Management ChangeMay 14, 2026, 08:32 AM
Infleqtion Appoints Nicholas Johnson as Class III Director
AI Summary
Infleqtion, Inc. appointed Nicholas Johnson as a Class III director, with his term expiring at the Company's 2029 annual meeting of stockholders. Mr. Johnson, a Partner at Archimedes Advisor Group and Managing Director at M. Klein & Company, was designated by Churchill Sponsor X LLC as per the Merger Agreement. He is not considered independent under NYSE listing standards due to M. Klein & Company's advisory agreement with Infleqtion, and consequently, will not receive director compensation while that agreement is in effect.
Key Highlights
- Infleqtion appointed Nicholas Johnson as a Class III director, with his term expiring at the 2029 annual meeting.
- Mr. Johnson serves as Partner of Archimedes Advisor Group and Managing Director of M. Klein & Company.
- His appointment was made pursuant to the Merger Agreement, designated by Churchill Sponsor X LLC.
- Mr. Johnson is not independent under NYSE listing standards due to M. Klein & Company's advisory role.
- He will not be entitled to compensation under the Company's Non-Employee Director Compensation Policy.
- M. Klein & Company receives a fee of $250,000 per quarter for advisory services for two years.
- The Advisor is also entitled to 5% of underwriting fees and 3% of gross proceeds from strategic investments.
Price Impact
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