---
schema_version: "secwatch.filing_event.v1"
accession: "0001410384-21-000119"
form_type: "8-K"
ticker: "QTWO"
cik: "0001410384"
company_name: "Q2 Holdings, Inc."
filed_at: "2021-09-24T23:59:59+00:00"
generated_at: "2026-06-29T01:30:12.965363+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Q2 Holdings enters amended executive employment agreements with enhanced severance for CEO and NEOs

## Summary
- CEO Flake: non-CIC severance of 200% salary + pro-rata target bonus over 24 months; CIC severance 250% salary lump sum, full equity vesting, COBRA up to 30 months.
- Other NEOs (Mehok, Blue, Furrer, Breeden): non-CIC severance of 150% salary + pro-rata target bonus over 18 months; CIC severance 200% salary lump sum, full equity vesting, COBRA up to 24 months.
- New agreements impose non-compete/non-solicitation covenants: 24 months for CEO, 18 months for other NEOs.
- Agreements dated September 23-24, 2021; replace prior employment agreements and condition benefits on release of claims.

## SEC filing metadata
- accession: 0001410384-21-000119
- form_type: 8-K
- ticker: QTWO
- cik: 0001410384
- company_name: Q2 Holdings, Inc.
- filed_at: 2021-09-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410384/000141038421000119/0001410384-21-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410384/000141038421000119/qtwo-20210923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410384-21-000119
- JSON: https://secwatch.observer/filing/0001410384-21-000119.json
- Plain text: https://secwatch.observer/filing/0001410384-21-000119.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.