---
schema_version: "secwatch.filing_event.v1"
accession: "0001410384-23-000059"
form_type: "8-K"
ticker: "QTWO"
cik: "0001410384"
company_name: "Q2 Holdings, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:46:16.309598+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001410384-23-000059
- form_type: 8-K
- ticker: QTWO
- cik: 0001410384
- company_name: Q2 Holdings, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000059/0001410384-23-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000059/qtwo-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001410384-23-000059
- JSON: https://secwatch.observer/filing/0001410384-23-000059.json
- Plain text: https://secwatch.observer/filing/0001410384-23-000059.txt

## Key facts
- Executive change
  Matthew P. Flake resigned as President at Q2 Holdings, Inc..
  - Action: resigned
  - Role: President
  source text: Mr. Flake resigned from his role as President, effective as of May 3, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000059/0001410384-23-000059-index.htm
- Executive change
  Kirk L. Coleman was appointed as President at Q2 Holdings, Inc..
  - Action: appointed
  - Role: President
  source text: appointed Kirk L. Coleman, previously Q2’s Chief Banking Officer, as President, effective May 3, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410384/000141038423000059/0001410384-23-000059-index.htm

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