Company: IONQ
Filing Date: 2025-08-06
Form Type: 8-K
Source: 0001193125-25-174493
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Company: IonQ, Inc.
Filing Date: 2025-08-06
Form: 8-K
Item: Item 5.02
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Item 5.02 Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Chairman of the Board; Transition of Former Executive Chairman to Director

On August 1, 2025, the board of directors (the “ Board”) of IonQ, Inc. (the “ Company”) appointed Niccolo de Masi, the Company’s Chief Executive Officer, to the additional position of Chairman of the Board, succeeding Peter Chapman, who held the role of Executive Chairman, effective as of August 1, 2025 (the “ Transition Date”). Mr. Chapman has also stepped down as a member of the Board.

As a result of Mr. Chapman’s departure from the Company, he will qualify for certain benefits under the Company’s Amended and Restated Executive Severance Plan (the “ Executive Severance Plan”), the retention bonus agreement that Mr. Chapman entered into with the Company on December 16, 2024 (the “ Retention Bonus Agreement”) and his performance-based restricted stock unit (“PSU”) award agreement (the “ PSU Award Agreement”). Mr. Chapman has executed a separation agreement including a release of claims in favor of the Company and, as such, he will receive the following payments and benefits: