D-Wave Quantum Inc 8-K, filed Sep 21, 2026
D-Wave Quantum Inc. (QBTS)
8-K
2026-09-21
For: 2026-09-18
View Original
Added on
September 21, 2026
About this 8-K
D-Wave Quantum Inc filed this 8-K on September 21, 2026, reporting on events of September 18, 2026.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________________________
FORM 8-K
_____________________________________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 18, 2026
_____________________________________________________________
(Exact Name of Registrant as Specified in Its Charter)
_____________________________________________________________
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(Address of principal executive offices)
(650 ) 285-2881
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
_____________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company | ||||||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | o | |||||||
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.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 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 | |||||||
Exhibit 99.1
D-Wave Appoints Bernard Gavgani to Board of Directors and Cybersecurity Committee
Seasoned financial technology executive brings depth of expertise in global technology strategy, cybersecurity, AI governance, and operational transformation to D-Wave
PALO ALTO, Calif. — September 21, 2026 — D-Wave Quantum Inc. (NASDAQ: QBTS) ("D-Wave" or the "Company"), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today announced the appointment of veteran financial technology executive Bernard Gavgani to its Board of Directors and Cybersecurity Committee.
Gavgani currently serves as Senior Advisor for Technology and Innovation to BNP Paribas Group Executive Management and previously served as Group Chief Information Officer (CIO) of BNP Paribas. He joins D-Wave's Board in a personal capacity and brings deep experience in global technology strategy, operational transformation, artificial intelligence governance, cybersecurity, and workplace and network modernization.
Prior to serving as group CIO, 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.
“I’m thrilled to join the D-Wave board at a time of rapid growth and opportunity for the company,” said Gavgani. “Having served as a CIO, I understand the practical requirements for bringing emerging technologies into the enterprise – from integrating with existing systems to delivering measurable business value. I look forward to bringing that perspective to D-Wave as it continues to strengthen the technology infrastructure and operational capabilities needed for its next phase.”
“Bernard brings decades of experience making critical technology decisions within a highly regulated global enterprise,” said Sharon Holt, chair of the D-Wave board. “His expertise in cybersecurity, risk management, and large-scale transformation will add an important dimension to the board as we guide D-Wave’s long-term strategy and market leadership.”
“Bernard adds an important perspective to the board as a seasoned technology leader who understands the demands of operating at global enterprise scale,” said Dr. Alan Baratz, CEO of D-Wave. “His insights will be invaluable as we build on our technology foundation and expand the value we deliver to customers.”
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. It is the world’s first commercial supplier of quantum computers, and the first and only to offer dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. D-Wave’s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap™ quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations across commercial, government and research sectors trust D-Wave to address complex computational challenges using quantum computing. Learn more about realizing the value of quantum computing today and how D-Wave is shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: “believe,” “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “trend,” “estimate,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” “forecast,” “projection,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks discussed under the caption “Item
1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.
Media Contact:
Alex Daigle
media@dwavesys.com