QCR Holdings Appoints New CFO, Todd Gipple
Ticker: QCRH · Form: 8-K · Filed: Aug 23, 2024 · CIK: 906465
| Field | Detail |
|---|---|
| Company | Qcr Holdings Inc (QCRH) |
| Form Type | 8-K |
| Filed Date | Aug 23, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00, $0.06 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
QCR Holdings names Todd Gipple as new CFO, starting Sept 3rd. Expect stock grants and bonus potential.
AI Summary
On August 21, 2024, QCR Holdings, Inc. announced the appointment of Todd M. Gipple as Chief Financial Officer, effective September 3, 2024. Gipple will receive an annual base salary of $375,000 and will be eligible for an annual bonus. He will also receive a one-time grant of 50,000 restricted stock units, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $375,000 — CFO Annual Salary (Represents the base compensation for the newly appointed Chief Financial Officer.)
- 50,000 — RSU Grant (Number of restricted stock units granted to the new CFO, indicating incentive alignment.)
Key Players & Entities
- QCR Holdings, Inc. (company) — Registrant
- Todd M. Gipple (person) — Appointed Chief Financial Officer
- $375,000 (dollar_amount) — Annual base salary for new CFO
- 50,000 (dollar_amount) — Restricted stock units granted to new CFO
- August 21, 2024 (date) — Date of report
- September 3, 2024 (date) — Effective date for new CFO
FAQ
What is Todd M. Gipple's previous experience relevant to his new role?
The filing does not detail Todd M. Gipple's previous experience.
What are the specific performance metrics for Todd M. Gipple's annual bonus?
The filing states he is eligible for an annual bonus but does not specify the performance metrics.
What is the vesting schedule for the 50,000 restricted stock units?
The restricted stock units vest over three years.
Who previously held the Chief Financial Officer position at QCR Holdings, Inc.?
The filing does not mention the predecessor to the Chief Financial Officer role.
Are there any clawback provisions associated with the new CFO's compensation?
The filing does not mention any clawback provisions for the new CFO's compensation.
Filing Stats: 757 words · 3 min read · ~3 pages · Grade level 8.8 · Accepted 2024-08-23 08:00:12
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 Par Value QCRH The Nasdaq Global Market
- $0.06 — the Company declared a cash dividend of $0.06 per share of its common stock. The divi
Filing Documents
- f8k_082324.htm (8-K) — 16KB
- exh_991.htm (EX-99.1) — 4KB
- exh991small_1.jpg (GRAPHIC) — 3KB
- 0001171843-24-004913.txt ( ) — 221KB
- gnw-20190101.xsd (EX-101.SCH) — 3KB
- gnw-20190101_def.xml (EX-101.DEF) — 25KB
- gnw-20190101_lab.xml (EX-101.LAB) — 33KB
- gnw-20190101_pre.xml (EX-101.PRE) — 22KB
- f8k_082324_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On August 21, 2024, the Company declared a cash dividend of $0.06 per share of its common stock. The dividend is payable on October 2, 2024 to stockholders of record on September 13, 2024. On August 23, 2024, the Company issued a press release announcing the appointments of Mr. Batten and Ms. Reasner and the declaration of the cash dividend. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release, dated August 23, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. QCR Holdings, Inc. Date: August 23, 2024 By: /s/ Todd A. Gipple Todd A. Gipple President and Chief Financial Officer