Q/C TECHNOLOGIES, INC. — Form 10-Q
Filed August 12, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Q/C Technologies hired Todd Fagan as Controller (later amended to Chief Financial Officer) effective March 16, 2026, replacing a prior consulting arrangement with Morice Layton Fagan, LLC. Compensation: $240,000 annual base salary, discretionary bonus up to 50% of base, standard benefits. Severance if terminated without cause or by executive for good reason: 3 months' base salary ($60,000). Six-month non-solicitation and non-recruitment covenants post-termination. Title amended to CFO on August 11, 2026.
Why this rating
Standard employment agreement for $240K role at $3.6M company (≈7% of market cap). Routine hire/title change. No material financial exposure.
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