secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001410384-23-000059
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000059/0001410384-23-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000059/qtwo-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001410384-23-000059

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