Q2 Holdings appoints Kirk Coleman as President; CEO Flake relinquishes President role

Q2 Holdings, Inc.

Kirk Coleman promoted to President effective May 3, 2023; previously Chief Banking Officer since Dec 2021.
CEO Matt Flake resigned as President but remains CEO and board member; role split deepens executive talent.
Coleman's base salary raised to $450,000; target annual bonus increased to 100% of base salary.
Awarded $1M in RSUs (4-year vest) and $1M in PSUs (TSR and EBITDA metrics) under Amended Employment Agreement.
Coleman to lead sales, marketing, product, engineering and operations; over 30 years of banking experience.

item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Matthew P. Flake

President

QTWO · Q2 Holdings, Inc.

Effective: 2023-05-03
Successor: Kirk L. Coleman
Filed: May 3, 2023, 7:59 PM ET

Mr. Flake resigned from his role as President, effective as of May 3, 2023.

Appointed

Kirk L. Coleman

President

QTWO · Q2 Holdings, Inc.

Effective: 2023-05-03
Filed: May 3, 2023, 7:59 PM ET

appointed Kirk L. Coleman, previously Q2’s Chief Banking Officer, as President, effective May 3, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew P. Flake resigned as President at Q2 Holdings, Inc..

Action: resigned
Role: President

Exact text from the filing

Mr. Flake resigned from his role as President, effective as of May 3, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kirk L. Coleman was appointed as President at Q2 Holdings, Inc..

Action: appointed
Role: President

Exact text from the filing

appointed Kirk L. Coleman, previously Q2’s Chief Banking Officer, as President, effective May 3, 2023.

View on SEC.gov

Q2 Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001410384-23-000059

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