STOCK TITAN
  1. Home
  2. Sec-filings
  3. QBTS
  4. [8-K] D-Wave Quantum Inc. Reports Material Event

D-Wave Quantum (NYSE: QBTS) taps CFO Kevan Krysler for board seat

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

D-Wave Quantum Inc. appointed Kevan P. Krysler as an independent Class I director and member of the Audit Committee, effective August 13, 2026. He will serve until the company’s 2029 Annual Meeting of Stockholders or until a successor is elected and qualified.

Krysler, age 55, is currently chief financial officer of Carbon Robotics and previously held senior finance leadership roles at Everpure, VMware, and KPMG. He will be compensated on the same basis as other non-employee directors, and the company reports no related-party transactions or family relationships connected to his appointment.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Appointment effective date August 13, 2026 Date Kevan P. Krysler was appointed as independent Class I director
Director term end reference 2029 Year of Annual Meeting of Stockholders through which Krysler will serve as Class I director
Age of new director 55 Age of Kevan P. Krysler at time of appointment
Carbon Robotics CFO start date February 2026 Month and year Krysler began serving as chief financial officer of Carbon Robotics
Everpure CFO tenure start November 2019 Month and year Krysler began serving as chief financial officer of Everpure, Inc.
Everpure CFO tenure end June 2025 Month and year Krysler’s role as chief financial officer of Everpure, Inc. ended
Leap service availability 99.9% Stated availability and uptime of D-Wave’s Leap quantum cloud service
Organizations using D-Wave More than 100 Number of organizations across commercial, government and research sectors that D-Wave states are customers
Class I director regulatory
"appointed Kevan P. Krysler as an independent Class I director, effective"
A class I director is a member of a company’s board who belongs to one of several groups whose terms expire in a specified year under a staggered election system; each class is elected on a different cycle so only a portion of the board faces re-election each year. This matters to investors because it affects how quickly control of the board can change, the company’s continuity and oversight, and the ease of mounting or defending against takeover efforts—think of a team where only some players are replaced each season rather than the whole roster at once.
Audit Committee regulatory
"Krysler to its Board of Directors and Audit Committee"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
annealing quantum computing technical
"offer dual-platform quantum computing products and services, spanning both annealing"
A form of quantum computing that finds good solutions to hard optimization problems by slowly steering a system toward its lowest‑energy configuration, much like gently cooling molten metal so it settles into a stable shape. It matters to investors because, for certain tasks such as portfolio optimization, logistics routing or risk modeling, it promises faster or better results than conventional computers—potentially lowering costs or creating competitive advantage—though its benefits are problem‑specific and not universal.
gate-model quantum computing technical
"products and services, spanning both annealing and gate-model quantum"
Gate-model quantum computing is a way of building quantum computers where information is stored in qubits—tiny units that can represent blended states rather than just on/off—and computation is done by applying a sequence of precise operations called gates. Think of it as a programmable circuit where each gate nudges qubits like musical notes in a score; investors care because, if scaled and error-corrected, this approach promises dramatic speedups for certain tasks (encryption, optimization, simulation) that can reshape industries and create new markets.
forward-looking statements regulatory
"Certain statements in this press release are forward-looking, as defined"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
quantum cloud service technical
"through enterprise-grade systems available on-premises and via its Leap™ quantum cloud service"

FAQ

What did D-Wave Quantum Inc. (QBTS) announce regarding its board of directors?
D-Wave Quantum Inc. announced the appointment of Kevan P. Krysler as an independent Class I director and Audit Committee member, effective August 13, 2026. He will serve until the 2029 Annual Meeting of Stockholders or until a successor is elected and qualified.

Who is Kevan P. Krysler, the new director appointed by D-Wave Quantum Inc. (QBTS)?
Kevan P. Krysler is a 55-year-old veteran technology finance executive and current chief financial officer of Carbon Robotics. His prior roles include CFO of Everpure, senior vice president of finance and chief accounting officer at VMware, and partner at KPMG’s Silicon Valley technology practice.

What board responsibilities will Kevan P. Krysler have at D-Wave Quantum Inc. (QBTS)?
Kevan P. Krysler has been appointed as an independent Class I director and will serve on D-Wave’s Audit Committee. He will be compensated on the same basis as other non-employee directors, according to the company’s 2026 proxy statement describing director compensation policies.

How does D-Wave Quantum Inc. (QBTS) describe its quantum computing business in this announcement?
D-Wave describes itself as the first and only provider of dual-platform quantum computing systems, covering both annealing and gate-model technologies. It offers enterprise-grade systems via its Leap quantum cloud service, which it states provides 99.9% availability and uptime for customers in multiple sectors.

What experience does Kevan P. Krysler bring that is relevant to D-Wave Quantum Inc. (QBTS)?
Kevan P. Krysler brings extensive experience in public company reporting, global financial operations, corporate growth strategy, and risk management. His background spans public and private technology companies, including leadership roles at Everpure and VMware and partnership experience at KPMG’s Silicon Valley technology practice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding 8-K Material Events →
0001907982FALSE00019079822026-08-132026-08-13

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): August 13, 2026
_____________________________________________________________
D-Wave Quantum Inc.
(Exact Name of Registrant as Specified in Its Charter)
_____________________________________________________________
Delaware001-4146888-1068854
(State or other jurisdiction of incorporation or organization)(Commission File Number)(I.R.S. Employer Identification No.)
2650 East Bayshore Road
Palo Alto, California
94303
(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:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-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 classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.0001 per shareQBTSThe Nasdaq Stock Market LLC
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
o
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
99.1
Press release, dated August 17, 2026.
104Cover 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.
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

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents