8-K: D-Wave Quantum CFO Resigns, Internal Successor Named

D-Wave Quantum Inc. announced the resignation of its Chief Financial Officer, John Markovich, effective September 2, 2026, with Senior Vice President of Finance Greg Golkov appointed as acting CFO.

Summary

• John Markovich, Chief Financial Officer of D-Wave Quantum Inc., has announced his intention to retire and will resign from his position effective September 2, 2026.
• Greg Golkov, currently the Senior Vice President of Finance, will assume the role of acting Chief Financial Officer and principal financial and accounting officer.
• Mr. Markovich's departure is not due to any disagreements with the company regarding its business, operations, accounting, or financial reporting.
• Mr. Golkov brings over 25 years of finance and accounting experience, including experience with public company reporting and financial transformation.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive development, primarily due to the smooth transition of the CFO role and the positive framing of the departing CFO's contributions. The lack of disagreement suggests stability, and the appointment of an experienced internal candidate is a positive sign.

Positives

• The resignation of the CFO is not attributed to any disagreements, indicating a stable operational and financial environment.
• Greg Golkov, the incoming acting CFO, has extensive experience (over 25 years) in finance and accounting, including public company transitions.
• Mr. Golkov has been with D-Wave since May 2023, suggesting a degree of continuity and familiarity with the company's operations.
• The CEO, Dr. Alan Baratz, highlighted John Markovich's significant contributions, including taking the company public, raising capital, and improving financial performance.

Negatives

• The departure of a key executive like the CFO can introduce a period of adjustment for the company.
• While Mr. Golkov is experienced, his role as 'acting' CFO may create some uncertainty until a permanent appointment is made.

Risks

• Potential for a temporary disruption in financial strategy or execution during the transition period.
• Investor confidence could be impacted by executive turnover, although the smooth nature of this transition mitigates this risk.

Future Outlook

The filing does not contain specific forward-looking statements or guidance related to financial performance. The focus is on the executive transition.

Management Comments

• "John has made significant contributions to D-Waves success over the last five years, playing a pivotal role in taking the company public in 2022, raising over $900 million in capital, improving and growing our financial performance, and developing an achievable path for the company to reach profitability," said Dr. Alan Baratz, CEO of D-Wave.
• "I want to thank John for his partnership and wish him the very best in his retirement."

Industry Context

StockSavvy.ai notes that executive transitions, particularly for CFOs, are common in the rapidly evolving technology and quantum computing sectors. The ability to maintain stability and experienced leadership during such changes is crucial for investor confidence and continued operational execution.

Management Changes

Related Party Transactions

• There are no reportable transactions between Greg Golkov and the Company under Item 404(a) of Regulation SK.

Stakeholder Impact

• Shareholders: The smooth transition and experienced acting CFO should provide reassurance, minimizing negative impact. The positive mention of past capital raises ($900 million) by the departing CFO may be noted.
• Employees: Continuity in financial leadership is generally positive for internal operations and morale.
• Creditors/Suppliers: Stability in financial reporting and management is expected to maintain confidence.

Next Steps

• Greg Golkov will serve as acting Chief Financial Officer.
• The company may file an amendment to this Form 8-K if Mr. Golkov's compensation is amended in connection with his new role.

Key Dates

Recommendation

The filing reports a routine executive transition with no negative indicators or significant strategic shifts. The departure of a CFO is a standard event, and the appointment of an experienced internal candidate suggests continuity. Without new financial data or strategic initiatives, a 'hold' recommendation is appropriate, pending further developments.

Keywords

Quantum Computing, Chief Financial Officer, Executive Resignation, Finance, Accounting, Public Company Reporting, Corporate Governance