# EDGAR Filing Document

**Accession Number:** 0001115128
**File Stem:** 0001115128-23-000011
**Filing Date:** 2023-2
**Character Count:** 26638
**Document Hash:** 40d59dc7acb863c11cda776808fb941a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001115128-23-000011.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001115128-23-000011

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230222

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Quotient Technology Inc.
- **CENTRAL INDEX KEY:** 0001115128
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ADVERTISING [7310]
- **IRS NUMBER:** 770485123
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36331
- **FILM NUMBER:** 23685607

**BUSINESS ADDRESS:**
- **STREET 1:** 1260 EAST STRINGHAM AVENUE
- **STREET 2:** SUITE 600
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84106
- **BUSINESS PHONE:** 650-605-4600

**MAIL ADDRESS:**
- **STREET 1:** 1260 EAST STRINGHAM AVENUE
- **STREET 2:** SUITE 600
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COUPONS.com Inc
- **DATE OF NAME CHANGE:** 20131023

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COUPONS INC
- **DATE OF NAME CHANGE:** 20050802

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COUPONS COM INC
- **DATE OF NAME CHANGE:** 20000522

?xml version="1.0" ? quot-20230222

---

| | | |
|:---|:---|:---|
| **UNITED STATES**<br>**SECURITIES AND EXCHANGE COMMISSION** | **UNITED STATES**<br>**SECURITIES AND EXCHANGE COMMISSION** | **UNITED STATES**<br>**SECURITIES AND EXCHANGE COMMISSION** |
| **Washington, D.C. 20549** | **Washington, D.C. 20549** | **Washington, D.C. 20549** |
|  | **FORM 8-K** |  |
| **CURRENT REPORT** | **CURRENT REPORT** | **CURRENT REPORT** |
| **Pursuant to Section 13 or 15(d) of<br>the Securities Exchange Act of 1934** | **Pursuant to Section 13 or 15(d) of<br>the Securities Exchange Act of 1934** | **Pursuant to Section 13 or 15(d) of<br>the Securities Exchange Act of 1934** |
| **Date of Report (date of earliest event reported)** <br>**February 22, 2023** | **Date of Report (date of earliest event reported)** <br>**February 22, 2023** | **Date of Report (date of earliest event reported)** <br>**February 22, 2023** |
| **Quotient Technology Inc.** | **Quotient Technology Inc.** | **Quotient Technology Inc.** |
| **(Exact name of Registrant as specified in its charter)** | **(Exact name of Registrant as specified in its charter)** | **(Exact name of Registrant as specified in its charter)** |
| **Delaware** | **001-36331** | **77-0485123** |
| **(State or other jurisdiction of<br>incorporation or organization)** | **(Commission File Number)** | **(I.R.S. Employer<br>Identification Number)** |
| **1260 East Stringham Avenue, Suite 600<br>Salt Lake City, Utah 84106** | **1260 East Stringham Avenue, Suite 600<br>Salt Lake City, Utah 84106** | **1260 East Stringham Avenue, Suite 600<br>Salt Lake City, Utah 84106** |
| **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Address of principal executive offices)** |
| **(650) 605-4600** | **(650) 605-4600** | **(650) 605-4600** |
| **(Registrant's telephone number, including area code)** | **(Registrant's telephone number, including area code)** | **(Registrant's telephone number, including area code)** |
| **Not Applicable** | **Not Applicable** | **Not Applicable** |
| **(Former name or former address, if changed since last report)** | **(Former name or former address, if changed since last report)** | **(Former name or former address, if changed since last report)** |

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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):

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Common Stock, $0.00001 par value per share** | **QUOT** | **New York Stock Exchange** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

*Election of Director*

The Board has determined that Mr. Wargotz is an independent director under the applicable requirements of the New York Stock Exchange and the Securities Exchange Act of 1934, as amended (the "Exchange Act"). In addition, the Board appointed Mr. Wargotz to the Audit Committee, the Nominating and Corporate Governance Committee and the Strategic Committee. The Cooperation Agreement was filed as Exhibit 10.1 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (the "SEC") on May 18, 2022 and which exhibit is incorporated by reference herein.

Mr. Wargotz is a private investor, presently involved with various start-up ventures. From July 2011 to June 2017, he was the Chairman of Axcess Ventures, an affiliate of Axcess Worldwide, a brand experience marketing development agency, which he co-founded in 2001. From August 2010 to June 2011, Mr. Wargotz served as the Chief Financial Officer of The Milestone Aviation Group, LLC, a global aviation leasing company. From August 2009 to July 2010, Mr. Wargotz served as the Co-Chairman of Axcess Luxury and Lifestyle. From December 2006 to August 2009, Mr. Wargotz served as the Chief Financial Advisor of NetJets, Inc. ("NetJets"), a leading provider of private aviation services, and from June 2004 to November 2006, he served as Vice President of NetJets. From January 1998 to December 1999, Mr. Wargotz served in various leadership positions with Cendant Corporation, including President and Chief Executive Officer of its Lifestyle Division, Executive Vice President and Chief Financial Officer of its Alliance Marketing Segment, and Senior Vice President, Business Development. Prior to 1998, Mr. Wargotz served in various finance and accounting positions at HFS Incorporated, PaineWebber & Co, American Express and Price Waterhouse. Mr. Wargotz currently serves as a member of the board of directors of Travel + Leisure Co. (NYSE: TNL), the world's leading membership and leisure travel company, with nearly 20 travel brands across its resort, travel club and lifestyle portfolio. Mr. Wargotz previously served as a director of Resources Connection, Inc. from May 2009 to October 2021 and served as a director of CST Brands, Inc. from May 2013 to June 2017.

Mr. Wargotz brings to the Board substantial leadership, business development, branding and governance experience, as well as significant finance-related skills and expertise including audit oversight, financial reporting and compliance gained from over 30 years of relevant experience. Mr. Wargotz holds a B.A. degree in Accounting from Rutgers University and an M.B.A. from New York University.

In connection with his service as a director and consistent with the Company's director compensation policy (the "Director Compensation Policy") in effect on the date of his appointment, Mr. Wargotz will receive the Company's standard non-employee director cash and equity compensation, including an initial award of restricted stock units with the number of restricted stock units equal to $250,000 divided by the closing price of the Company's stock on the fifth trading day of the month immediately following the month in which Mr. Wargotz became a director. Starting on the date of the Company's 2023 annual meeting of stockholders and subject to his continued service on the date of grant, Mr. Wargotz will also receive an annual equity award consistent with the terms of the Director Compensation Policy, as then in effect. Mr. Wargotz will receive an annual cash retainer of $37,500 for his service as a director, $10,000 for his membership on the Company's Audit Committee, $10,000 for his membership on the Company's Strategic Committee, and $3,500 for his membership on the Company's Nominating and Corporate Governance Committee, each retainer to be paid in quarterly installments for the immediately preceding fiscal quarter and pro-rated for the first fiscal quarter during which he serves as a director based on the number of days served after the effective date of his appointment.

In connection with his appointment, Mr. Wargotz and the Company will enter into the Company's standard form of director indemnity agreement (the "Indemnity Agreement"). In addition to the indemnification required in the Company's amended and restated certificate of incorporation and amended and restated bylaws, the Indemnity Agreement generally provides for the indemnification of Mr. Wargotz for all reasonable expenses and liabilities incurred in connection with any action or proceeding brought against him by reason of the fact that he is or was serving as a director of the Company, to the extent indemnifiable under the law. The foregoing description is qualified in its entirety by the full text of the form of Indemnity Agreement, which was filed as Exhibit 10.1 to the Company's Registration Statement on Form S-1 filed with the SEC on February 14, 2014 and which exhibit is incorporated by reference herein.

There are no arrangements or understandings between Mr. Wargotz and any other persons pursuant to which Mr. Wargotz was elected as a director. In addition, Mr. Wargotz has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Section 404(a) of Regulation S-K.

*Appointment of Chief Operating Officer*

On February 22, 2023, the Board appointed its Chief Financial Officer, Principal Accounting Officer and Treasurer Yuneeb Khan to the newly-created role of Chief Operating Officer ("COO)" of the Company, effective immediately. Mr. Khan will remain the Company's Chief Financial Officer, Principal Accounting Officer and Treasurer in tandem with assuming Chief Operating Officer duties.

Prior to joining the Company as its CFO in July 2022, Mr. Khan served as President of the Global Consumer Insights business of NielsenIQ, a world-renowned marketing and consumer intelligence enterprise that provides critical research, data and strategic insights about consumer behavior in more than 80 countries. Mr. Khan joined Nielsen in January of 2010 and, during his 12-year tenure with the company, has served in several high impact roles and driven high profile strategic projects. Immediately prior to his last role with Nielsen, he served as President of the Global Customized Intelligence business of NielsenIQ from 2020 to 2021. Prior to that, Mr. Khan served as the Chief Financial Officer of Nielsen Global Connect (now NielsenIQ) with revenues of over $3 billion, over 30,000 employees, and operations in 100+ countries, from 2019 to 2020. While in this role, the business returned to growth and he played a pivotal role in the strategic review process that resulted in the creation of NielsenIQ, an independent privately held company. Mr. Khan was instrumental in driving significant operational efficiencies as the Chief Financial Officer of Nielsen's Global Technology and Operations (2014 to 2019) and significantly strengthened the global finance processes by establishing a process driven regional operating model. In 2020, Mr. Khan was awarded the prestigious Arthur C. Nielsen award as recognition for the significant contributions he has made to the Nielsen business.

Prior to joining Nielsen, from December 1995 to January 2010, Mr. Khan held several financial partnership, regulatory and advisory roles around the globe with large blue-chip companies, including General Electric, United Technologies, Kinnevik, Bristol Myers Squibb, and PricewaterhouseCoopers. He is a chartered accountant from the Institute of Chartered Accountants of Pakistan (1999) and a graduate of the Advanced Management Program (2021) of Harvard Business School.

In connection with his appointment, the maximum percentage of Mr. Khan's base salary as to which he is eligible for an annual cash bonus payment increased from 75% to 85%. There were no other adjustments to Mr. Khan's current compensation in connection with his appointment.

There are no arrangements or understandings between Mr. Khan and any other persons pursuant to which Mr. Khan was appointed as Chief Operating Officer of the Company. There are no family relationships between Mr. Khan and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction or proposed transaction required to be reported under to Item 404(a) of Regulation S-K.

**Item 7.01. Regulation FD Disclosure.**

On February 28, 2023, the Company issued a press release announcing the appointment of Mr. Wargotz to the Board. A copy of the press release is furnished as Exhibit 99.1 to this current report.

Also on February 28, 2023, the Company issued a press release announcing, among other items, the appointment of Mr. Khan to the office of COO. A copy of the press release is furnished as Exhibit 99.2 to this current report.

&nbsp;&nbsp;&nbsp;&nbsp;

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The information in this item and in the press releases attached hereto as Exhibit 99.1 and Exhibit 99.2 shall not be deemed "filed" for purposes of the Exchange Act and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing. The furnishing of the information in Item 7.01 of this report and the press releases is not intended to, and does not, constitute a determination or admission by the Company that such information is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company.

**Item 9.01. Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

<u>[99.1](ex991quotwargotzboardappoi.htm)</u> <u>[Press Release announcing appointment of Michael Wargotz to the Company's Board of Directors](ex991quotwargotzboardappoi.htm)</u>

<u>[99.](ex992quotcoochiefretailoff.htm)[2](ex992quotcoochiefretailoff.htm)</u> <u>[Press Release announcing appointment of](ex992quotcoochiefretailoff.htm)[Yuneeb Khan as COO](ex992quotcoochiefretailoff.htm)</u>

104 Cover Page Interactive Data File (formatted as Inline XBRL)

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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.

**Quotient Technology Inc.** 

By: <u>/s/ Connie Chen</u>

Connie Chen

General Counsel, Compliance Officer and Secretary

Date: February 28, 2023

## Exhibit 99.1

**Quotient Appoints Michael Wargotz to Board of Directors**

**SALT LAKE CITY - February 28, 2023 -** Quotient Technology Inc. (NYSE: QUOT) ("Quotient" or the "Company"), a leading digital promotions and media technology company, today announced that it has appointed Michael Wargotz to the Company's Board of Directors, effective immediately. Mr. Wargotz will serve as a Class II director, which class has a one-year term expiring as of the Company's 2023 Annual Meeting of Stockholders.

Mr. Wargotz is an experienced public company Board member, with more than 30 years of leadership and business development experience, as well as significant finance and investor relations expertise, including audit oversight, financial reporting, and compliance. He is currently a private investor, involved in various start-up ventures and previously served as Co-Founder and partner of Axcess Worldwide, a brand experience marketing development agency.

"We are excited to welcome Michael to our Board of Directors," said Robert McDonald, Chair of Quotient. "Michael brings decades of leadership and Board experience, as well as finance, IR, branding, and governance expertise. We believe his track record of growing companies through business development and investment will be valuable as we look to scale our company and deliver greater value to our partners and shareholders."

Mr. Wargotz said, "I am eager to work alongside the Quotient Board and management team to capitalize on the unique opportunity they have in the evolving digital promotions and media industry. I look forward to helping drive forward its strategic and financial objectives to create value for Quotient shareholders."

**About Michael H. Wargotz**

Mr. Wargotz currently serves on the Board of Travel + Leisure Co., the world's leading membership and leisure travel company. From 2011 to 2017, Mr. Wargotz served as Chairman of Axcess Ventures, an affiliate of Axcess Worldwide, a brand experience marketing development agency. From 2010 to 2011, he co-founded and served as Chief Financial Officer of The Milestone Aviation Group, a global aviation leasing company, from 2010 to 2011. Mr. Wargotz served as the Co-Chairman of Axcess Luxury and Lifestyle from August 2009 to July 2010. From 2006 to 2009, he served as the Chief Financial Advisor of NetJets, Inc., a leading provider of private aviation services from 2006 to 2009 and Vice President of NetJets from 2004 to 2006. Mr. Wargotz co-founded and was a partner in Axcess Worldwide from 2001 to 2004. From January 1998 to December 1999, Mr. Wargotz served in various leadership positions at Cendant Corporation, including President and Chief Executive Officer of its Lifestyle Division, Executive Vice President and Chief Financial Officer of its Alliance Marketing Segment, and Senior Vice President, Business Development. Prior to 1998, Mr. Wargotz served in various finance and accounting positions at HFS Incorporated, PaineWebber & Co, America Express and Price Waterhouse. Mr. Wargotz received a B.A. in Accounting from Rutgers University and an M.B.A. from New York University.

**About Quotient**

Quotient partners with leading advertisers, publishers and retailers, including Clorox, Procter & Gamble, Unilever, CVS, Dollar General, Ahold Delhaize USA, Amazon and Microsoft. Quotient is headquartered in

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Salt Lake City, Utah, and has offices across the US as well as in Bangalore, Paris, London and Tel Aviv. For more information visit <u>www.quotient.com</u>.

Quotient and the Quotient logo are trademarks or registered trademarks of Quotient Technology Inc. and its subsidiaries in the United States and other countries. Other marks are the property of their respective owners.

**Contacts**

Investor Relations:<br>Drew Haroldson<br>The Blueshirt Group for Quotient<br><u>ir@quotient.com</u>

## Exhibit 99.2

**Quotient Appoints Jeff Williams as Chief Retail Officer and Yuneeb Khan as Chief Operating Officer**

*Williams, a 20+ Year Retail, CPG and ECommerce Industries Veteran Brings Array of Retailer Relationships and Track Record of Client Success* 

*Khan Will Maintain His Current Responsibilities as Chief Financial Officer and Oversee the Company's Information Technology and Operations Teams*

**SALT LAKE CITY—February 28, 2023 --** Quotient Technology Inc. (NYSE: QUOT) ("Quotient" or the "Company"), a leading digital promotions and media technology company, today announced that Jeff Williams has been appointed to the role of Chief Retail Officer effective March 6, 2023.

"We are thrilled to welcome Jeff to our leadership team," said Quotient Chief Executive Officer, Matt Krepsik. "He has extensive retail and AdTech experience and an impressive track record of developing go-to-market strategies, acquiring new clients, and managing key business relationships to help scale organizations. We believe his expertise will help us strengthen our current retailer relationships and build out our retailer network, as we look to expand the national scale and reach of retailers and their shoppers."

Mr. Williams has over 20 years of leadership experience in retail, consumer packaged goods (CPG), and eCommerce with expertise in developing go-to-market strategies, opening new retail channels, growing strategic relationships with retailers, and driving client success. Mr. Williams previously served as Chief Commercial Officer at Replenium, an auto-replenishment platform for retailers and brands that dynamically automates routine purchases for shoppers and integrates within eCommerce systems. He also previously served as Senior Vice President of U.S. Retail and Industry Relations at NielsenIQ from 2015 to 2020.

"I believe Quotient has tremendous potential in the digital media market with its high value products, unique platform and network of customers and partners," said Mr. Williams. "I have been impressed by the work underway by Matt and the leadership team to evolve the business, and believe Quotient is well positioned to provide the retail media platform of choice for digital promotions and media across the industry. I look forward to working closely with the team to continue building out Quotient's retailer network and providing valuable products to its retailers and CPGs."

In addition, Quotient announced the appointment of Yuneeb Khan, Chief Financial Officer, to the additional role of Chief Operating Officer effective immediately. Mr. Khan will maintain his current responsibilities in his new position, as well as oversee the Company's information technology and operations teams.

"Since joining Quotient as our CFO last year, Yuneeb has played an important role in guiding our business transformation, and we are grateful to have a talented finance and AdTech executive of his caliber on the team," Mr. Krepsik continued. "As we continue to simplify and focus our business structure, he was a natural choice to assume the role of COO to help the Company advance its strategy."

Mr. Khan said, "We are making tangible progress to drive efficiencies across the organization and better align the Company as a consumer promotions network and retail media technology platform. I look forward to continuing to work with the Quotient team to advance our important operational and financial initiatives underway that are designed to benefit all our stakeholders."

Mr. Khan has served as Chief Financial Officer at Quotient since July 2022. He has over 25 years of Global Finance and Business leadership experience with globally recognized companies including Nielsen, General Electrics, and PricewaterhouseCoopers. Previously, he served as the Global President of NielsenIQ's Consumer Insights business and Chief Financial Officer of Nielsen Global Connect (NielsenIQ) and Nielsen Global Operations and Technology. He has built and led global teams, driven global transformation, and participated in several large M&A transactions including the $11.6 billion sale of GE's Plastics division to SABIC and the $2.7 billion Sale of Nielsen Connect to Advent International.

**Fourth Quarter 2022 Financial Results**

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In a separate release today, Quotient reported financial results for the fourth quarter. Management will host a webcast conference call to discuss the results today at 5:00 p.m. EDT/ 2:00 p.m. PDT.

**About Jeff Williams**

Starting in 2020, Mr. Williams previously served as Chief Commercial Officer at Replenium, a transformational auto-replenishment platform designed for integration into eCommerce systems of retailers or brands. In this role, he was responsible for overseeing the commercial and marketing strategy, along with the retail, manufacturing, and eCommerce platform partnerships. Mr. Williams also currently serves as CEO and Principal of Fair Warning Consulting, LLC, a strategic growth advisory services for retail, CPG, eCommerce, and technology or service provider companies. He has over 20 years of leadership experience in retail, CPG, and eCommerce industries with expertise in go-to-market framework development, strategic consultation, new business acquisition and development, P&L management, attracting high performing talent, and organizational design. Mr. Williams served in various roles of increasing responsibility at NielsenIQ, including most recently as Senior Vice President of U.S. Retail and Industry Relations from 2015 to 2020. He was responsible for overseeing all strategic go-to-market client activities, relationship development with Amazon Global, commercial growth for Nielsen U.S., and market measurement expansion for new market and channel investments. He received a B.S. in Economics from the State University of New York.

**About Quotient**

Quotient partners with leading advertisers, publishers and retailers, including Clorox, Procter & Gamble, Unilever, CVS, Dollar General, Ahold Delhaize USA, Amazon and Microsoft. Quotient is headquartered in Salt Lake City, Utah, and has offices across the US as well as in Bangalore, Paris, London and Tel Aviv. For more information visit <u>www.quotient.com</u>.

Quotient and the Quotient logo are trademarks or registered trademarks of Quotient Technology Inc. and its subsidiaries in the United States and other countries. Other marks are the property of their respective owners.

**Contacts**

Investor Relations:<br>Drew Haroldson<br>The Blueshirt Group for Quotient<br><u>ir@quotient.com</u>

<br>