Quantum Cyber names Peter O'Rourke to lead drone unit, adds director Louis Buffalino

Quantum Cyber N.V. said in a Form 8-K dated July 6, 2026 that its Board approved an executive employment agreement between Peter O'Rourke and Quantum Drones Corporation, described as a wholly owned subsidiary of the Company, with O'Rourke serving as the President of Quantum Drones¹, effective July 1, 2026.

Under the agreement, the initial term runs twelve months from the effective date, followed by six automatic renewal periods unless either party gives at least 21 days prior written notice of non-renewal¹. O'Rourke's compensation includes a monthly base salary of $20,833.33, offset by $50,000 previously received or to be received for his prior service as a director, reducing his base salary for the remainder of 2026 to $16,666.67 per month¹. He will also receive stock options to purchase up to 112,859 ordinary shares of the Company, at an exercise price of $1.45 per share¹. Termination terms specify that if O'Rourke resigns for Good Reason he receives accrued compensation through the termination date, unreimbursed expenses, and accrued benefits under Quantum Drones' benefit plan¹, while if Quantum Drones terminates him without Cause, he receives one month of continued base salary plus the Accrued Obligations¹.

Separately, the company appointed Louis Buffalino as a director effective July 1, 2026, to fill a vacancy on the Board, serving until the 2027 annual general meeting or until a successor is elected¹. He was also placed on the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee¹, and the Board determined he qualifies as an independent director under Nasdaq listing standards¹.

Buffalino's background includes service as Senior Vice President at Cushman & Wakefield, a global Real Estate Services firm, from September 2012 to 2024¹. The filing states that from December 2019 to September 2024, Mr. Buffalino chaired the Nominating and Governance Committee and sat on the Audit and Compensation Committees of Blink Charging Inc., and from August 2021 to September 2022 he served as a Board Member and Chief Operating Officer of CleanTech Acquisition¹. The company said there are no arrangements between Buffalino and any other person related to his appointment, and he has no material interest in any transaction reportable under Item 404(a) of Regulation S-K¹.