# EDGAR Filing Document

**Accession Number:** 0001115128
**File Stem:** 0001115128-23-000008
**Filing Date:** 2023-1
**Character Count:** 14754
**Document Hash:** a1084de31afe18ce60b6c850785ee09d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001115128-23-000008.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001115128-23-000008

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230118

**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**: 20230124

**DATE AS OF CHANGE**: 20230124

**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:** 23548405

**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-20230118

---

| | | |
|:---|:---|:---|
| **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>**January 18, 2023** | **Date of Report (date of earliest event reported)** <br>**January 18, 2023** | **Date of Report (date of earliest event reported)** <br>**January 18, 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)** |

---

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:**

---

| | | |
|:---|:---|:---|
| **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** |

---

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.**

On January 18, 2023, Scott Raskin agreed to step down as President of Quotient Technology Inc. (the "Company"), effective at the end of the first quarter of 2023. The Company does not presently intend to fill the role of President and will eliminate the role as part of the Company's continued business transformation.

Under Mr. Raskin's Change of Control Severance Agreement, as amended (the "Change of Control Agreement"), Mr. Raskin will be entitled to receive the separation benefits for termination without "Cause" during the "Retention Period" (as each term is defined in the Change of Control Agreement), subject to the terms and conditions of the Change of Control Agreement, including Mr. Raskin's timely execution of an effective separation agreement and release of claims against the Company.

The foregoing summary of Mr. Raskin's post-termination benefits is qualified in its entirety by the provisions of the Change of Control Agreement. The original agreement, the first amendment thereto and the second amendment thereto were filed with the Securities and Exchange Commission, respectively, on November 8, 2019 (as Exhibit 10.3 to Current Report on Form 10-Q), on May 5, 2022 (as Exhibit 10.3 to Current Report on Form 10-Q), and on August 9, 2022 (as Exhibit 10.9 to Current Report on Form 10-Q).

**Item 7.01. Regulation FD Disclosure.**

On January 24, 2023, the Company issued a press release disclosing the Company's appointment of a new chief revenue officer, as well as Mr. Raskin's departure. A copy of the press release is furnished as Exhibit 99.1 to this current report. The information set forth in the press release shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

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

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

<u>[99.1](quotientcontinuesbusinesst.htm)</u> <u>[Press Release, dated January 24, 2023.](quotientcontinuesbusinesst.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: January 24, 2023

## Exhibit 99.1

**Quotient Continues Business Transformation with the Appointment of Allison Metcalfe as Chief Revenue Officer**

*AdTech Sales Veteran Brings Track Record of Driving Top-Line Growth* 

*Scott Raskin to Step Down as President*

**SALT LAKE CITY – January 24, 2023 –** Quotient Technology Inc. (NYSE: QUOT) ("Quotient" or the "Company"), a leading digital promotions and media technology company, today announced the appointment of Allison Metcalfe as Chief Revenue Officer, effective immediately. In addition, Scott Raskin is stepping down as President and will remain in his role until March 31, 2023, to ensure a smooth transition.

"After a thoughtful search, we are thrilled to welcome Allison to our leadership team," said Matt Krepsik, CEO of Quotient. "Her proven record of success comprises global team management, sales development, overseeing significant revenue growth and implementing marketing solutions that are programmatic and audience focused. Her breadth of experience in AdTech and digital marketing will bring a fresh perspective to our leadership team that we will leverage as we continue to build out our network, data and technology in the months ahead."

"We have focused on our core products and strengths of the business, realigned our cost and capital structure and bolstered our management team. We look forward to sharing more about the continuing transformation underway at Quotient at our upcoming year-end earnings call."

Ms. Metcalfe is a seasoned executive with over 15 years of leadership experience in the advertising technology industry. She has an extensive history of developing customer and metric driven go-to-market strategies, scaling businesses, driving strong customer experiences, and building effective teams that hit revenue growth and margin objectives. She most recently served as Chief Revenue Officer of Demandbase, where she led a global team of 400 people across all go-to-market functions. Prior to Demandbase, Allison spent seven years at LiveRamp, most recently serving as SVP Go To Market Strategy, Partnerships and Productivity.

"I am excited to join Quotient, a dynamic company that I believe has the network, data and platform to be the provider of choice for digital promotions and media across the industry," said Ms. Metcalfe. "I look forward to working closely with Matt and the rest of the team to advance the important strategic and financial initiatives already underway."

Mr. Krepsik continued, "On behalf of the entire Quotient team, I want to thank Scott for his contributions and leadership. Having served as our Lead Independent Director prior to stepping into the role of President in 2019, Scott has been instrumental in transforming the business, including leading the integration of several acquisitions, bringing in new talent, enhancing our cost structure and evolving our go-to-market strategy to position us well for future growth. On a personal level, Scott has been a true partner, mentor and friend. We appreciate his continued support in the coming months and wish him all the best in his future endeavors."

Mr. Raskin said, "It has been incredibly rewarding to work with Quotient's talented team and to be a part of the exciting and transformative work underway over the past few years. I have the utmost confidence in Matt and the leadership team's ability to continue executing its strategic plan, and I firmly believe the best is yet to come."

The Company does not intend to fill the role of President at this time and will eliminate the role as part of the Company's continued business transformation.

**About Allison Metcalfe** 

Allison Metcalfe most recently served as Chief Revenue Officer at Demandbase since September 2020, where she was responsible for leading a global team of around 400 people in go-to-market functions including sales, sales development, sales engineering, enablement, SMEs, customer success,

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professional services, technical support and advertising campaign strategy and operations. Previously, she served in a number of roles at LiveRamp, including SVP of Strategy, Productivity and Partnerships, VP of Customer Success and GM of LiveRamp TV. During her tenure, the company grew from $30M in revenue to $500M and was acquired by Acxiom. Ms. Metcalfe also held customer success roles at Jigsaw (acquired by Salesforce) and Equilar. Ms. Metcalfe holds a BA in Journalism from the University of St. Thomas.

**About Quotient.**

Quotient partners with leading advertisers, publishers and retailers, including Clorox, Procter & Gamble, General Mills, Unilever, CVS, Dollar General and Peapod Digital Labs, a company of Ahold Delhaize USA. 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 www.quotient.com.

**Forward-Looking Statements** 

This press release contains forward-looking statements (including but not limited to Quotient's ability to become the provider of choice for digital promotions and media across the industry, as well as beliefs about Quotient's future prospects) within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ significantly from expectations due to various risks and uncertainties including the factors described in the Risk Factors section of Quotient's most recently filed Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on March 1, 2022, as amended on April 29, 2022, and as from time to time updated in Quotient's Quarterly Reports on Form 10-Q. These documents are available in the "SEC Filings" section of Quotient's Investor Relations website at https://investors.quotient.com. You are cautioned not to place undue reliance on Quotient's forward-looking statements, which speak only as of the date of this communication. Except as required by law, the Company undertakes no obligation to update any forward-looking statement to reflect events, new information or circumstances occurring after the date of this communication.

**Contacts** 

Investor Relations:

Drew Haroldson

The Blueshirt Group for Quotient

ir@quotient.com

<br>