8-KFiling Date: Sep 21, 2026

D-Wave Quantum (QBTS)

Executive Change, Financial Statements

View SEC Filing
ACC: 0001907982-26-000152

Event Type

Executive ChangeFinancial Statements
description

Event Description

Item 5.02. Executive Change
expand_more

On September 18, 2026, D-Wave Quantum Inc.’s Board of Directors appointed Bernard Gavgani, age 67, as an independent Class II director effective September 18, 2026, to hold office until the 2027 Annual Meeting of Stockholders or until his successor is elected and qualified. Gavgani will serve on the Board’s Cybersecurity Committee and will be compensated on the same basis as other non-employee directors, as described in the company’s 2026 proxy statement. Gavgani currently serves as Senior Advisor for Technology and Innovation to BNP Paribas Group Executive Management; he was BNP Paribas Group Chief Information Officer from October 2018 to June 2025 and previously served from 2009 to 2018 as Chief Operating Officer for Information Technology and Operations within BNP Paribas Corporate and Institutional Banking. The filing states there are no transactions between Gavgani and the company reportable under Item 404(a) of Regulation S-K, no arrangements or understandings with other persons pursuant to which he was selected as a director, and no family relationships with any company directors or executive officers; a press release announcing his appointment is attached as Exhibit 99.1.

Original SEC Filing Text expand_more
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 18, 2026, the Board of Directors (the Board ) of D-Wave Quantum Inc. (the Company ) appointed Bernard Gavgani as an independent Class II director, effective as of September 18, 2026, to hold office until the Company's 2027 Annual Meeting of Stockholders or until his successor is duly elected and qualified. Mr. Gavgani will serve on the Cybersecurity Committee of the Board and will be compensated on the same basis as all other non-employee directors of the Company, as described under the heading Director Compensation in the Company s Proxy Statement for its 2026 Annual Meeting of Stockholders. Mr. Gavgani, age 67, currently serves as Senior Advisor for Technology and Innovation to BNP Paribas Group Executive Management. From October 2018 to June 2025, he served as Group Chief Information Officer (CIO) of BNP Paribas. He joins the Board in a personal capacity and brings deep experience in global technology strategy, operational transformation, artificial intelligence governance, cybersecurity, and workplace and network modernization. From 2009 to 2018, Mr. Gavgani served as Chief Operating Officer for Information Technology and Operations within BNP Paribas Corporate and Institutional Banking. Earlier in his career at BNP Paribas, he held senior leadership positions across capital markets, equity derivatives, technology, operations, and the bank s General Inspection function. Mr. Gavgani completed the Advanced Certificate for Executives at the MIT Sloan School of Management, and holds an Executive MBA from HEC Paris. There are no transactions between Mr. Gavgani and the Company that would be reportable under Item 404(a) of Regulation S K. There are no arrangements or understandings between Mr. Gavgani and any other persons pursuant to which Mr. Gavgani was selected as a director, and Mr. Gavgani has no family relationships with any of the Company s directors or executive officers. A copy of the press release announcing Mr. Gavgani's appointment as a director of the Company is attached as Exhibit 99.1 to this Current Report on Form 8-K, and incorporated herein by reference.
description

Event Description

Item 9.01. Financial Statements
expand_more

Item 9.01 lists Exhibit 99.1, a press release dated September 21, 2026, and Exhibit 104, Cover Page Interactive Data File (embedded within the Inline XBRL document). The report is signed on September 21, 2026 by D-Wave Quantum Inc., by Alan Baratz, President & Chief Executive Officer.

Original SEC Filing Text expand_more
Item 9.01 Financial Statements and Exhibits . (d) Exhibits Exhibit No. Description 99.1 Press release, dated September 21, 2026. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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. Date: September 21, 2026 D-Wave Quantum Inc. By: /s/ Alan Baratz Name: Alan Baratz Title: President & Chief Executive Officer
auto_awesome

Deep Analysis

D-Wave Quantum's Item 5.02 board appointment adds Bernard Gavgani, BNP Paribas' former group CIO, as an independent Class II director and Cybersecurity Committee member — a credibility hire with zero financial impact.

lock

keid analysis is for reference only and does not constitute investment advice.