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 April 19, 2024, the Board of Directors (the “Board”) of Quantum Computing Inc. (the “Company”) appointed Dr. Javad Shabani as a member of the Board (the “Appointment”).
Javad Shabani, 42, Director
Dr. Javad Shabani, age 42, has over 13 years of experience in advanced physics and quantum information physics. Dr. Shabani has been an associate professor in the New York University Physics Department and director of the NYU Center for Quantum Information Physics since 2022. From 2017 to 2022, he was an Assistant Professor at the NYU Physics Department. From 2015 to 2017, Dr. Shabani was an Assistant Professor at the City College of New York Physics Department. From 2014 to 2015, he was a Project Scientist in the California Nanosystems Institute at the University of California Santa Barbara. From 2011 to 2014, he was a Postdoctoral Fellow at the Harvard University Physics Department (2011 - 2012) and the California Nanosystems Institute at the University of California Santa Barbara (2012 - 2014). He was awarded the IBM Q Scholar Award in 2021, and the US Air Force Young Investigator Program Award and the US Army Young Investigator Award in 2016. Dr. Shabani holds four patents in quantum physics applications and has published over 85 papers. Dr. Shabani received Bachelor of Science degrees in physics and electrical engineering from Sharif University of Technology (2004) a Master of Science in Electrical Engineering from the University of California, Santa Cruz (2005), a Master of Arts in Electrical Engineering from Princeton University (2007) and a PhD in Electrical Engineering from Princeton University (2011).
The Board believes that Dr. Shabani’s scholarship and experience in physics and electrical engineering makes him ideally qualified to help lead the Company towards continued growth and success.
Family Relationships
Dr. Shabani 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. Shabani reportable under Item 404(a) of Regulation S-K.
Compensatory Arrangements
In connection with the Appointment, the Company and Dr. Shabani entered into a director agreement (the “Director Agreement”) whereby, as compensation for his services as a member of the Board, Dr. Shabani shall receive, on an annual basis, (i) a salary of $36,000, payable on a quarterly basis; and (ii) options to purchase 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.
| Exhibit Number |
Description | |
| 10.1 | Form of Director Agreement (previously filed as Exhibit 10.1 to Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission om February 23, 2021) | |
| 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: April 25, 2024 | By: | /s/ Christopher Boehmler |
| Christopher Boehmler | ||
| Chief Financial Officer | ||
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