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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): November 17, 2025

 

 

IonQ, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-39694

85-2992192

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

4505 Campus Drive

 

College Park, Maryland

 

20740

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 301 298-7997

 

Not Applicable

(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

Common stock, par value $0.0001 per share

 

IONQ

 

New York Stock Exchange

Warrants, each exercisable for one share of common stock for $11.50 per share

 

IONQ WS

 

New York Stock Exchange

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. ☐

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Alameddine Separation

On November 17, 2025, IonQ, Inc. (the “Company”) and Rima Alameddine determined that her last day as Chief Revenue Officer of the Company would be November 24, 2025. As a result of her departure, Ms. Alameddine will qualify for certain benefits under the Company’s Amended and Restated Executive Severance Plan (the “Executive Severance Plan”) and her performance-based restricted stock unit (“PSU”) award agreement (the “PSU Award Agreement”). Accordingly, also on November 17, 2025, the Company and Ms. Alameddine entered into a Separation Agreement (the “Alameddine Separation Agreement”) including a release of claims in favor of the Company and, as such, she will receive the following payments and benefits:

Cash Severance: A gross cash payment, less applicable withholdings and deductions, equal to (i) nine months of base salary, (ii) 100% of her 2025 annual target bonus and (iii) a portion of her 2025 annual target bonus, pro-rated to the number of days worked as an employee in 2025, which gross payment will be made in equal installments on the Company’s regular payroll schedule over nine months.
COBRA Benefits: If Ms. Alameddine elects to receive continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, the Company will pay the applicable premiums for her for up to nine months following the termination of her coverage as an employee on November 30, 2025.
Equity Vesting: Ms. Alameddine’s unvested restricted stock units and options will accelerate and become vested in full, and her PSUs will vest, based on target performance, prorated for the portion of the performance period during which she provided services to the Company.

Additionally, pursuant to the Alameddine Separation Agreement, Ms. Alameddine has agreed to serve in a non-employee advisory capacity to the Company from November 24, 2025 through December 31, 2025. During this period, she will continue to be paid her current base salary.

The foregoing summary of Ms. Alameddine’s severance entitlements is not a complete discussion of those terms and is qualified in its entirety by reference to the full text of the Executive Severance Plan and the PSU Award Agreement, copies of which are filed as Exhibits 10.2 and 10.9 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and are incorporated herein by reference.

Item 8.01 Other Events.

On November 19, 2025, the Company issued a press release announcing the appointment of Scott Millard as Chief Business Officer of the Company. A copy of the press release has been filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
No.

Description

99.1

Press Release, dated November 19, 2025

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.

 

 

 

IonQ, Inc.

 

 

 

 

Date:

November 21, 2025

By:

/s/ Paul T. Dacier

 

 

 

Paul T. Dacier
Chief Legal Officer and Secretary

 


EX-99.1 2 ionq-ex99_1.htm EX-99.1 EX-99.1

Exhibit 99.1

 

Scott Millard Named IonQ’s New Chief Business Officer

COLLEGE PARK, MD – November 19, 2025 – IonQ (NYSE: IONQ), the world’s leading quantum company, today announced that Scott Millard will join the company as its new Chief Business Officer (CBO) reporting to IonQ Chairman and CEO Niccolo de Masi. Millard assumes his role from Rima Alameddine, who will be pursuing other opportunities and will remain in an advisory capacity during a transition period.

As CBO, Millard will be responsible for transforming industries and helping customers solve some of the world’s most complex problems with IonQ's award-winning quantum computing, quantum networking, quantum sensing and quantum security portfolio. He will focus on further accelerating growth and scaling the mass market adoption of IonQ quantum products and services by leading sales strategy, customer success, and go-to-market execution.

"The record-breaking financial results we announced earlier this month underscore why IonQ is the industry leader in quantum computing, quantum networking, quantum sensing and quantum security. Our company’s technical leadership as well as our superior unit economics make IonQ the preferred quantum platform company for customers worldwide,” said de Masi. “As we look ahead at commercializing all segments of our full-stack quantum solution, we believe that Scott’s 30+ years of sales leadership in technology will play a key role in expanding our lead in the quantum industry. In particular, his deep expertise in AI will be an important complement to IonQ's strength in creating and selling quantum + AI solutions.”

Millard’s expertise for building high growth teams was demonstrated during his time as Senior Vice President, Global AI Sales at Dell Technologies, where he led a $20B+ organization supporting the world’s largest AI Natives and Cloud Service Providers. In this role Millard oversaw sales, technical, product, and services teams that drove some of the largest AI deployments in the world.

His previous strategic sales roles at Dell included leading Global Partner sales overseeing a $22B data center portfolio and Senior Vice President of North America Preferred accounts managing a $5B enterprise and commercial organization. Millard also served as VP, Americas Channel Sales for EMC, managing a $4B+ business. He received an MBA in Information Systems and a BS in Business Administration from Bryant University.

About IonQ

IonQ, Inc. [NYSE: IONQ] is the world’s leading quantum company delivering solutions to solve the world’s most complex problems. IonQ’s newest generation of quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems that have been helping customers and partners such as Amazon Web Services, AstraZeneca, and NVIDIA achieve 20x performance results. The company achieved 99.99% two-qubit gate fidelity, setting a world record in quantum computing performance in 2025.

The company is accelerating its technology roadmap and intends to deliver the world’s most powerful quantum computers with 2 million qubits by 2030 to accelerate innovation in drug discovery, materials science, financial modeling, logistics, cybersecurity, and defense. IonQ’s advancements in quantum networking also position the company as a leader in building the quantum internet.

IonQ has operations in Maryland, Washington, California, Colorado, Massachusetts, Tennessee, United Kingdom, Toronto, South Korea, Sweden, and Switzerland. The company’s innovative technology and rapid growth were recognized in Fortune Future 50, Newsweek’s 2025 Excellence Index 1000, and Forbes’ 2025 Most Successful Mid-Cap Companies list. Available through all major cloud providers, IonQ is making quantum more accessible and impactful than ever before. Learn more at IonQ.com.

Note to Investors Regarding Forward-Looking Statements

This press release contains forward-looking statements. All statements contained in this press release other than statements of historical fact are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “pending,” “look forward,” “accelerate,” “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “confident” and other similar expressions. These statements are only predictions based on our expectations and projections about future events as of the date of this press release and are subject to a number of risks, uncertainties and assumptions that may prove incorrect, any of which could cause actual results to differ materially from those expressed or implied by such statements, including, among others, those described under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission, or SEC, and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025 filed with the SEC. New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement we make. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. Except as otherwise required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.


Contacts

IonQ Media Contact:

press@ionq.com

IonQ Investor Contact:

investors@ionq.com