Rigetti Computing enters separation agreement with founder Chad Rigetti; cash severance $446K

Rigetti Computing, Inc.

Cash severance of $446,000 (12 months base salary) payable in installments with a catch-up lump sum.
COBRA premium subsidy for up to 12 months or until new coverage, whichever is earlier.
Chad Rigetti signed a general release of claims; equity vesting ceased on December 15, 2022.
Separation Agreement dated February 14, 2023; terms disclosed via Amendment No. 2 to prior 8-K.

item 5.02 item 9.01

Executive movements

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Departed

Chad Rigetti

President and Chief Executive Officer

RGTI · Rigetti Computing, Inc.

Effective: 2022-11-12
Filed: February 16, 2023, 6:59 PM ET

As previously reported on the Original Form 8-K, on November 12, 2022, the Company’s board of directors accepted the resignation of Dr. Rigetti, the Company’s Founder, President and Chief Executive Officer, from all positions he held with the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Chad Rigetti resigned as President and Chief Executive Officer at Rigetti Computing, Inc..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

As previously reported on the Original Form 8-K, on November 12, 2022, the Company’s board of directors accepted the resignation of Dr. Rigetti, the Company’s Founder, President and Chief Executive Officer, from all positions he held with the Company.

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Rigetti Computing, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-040758

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