On May 2, 2023, the Board of Directors of Second Quarter Holdings, Inc. appointed Kirk L. Coleman, previously Q2's Chief Banking Officer, as President, effective May 3, 2023. Mr. Coleman will continue to report to Matthew P. Flake, Q2's Chief Executive Officer. In connection with the appointment of Mr. Coleman, Mr. Flake resigned from his role as President, effective as of May 3, 2023.

Mr. Flake will continue to serve as Q2's Chief Executive Officer. Prior to his appointment as President, Mr. Coleman, age 51, served as Q2's Chief Banking Officer since December 2021. Prior to that, Mr. Coleman served as Founder and an Advisor for Centerline Advisors, a provider of strategic advisory services to mid-sized financial institutions and companies from July 2020 to November 2021.

From May 2015 to June 2020, Mr. Coleman served as Executive Vice President for Texas Capital Bank, a financial institution. From July 1993 until November 2014, Mr. Coleman served in various roles of increasing responsibility for Accenture, a consulting firm, most recently as Partner and Managing Director. Mr. Coleman holds a B.A. in economics from Baylor University.