secwatch.observer — SEC 8-K summary
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Issuer:     QCR HOLDINGS INC (QCRH)
CIK:        0000906465
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001171843-25-001024
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QCR Holdings CEO Larry Helling to retire May 22; Gipple named CEO, Anderson CFO
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- Larry Helling retires as CEO and director effective after May 22, 2025 annual meeting; will serve as Special Advisor for 18 months at $120k/yr.
- Todd Gipple, current President/CFO, becomes President and CEO; Nick Anderson becomes CFO, effective May 22, 2025.
- Gipple's new employment agreement: $455k base salary, 162.5% target bonus, $500k RSU grant vesting 20% per year 2026-2030.
- Anderson's new agreement: $220k base salary, 49% target bonus, $75k RSU grant with same vesting schedule.
- Both Gipple and Anderson get severance: 100% base salary for termination without cause, 200% plus most recent bonus if change-in-control termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906465/000117184325001024/0001171843-25-001024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906465/000117184325001024/f8k_022325.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-001024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer