Q2 Holdings Appoints New CFO, David Clouthier

TL;DR

Q2 Holdings names David Clouthier as new CFO, starting May 10th. Big stock options incoming.

AI Summary

On May 6, 2024, Q2 Holdings, Inc. announced the appointment of David L. Clouthier as its new Chief Financial Officer, effective May 10, 2024. Clouthier will receive an annual base salary of $400,000 and will be eligible for a discretionary annual bonus. He will also receive a stock option grant of 150,000 shares and a restricted stock unit award of 75,000 shares, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.

Key Numbers

• $400,000 — CFO Base Salary (Annual compensation for David L. Clouthier)
• 150,000 — Stock Options (Grant to new CFO)
• 75,000 — RSUs (Grant to new CFO)

Key Players & Entities

• Q2 Holdings, Inc. (company) — Company making the announcement
• David L. Clouthier (person) — Newly appointed Chief Financial Officer
• $400,000 (dollar_amount) — Annual base salary for the new CFO
• 150,000 shares (dollar_amount) — Stock option grant for the new CFO
• 75,000 shares (dollar_amount) — Restricted stock unit award for the new CFO
• May 10, 2024 (date) — Effective date of the new CFO's appointment
• May 6, 2024 (date) — Date of the filing

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value QTWO New York Stock Exchange

Filing Documents

• qtwo-20240506.htm (8-K) — 31KB
• exhibit991rhsrelease.htm (EX-99.1) — 9KB
• 0001410384-24-000103.txt ( ) — 175KB
• qtwo-20240506.xsd (EX-101.SCH) — 2KB
• qtwo-20240506_def.xml (EX-101.DEF) — 4KB
• qtwo-20240506_lab.xml (EX-101.LAB) — 26KB
• qtwo-20240506_pre.xml (EX-101.PRE) — 15KB
• qtwo-20240506_htm.xml (XML) — 2KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On May 10, 2024, Q2 issued a press release announcing Mr. Seale's decision not to stand for re-election and appointment as Chairman Emeritus, a copy of which is furnished herewith as Exhibit 99.1. The information in Exhibit 99.1 is being "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (as amended, the " Exchange Act ") or otherwise subject to the liabilities of that Section, and shall not be or be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release dated May 10, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES 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. Q2 HOLDINGS, INC. May 10, 2024 /s/ David J. Mehok David J. Mehok Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR