QBTS 8-K
D-Wave Quantum Inc. (QBTS)
8-K
2026-08-17
For: 2026-08-13
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Added on
August 17, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): August 13, 2026
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(Exact Name of Registrant as Specified in Its Charter)
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| (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)
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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 August 13, 2026, the Board of Directors (the “Board”) of D-Wave Quantum Inc. (the “Company”) appointed Kevan P. Krysler as an independent Class I director, effective as of August 13, 2026, to hold office until the Company's 2029 Annual Meeting of Stockholders or until his successor is duly elected and qualified. Mr. Krysler will serve on the Audit 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. Krysler, age 55, has served as the Chief Financial Officer of Carbon Robotics, a privately held company specializing in physical AI and robotics for agriculture, since February 2026. Prior to joining Carbon Robotics, Mr. Krysler served as the Chief Financial Officer of Everpure, Inc. (NYSE: P), a publicly traded enterprise data storage company, from November 2019 to June 2025. Earlier in his career, Mr. Krysler served as the Senior Vice President of Finance and Chief Accounting Officer at VMware, Inc., and spent 18 years at KPMG LLP, including nine years as a partner in the firm’s Silicon Valley technology practice, serving high-growth technology and software companies, both public multinational and private, pre-IPO. Mr. Krysler holds a bachelor’s degree from the University of Oklahoma.
There are no transactions between Mr. Krysler and the Company that would be reportable under Item 404(a) of Regulation S‑K. There are no arrangements or understandings between Mr. Krysler and any other persons pursuant to which Mr. Krysler was selected as a director, and Mr. Krysler has no family relationships with any of the Company’s directors or executive officers. A copy of the press release announcing Mr. Krysler'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 August 17, 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: August 17, 2026 | D-Wave Quantum Inc. | |||||||
| By: | /s/ Alan Baratz | |||||||
| Name: | Alan Baratz | |||||||
| Title: | President & Chief Executive Officer | |||||||
Exhibit 99.1
D-Wave Appoints Kevan P. Krysler to Board of Directors and Audit Committee
Veteran technology finance executive brings extensive public company, financial leadership and governance experience to D-Wave
PALO ALTO, Calif. — August 17, 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 technology finance executive Kevan P. Krysler to its Board of Directors and Audit Committee.
Krysler currently serves as chief financial officer of Carbon Robotics, a privately held company specializing in physical AI and robotics for agriculture. He brings extensive financial leadership and corporate governance experience spanning public and private technology companies, with expertise in public company reporting, global financial operations, corporate growth strategy and risk management.
Prior to joining Carbon Robotics, Krysler served as chief financial officer of Everpure, Inc. (NYSE: P), a publicly traded enterprise data storage company. Earlier in his career, Krysler served as senior vice president of finance and chief accounting officer at VMware, Inc. and as a partner at KPMG LLP in the firm’s Silicon Valley technology practice.
“D-Wave is at an exciting stage of growth, with a differentiated technology portfolio and accelerating commercial traction, as quantum computing becomes an important part of the enterprise technology landscape,” said Krysler. “I look forward to bringing my experience in financial strategy, scaling technology businesses, and facilitating risk management and governance to support the company as it continues to execute on its vision.”
“Kevan’s extensive financial leadership experience across public and high-growth technology companies will be a valuable addition to the D-Wave board,” said Sharon Holt, chair of the D-Wave board. “His perspectives on capital allocation, operating discipline and navigating complex growth environments will complement the board’s existing expertise as D-Wave continues to pursue its strategic objectives.”
“D-Wave is experiencing strong commercial momentum while making meaningful progress across our product roadmaps,” said Dr. Alan Baratz, CEO of D-Wave. “As adoption of our production-grade annealing quantum computing technology scales and our dual-platform strategy advances, Kevan will be a valuable addition in helping D-Wave capitalize on the significant opportunity ahead and drive sustained growth.”
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.
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
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.