SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report January 27, 2005
(Date of earliest event reported) January 27, 2005
QCR Holdings, Inc.
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(Exact name of Registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-22208 42-1397595
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(Commission File Number) (I.R.S. Employer Identification Number)
3551 Seventh Street, Suite 204, Moline, Illinois 61265
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(Address of principal executive offices) (Zip Code)
(309) 736-3580
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):
__ Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
__ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
__ Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
__ Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement
Director Compensation
On January 27, 2005, the Company's board of directors approved the following
compensation for serving on the board of the Company and its subsidiaries in
2005:
Company Directors
Quarterly Retainer $2,500
Additional Quarterly Retainer - Audit Committee Chairman $1,500
- Executive Committee Chairman $1,500
- Compensation Committee Chairman $ 250
- Technology Committee Chairman $ 250
Attendance at Board Meeting $ 200
Attendance at Audit Committee Meetings $ 400
Attendance at all other Committee Meetings $ 300
Quad City Bank & Trust Directors
Quarterly Retainer $1,600
Additional Quarterly Retainer - Loan Committee Chairman $ 500
- Trust Committee Chairman $ 250
- ALM Committee Chairman $ 250
- Board Affairs Committee Chairman $ 250
Attendance at Board Meeting $ 100
Attendance at Committee Meetings $ 250
Cedar Rapids Bank & Trust Directors
Quarterly Retainer $1,600
Additional Quarterly Retainer - Loan Committee Chairman $ 500
- Trust Committee Chairman $ 250
- ALM Committee Chairman $ 250
Attendance at Board Meeting $ 100
Attendance at Committee Meetings $ 250
Rockford Bank & Trust Directors
Attendance at board meeting $ 500
Quarterly Retainer - Loan Committee Chairman $ 500
- Trust Committee Chairman $ 250
- ALM Committee Chairman $ 250
Attendance at Committee Meetings $ 250
There are no fees payable to directors who are also employees of either the
Company or one of its subsidiaries.
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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.
QCR HOLDINGS, INC.
Dated: January 27, 2005 By: /s/ Douglas M. Hultquist
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Douglas M. Hultquist
President
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