secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2021-09-24T23:59:59+00:00
Accession:  0001410384-21-000119
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038421000119/0001410384-21-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038421000119/qtwo-20210923.htm
  HTML page:      https://secwatch.observer/filing/0001410384-21-000119

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