Douglas M. Hultquist, the CEO of QCR Holdings, has made a mark in the banking industry since co-founding the company in 1993. With a Bachelor’s degree in Business and a background as a certified public accountant, he has extensive experience...

Number of Employees

1.03K

Year

2019

Total Compensation

$559.44K

Salary

$300.00K

Board Justification

QCR Holdings is committed to paying for performance, with a significant portion of compensation tied to performance-based components.

Bonus

$187.50K

Board Justification

Annual cash incentive bonus based on performance relative to goals for net income and other financial performance measures, with a maximum opportunity of 150% of base salary.

Other

$71.94K

Board Justification

Includes contributions to the 401(k) Plan, reimbursement for tax preparation services, car allowance, and life insurance benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No long-term stock incentive awards were granted for performance in 2019 as Mr. Hultquist transitioned to Co-Founder in May 2019.

Performance Metrics

Performance metrics included net income and other financial performance measures.

SEC Filing

From April 8, 2020