UNITED STATES
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FORM
CURRENT REPORT
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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).
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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.
Chief Operating Officer Appointment
On May 2, 2025, the Board of Directors (the “Board”) of Quantum Computing Inc. (the “Company”) appointed Dr. Milan Begliarbekov, Ph.D, to the position of the Company’s Chief Operating Officer, effective immediately.
Dr. Begliarbekov, age 40, brings over 10 years of experience in the semiconductor and optical component manufacturing industry including nanofabrication and materials science. Prior to his current role Dr. Begliarbekov served as Director of Quantum Foundry since 2022. In that position he was responsible for overseeing the development and commercialization of quantum materials, devices, and technologies including thin-film lithium niobate and transition metal ferroelectrics for advanced sensing and photonic computing applications. Prior to joining the Company, he served as Manager, then Director and finally Research Assistant Professor and Director of the Nanofabrication Facility at the City University of New York (CUNY) from 2014 to 2022. In this role, he managed the design, commissioning, and operation of one of the region’s leading nanofabrication centers, supporting academic and industrial users from early-stage startups to established corporations. His responsibilities included process development, equipment oversight, and the leadership of multiple scientific collaborations. Dr. Begliarbekov holds Bachelors, Masters and PhD degrees in Physics and a Bachelor’s degree in Literature from Stevens Institute of Technology.
Family Relationships
Dr. Begliarbekov does not have a family relationship with any of the current officers or directors of the Company.
Related Party Transactions
There are no related party transactions with regard to Dr. Begliarbekov reportable under Item 404(a) of Regulation S-K.
Compensatory Arrangements
In connection with his appointment as Chief Operating Officer, the Company increased Dr. Begliarbekov’s annual salary to $248,000 but did not otherwise change his compensation arrangement. As per his existing compensation arrangement, Dr. Begliarbekov is eligible to earn an annual cash bonus in an amount of up to 10.0% of his base salary upon the achievement of mutually-agreed upon performance milestones, although to date the Board has determined to pay such annual bonuses in shares of Common Stock or options to purchase shares of Common Stock in lieu of cash.
1
Item 8.01 Other Events.
Also on May 2, 2022, the Board appointed Pouya Dianat, PhD, to the position of the Company’s Chief Revenue Officer, effective immediately.
Dr. Dinat, age 39, combines over 18 years of experience in the photonics industry including more than a decade in commercialization of photonic technologies and eight years as a graduate student in photonics. Previously Dr. Dianat served as the Director of Photonic Integrated Circuits (PICs) and Foundry Services, where he led the commercial offerings of the Company’s thin-film lithium niobate technology since July 2024. Dr. Dianat was the Chief Technology Officer for Nanograss Solar LLC., a company commercializing high-speed photodetectors, from 2018 to 2021. From 2021 to 2022, he was Entrepreneur-in-residence at Drexel University, while also working as a scientist at Princeton Infrared Technologies, a company focused on high-end infrared cameras. From March 2022 to July 2023, he was a Senior Photonics Engineer at Optogration, a Luminar Company, where he led commercial offerings, business development and scale-up of photonic detector chips for automotive LIDAR products. Dr. Dianat served as the Market Expert and Director of PIC and Quantum Technologies at OPTICA, a world-leading optics and photonics association, from 2023 to 2024. Dr. Dianat received his PhD and Master of Science degrees in Electrical Engineering from Drexel University, and a Bachelor of Science degree in Electrical Engineering from Sharif University of Technology, Tehran, Iran. Dr. Dianat also served a two-year Postdoctoral Fellowship at Northwestern University.
The Company’s press release announcing the appointment of Dr. Begliarbekov as Chief Operating Officer and of Dr. Dianat as Chief Revenue Officer is filed as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number |
Description | |
| 99.1 | Press release dated May 8, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
2
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.
| QUANTUM COMPUTING INC. | ||
| Date: May 8, 2025 | By: | /s/ William McGann |
| William McGann | ||
| Chief Executive Officer | ||
3
Exhibit 99.1
Quantum Computing, Inc. Announces Key Leadership Promotions to Support Growth Strategy
Milan Begliarbekov promoted to Chief Operating Officer; Pouya Dianat promoted to Chief Revenue Officer
HOBOKEN, NJ – May 8, 2025 – Quantum Computing Inc. (“QCi” or the “Company”) (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced the promotion of two key executives to support the Company’s next phase of strategic growth and commercialization. These leadership appointments build on recent milestones including completion of construction of QCi’s quantum photonic chip foundry, as announced during the fourth quarter 2024 shareholder update call on March 20, 2025, and the successful execution of its pilot chip sales initiative.
Milan Begliarbekov has been promoted to Chief Operating Officer and Pouya Dianat has been promoted to Chief Revenue Officer. These leadership advancements reflect QCi’s commitment to accelerating the execution of its strategic initiatives across both product development and commercial expansion.
Dr. Milan Begliarbekov has been the Director of Quantum Foundry since joining the Company in September 2022. In that role he was responsible for the design and construction of the Company’s foundry in Tempe, Arizona, as well as overseeing the development and manufacturing of photonic materials, devices, and technologies including thin-film lithium niobate for advanced sensing and photonic computing applications. Dr. Begliarbekov brings more than 13 years of experience in nanofabrication, materials science, and scientific leadership. Prior to joining QCi, he served as a Research Assistant Professor and Director of the Nanofabrication Facility at the City University of New York (CUNY). In this role, he managed the design, commissioning, and operation of one of the region’s leading nanofabrication centers, supporting academic and industrial users from early-stage startups to established corporations. His responsibilities included process development, equipment oversight, and the leadership of multiple scientific collaborations.
In his new role as Chief Operating Officer, Dr. Begliarbekov will be responsible for overseeing day-to-day operations across QCi, driving manufacturing efficiency, ensuring quality control, and supporting the scaling of production to meet customer demand. He will also be managing the Company’s strategy to develop advanced photonic circuits for the next generation of the Company’s quantum computers.
Dr. Pouya Dianat was previously the Director of Photonic Integrated Circuits (PICs) and Foundry Services at QCi, where he led business strategy, product development and management, and sales for the company’s thin-film lithium niobate–based foundry platform, processing TFLN and other transition metal ferroelectrics for quantum and non-quantum applications. The unique optical properties of TFLN allow for faster, more efficient control of light, essential in quantum computing and communication. Dr. Dianat brings over a decade of experience in commercializing advanced photonic technologies. Before joining QCi, he was a market expert and Technical Director at OPTICA, where he focused on PIC and quantum technologies. Prior to that, he led business development and chip scale-up efforts in photonic detector product lines at Luminar Technologies, a leader in automotive LiDAR solutions. Dr. Dianat earned a Ph.D. in Electrical Engineering from Drexel University, where he developed quantum-enhanced opto-plasmonic detectors, followed by a Postdoctoral Fellowship at Northwestern University.
In his new role as Chief Revenue Officer, Dr. Dianat will be responsible for driving global commercial strategy, accelerating customer acquisition, and expanding revenue streams across all QCi machines and foundry offerings.
“As we continue to scale our business and bring our technologies to market, strengthening our leadership team is essential to executing our strategy effectively,” said Dr. William McGann, Chief Executive Officer of QCi. “Milan and Pouya have each been instrumental in driving our quantum and nanophotonic initiatives forward. Elevating them into these key roles strengthens our ability to deliver on the market opportunities in front of us, particularly in the datacom and telecom sectors, where we see growing demand for high-performance TFLN solutions. With the ribbon cutting of our quantum photonic chip foundry approaching, we are entering an exciting phase that positions us to accelerate both innovation and customer adoption.”
As part of QCi’s growth strategy, the Company completed construction of its quantum photonic chip foundry in Tempe, Arizona in March 2025. Following the completion of construction, the foundry’s upgraded ISO certification was finalized ahead of schedule. The foundry positions QCi to meet growing global demand for TFLN photonic chips, with a multi-phase plan to scale production and address high-value markets.
“I’m honored to step into this new role and excited to help drive QCi’s operational initiatives as we expand our footprint in quantum and photonic markets,” said Milan Begliarbekov, Chief Operating Officer. “We have a clear roadmap ahead, and I look forward to working with the team to execute on our long-term vision.”
“This is an important time for QCi, and I’m enthusiastic to build and expand on the commercial traction we’ve established and to help accelerate the global adoption of our innovative technology,” added Pouya Dianat, Chief Revenue Officer. “Our product and service offerings can solve business problems today and we’re seeing growing interest from both government and industry partners. I am excited to support our customers in unlocking the full potential of our technologies.”
About Quantum Computing Inc.
Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines and TFLN foundry services to the world today. QCi’s products are designed to operate at room temperature and low power at an affordable cost. The Company’s portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.
Company Contact:
Rosalyn Christian/John Nesbett
IMS Investor Relations
qci@imsinvestorrelations.com
Cover |
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| Entity Tax Identification Number | 82-4533053 |
| Entity Incorporation, State or Country Code | DE |
| Entity Address, Address Line One | 5 Marine View Plaza |
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| Entity Address, City or Town | Hoboken |
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