QUANTUM COMPUTING INC (QUBT)
Sector: Information Technology
2026 Annual Meeting Analysis
QUANTUM COMPUTING INC · Meeting: June 24, 2026
Directors FOR
6
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Director Elections
Election of Directors
Dr. Huang is the CEO and Chairman with deep quantum physics expertise; QUBT's 3-year return of +664.4% outperforms the disclosed peer group median by +380.6 percentage points, far exceeding the 65-point threshold needed to trigger a performance concern, no overboarding or attendance issues are present, and there are no family relationship flags.
Dr. Weimer has over 25 years of aerospace and advanced optics experience directly relevant to QUBT's photonics business; the TSR trigger does not apply given QUBT's strong outperformance versus peers, attendance is at least 90%, and no other policy flags are present.
Dr. Shabani is a quantum physics professor with 13+ years in advanced quantum information science, providing highly relevant technical oversight; QUBT's peer-relative TSR is strongly positive and no other policy concerns are triggered.
Mr. Fagenson brings extensive financial services and public company board experience and chairs the Compensation Committee; QUBT's TSR far outperforms the peer median, attendance exceeds the 75% threshold, and no overboarding or independence concerns are identified.
Mr. Turmelle serves as Audit Committee Chairman and is designated the audit committee financial expert, satisfying the SEC's financial expertise requirement; the TSR trigger does not fire and no other negative flags are present.
Mr. Schwartz joined the board on March 26, 2025, well within the 24-month exemption window from the TSR trigger; his corporate finance and private equity background provides relevant oversight capability and no other policy concerns apply.
All six director nominees pass policy screens. QUBT's 3-year total shareholder return of +664.4% outperforms the disclosed peer group median by +380.6 percentage points, which is far above the 65-point threshold required to trigger a performance-related concern. All directors attended at least 90% of board and committee meetings, no overboarding issues are identified, there are no family relationships between directors and senior management, and independent directors appropriately serve on audit and compensation committees.
Say on Pay
✓ FORCEO
Yuping Huang
Total Comp
$508,205
Prior Support
92%%
CEO Yuping Huang received total compensation of $508,205 for 2025, which is well within a reasonable range for a CEO at a $2 billion technology company and is not above benchmark thresholds. The prior year say-on-pay vote received 92% support, well above the 70% threshold that would require a remediation response. The company has a clawback policy in place, used stock options to align executives with shareholder outcomes, paid annual bonuses below target reflecting the company's miss on its revenue goal, and is enhancing the 2026 program with more rigorous performance-based equity tied to multi-year relative total shareholder return, all of which represent sound pay-for-performance alignment.
Auditor Ratification
✓ FORAuditor
BPM LLP
Tenure
2 yrs
Audit Fees
$408,000
Non-Audit Fees
$69,000
BPM LLP has served as QUBT's auditor since June 2024, well under the 25-year tenure threshold that would raise independence concerns. Non-audit fees of approximately $69,000 represent about 17% of audit fees of $408,000, comfortably below the 50% threshold. The firm is appropriate in size and capability for a company of QUBT's market cap and complexity, and all fees were pre-approved by the Audit Committee.
Overall Assessment
QUBT's 2026 annual meeting ballot is largely uncontroversial. The company's stock has delivered exceptional returns over three years (+664%), executive pay is modest and below typical benchmark levels, the new auditor is independent with low non-audit fees, and all six director nominees pass policy screens. The two non-standard proposals — a share authorization increase and an equity plan amendment — reflect the company's active capital-raising posture and require shareholder judgment on dilution tolerance, but fall partially outside the scope of this policy.
Compensation Peer Group
16 companies disclosed in 2026 proxy filing