2025, along with an annual salary increase.

Filer
IonQ Inc. IONQ · NYSE
Filed
Accession
0001193125-24-283171
CIK
0001824920
Signal
High impactTechnology

Details

The compensation is designed to align Mr. Chapman's interests with those of the company's stockholders and to incentivize continued leadership and execution of growth initiatives.

Items reported

Item 5.02

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

CEO Resignation

Market reaction

Close before filing

$37.76

Next session

+9.4%

Since filing

-3.5%

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:

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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