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Matthew P. Flake

CEO and Chairman at Q2 Holdings
Board
Since December 2011
Age
52 years
Education
Holds a Bachelor of Arts in Business from Baylor University.
Tenure
Joined QTWO as Vice President of Sales in 06-2005, later serving as President, Chief Executive Officer, and board member before assuming the current dual role of CEO and Chairman.

Also at Q2 Holdings

DJM
David J. Mehok
CFO and Principal Accounting Officer
JEB
John E. Breeden
Chief Delivery Officer
JAP
Jonathan A. Price
CFO

About

Matthew P. Flake is a seasoned leader with over two decades of experience in the financial services and technology sectors. His career began with significant roles in sales management, where he honed his skills in community banking solutions and technology-driven financial services.

Throughout his professional journey, he has taken on increasing leadership responsibilities at QTWO, starting with his role as Vice President of Sales and progressing to President, Chief Executive Officer, and board member. This trajectory has been marked by strategic decision-making and a commitment to fostering growth and innovation within the organization.

Under his guidance, QTWO has evolved into a dynamic firm that continues to expand its digital financial solutions. His leadership reflects a forward-thinking vision and a deep understanding of the competitive financial landscape, which continues to shape the company’s strategic direction.

$QTWO Performance Under Matthew P. Flake

Past Roles

OrganizationRoleDate RangeDetails
Q2 Holdings, Inc. (QTWO)PresidentMarch 2019 to May 2023 Previous role prior to current CEO/Chairman position
Q2 Holdings, Inc. (QTWO)PresidentMarch 2008 to August 2016 Previous role prior to current CEO/Chairman position
Q2 Holdings, Inc. (QTWO)Vice President of SalesJune 2005 to March 2008 Held before advancing within the company
S1 CorporationRegional Sales Director2002 to May 2005 Provided Internet-based financial services solutions
Q-Up Systems, Inc.Regional Sales ManagerAugust 1999 to 2002 Provided interactive web-based solutions for community banks and credit unions

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Annual Base Salary$520,000 Annual Fixed annual base salary for 2023.
All Other Compensation$36,325 Annual Includes employer’s premiums for medical, dental, vision, short-term and long-term disability, life, accidental death/dismemberment insurance, HSA contributions, 401(k) matching, and an executive wellness physical (none exceeds $25,000 individually).

Performance Compensation

Data from  FY 2023

Non-Equity Incentive Plan Compensation

Metric (Component)WeightThresholdTargetMaximumGrant DateVesting ScheduleAdditional Details
Corporate Bookings (MRR)50%$6,313,366 $8,417,822 $10,101,386 March 2, 2023 Vests on the third anniversary as earned N/A
Corporate Adjusted EBITDA50%$56,000,000 (60% payout) $70,000,000 (100% payout) $87,500,000 (132% payout) March 2, 2023 Vests on the second and third anniversaries as earned N/A

Relative TSR PSUs

MetricWeightThresholdTargetMaximumGrant DateVesting DateShare Count/UnitsGrant Date Fair ValueAdditional Details
Relative TSR PSUsN/ATSR at the 25th percentile (50% payout) TSR at the 50th percentile (100% payout) TSR at the 90th percentile (200% payout) March 2, 2023 March 2, 2026 71,059 (target), 142,118 (max) $3,312,060 Based on total stockholder return relative to the S&P Software & Services Select Index

Adjusted EBITDA Margin PSUs

MetricWeightThresholdTargetMaximumGrant DateVesting ScheduleShare Count/UnitsGrant Date Fair ValueAdditional Details
Adjusted EBITDA Margin PSUsN/A80% of target (50% payout) 100% of target (100% payout) 120% of target (200% payout) March 2, 2023 Vest in two installments on the 2nd and 3rd anniversaries N/A$2,290,199 Calculated as Adjusted EBITDA as a percentage of Non-GAAP revenue; no units earned if below threshold