8-K

UNITED STATES

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 (Date of earliest event reported): June 3, 2013

Qlik Technologies Inc.

(Exact name of Registrant as specified in its charter)

Delaware	001-34803	20-1643718
(State or other Jurisdiction of Incorporation)	(Commission File No.)	(IRS Employer Identification No.)

150 N. Radnor Chester Road
Suite E220
Radnor, Pennsylvania	19087
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (888) 828-9768

Not Applicable

(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:

¨ 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))

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

(b) On June 3, 2013, Qlik Technologies Inc. (“QlikTech”) announced that Paul Farmer will be leaving as Chief People Officer of QlikTech effective June 15, 2013. Pursuant to the Separation Agreement and General Release between Mr. Farmer and the Company, he will receive the following severance benefits following his departure: (i) cash payments of his monthly base salary for 6 months (the “Continuation Period”); (ii) an amount equal to his annual target bonus, pro-rated based on the number of days worked during the 2013 fiscal year to the extent that his individual and QlikTech’s performance goals are deemed by the Board of Directors of QlikTech (the “Board”) to have been met for the applicable period; and (iii) payment of his monthly COBRA premiums until the earliest of (a) the close of the Continuation Period, (b) the expiration of his continuation coverage under COBRA and (c) the date when Mr. Farmer is offered substantially equivalent health insurance coverage in connection with new employment or self-employment. A copy of Mr. Farmer’s Separation Agreement and General Release will be filed as an exhibit to QlikTech’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2013, which will be filed with the SEC in the third quarter of 2013. The foregoing description of Mr. Farmer’s Separation Agreement and General Release is qualified in its entirety by reference to the full text of such exhibit.

(c) On June 3, 2013, QlikTech announced that Tim MacCarrick, 47, will join QlikTech as Chief Financial Officer and Treasurer, effective July 1, 2013. Under his offer letter, Mr. MacCarrick will be paid a base salary of $375,000 annually, subject to adjustment pursuant to QlikTech’s employee compensation policies in effect from time to time. Additionally, Mr. MacCarrick will be eligible for an annual target bonus equal to $262,500 which will be prorated in 2013. Mr. MacCarrick will also be eligible to participate in any executive long-term executive program approved by the Board or its Compensation Committee.

Pursuant to Mr. MacCarrick’s offer letter, he will be granted a non-qualified stock option to purchase 250,000 shares of QlikTech’s Common Stock at an exercise price determined by the Board or its Compensation Committee on the date of grant. The option will become exercisable with respect to 25% of the shares after 12 months of continuous service with QlikTech, with the balance becoming exercisable in equal quarterly installments over the next 3 years of continuous service thereafter. Mr. MacCarrick will vest 100% in his shares if, during his service with QlikTech, QlikTech is subject to a change of control and Mr. MacCarrick’s service with QlikTech is terminated without cause within 12 months of a change in control.

If QlikTech terminates Mr. MacCarrick’s employment for any reason other than cause, Mr. MacCarrick will receive the following severance benefits following termination: (a) his base salary for 6 months (the “Continuation Period”), payable in accordance with QlikTech’s standard payroll procedures, (b) his prorated bonus amount (to the extent that applicable individual and company performance goals are deemed by the Board to have been met during the applicable bonus period) based on the number of days that he was employed during the year in which the termination occurs and (c) payment of his monthly COBRA health insurance premiums until the earliest of (i) the close of the Continuation Period, (ii) the expiration of his continuation coverage under COBRA and (iii) the date when he is offered substantially equivalent health insurance coverage in connection with new employment or self-employment. All such severance benefits are subject to, among other conditions, Mr. MacCarrick executing a general release of all claims in favor of QlikTech.

Mr. MacCarrick will be replacing William G. Sorenson as the Chief Financial Officer of QlikTech, who previously announced his plans to resign as QlikTech’s Chief Financial Officer effective upon completion of the transition of his duties and responsibilities to his successor as Chief Financial Officer. Mr. Sorenson will continue to be employed by QlikTech during this transition period to assist in the Chief Financial Officer transition.

Prior to joining QlikTech, Mr. MacCarrick served as Chief Operating Officer (COO) at De Lage Landen (DLL) from June, 2010 until June, 2013, where he was responsible for operations, product and service delivery and local in-country sales for DLL Global Vendor Finance. Prior to DLL, from July, 2008 until May, 2010, Mr. MacCarrick was Corporate Vice President and Chief Financial Officer (CFO) for Crane Co. responsible for financial, accounting, internal control, audit, compliance, treasury, tax, investor relations, customer administration, mergers and acquisitions due diligence, and environmental health and safety activities. Prior to Crane, Mr. MacCarrick was employed by Xerox from 1988 until June, 2008, where he most recently served as the Corporate Vice President and Vice President, Finance for Xerox, North America and held a number of financial management positions, including Chief Financial Officer for Xerox Europe. Mr. MacCarrick holds an M.B.A. in Finance and a B.S. in Accounting from Clarkson University.

A copy of Mr. MacCarrick’s offer letter will be filed as an exhibit to QlikTech’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2013, which will be filed with the SEC in the third quarter of 2013. The foregoing description of MacCarrick’s offer letter is qualified in its entirety by reference to the full text of such exhibit. Mr. MacCarrick and QlikTech will also enter into an indemnification agreement requiring QlikTech to indemnify him to the fullest extent permitted under Delaware law with respect to his service as an officer of QlikTech. The indemnification agreement will be in substantially the form entered into with QlikTech’s other executive officers. This form of indemnification agreement will be filed as an exhibit to QlikTech’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2013, which will be filed with the SEC in the third quarter of 2013.

Item 8.01. Other Events.

On June 3, 2013, QlikTech announced the appointment of Diane Adams to the role of Chief People Officer of QlikTech effective June 10, 2013.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press release of Qlik Technologies Inc. dated June 3, 2013

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

QLIK TECHNOLOGIES INC.
By:	/s/ Deborah C. Lofton
Name:	Deborah C. Lofton
Title:	Vice President, General Counsel & Secretary

Dated: June 3, 2013

EX-99.1

Exhibit 99.1

Contact:	Maria Scurry	Brett Pollack
	Global Communications	Investor Relations
	maria.scurry@qliktech.com	brett.pollack@qliktech.com
	781-366-7617	646-561-0906

QlikTech Strengthens Executive Leadership Team to Support

Significant Growth Opportunity

Seasoned Chief Financial Officer and Chief People Officer bring backgrounds built on

leading in dynamic markets and scaling operations

Radnor, PA – June 3, 2013 – QlikTech (NASDAQ: QLIK), a leader in Business Discovery – user-driven Business Intelligence (BI), today announced that Tim MacCarrick will become its Chief Financial Officer (CFO) effective July 1, 2013, and that Diane Adams will join the Company as its Chief People Officer (CPO), effective June 10, 2013. Each brings more than 20 years of experience leading their disciplines and scaling operations during times of significant growth.

MacCarrick’s background includes both chief financial officer and chief operating officer positions at Fortune 1000 companies, including Crane Co. (NYSE:CR), where he was corporate vice president and CFO, and Xerox (NYSE:XRX), where he served in a variety of financial executive positions over a 20-year period, including corporate vice president and vice president finance, Xerox North America; and CFO, Xerox Europe. He most recently served as chief operating officer, global vendor finance for De Lage Landen International B.V., a global financing business with a portfolio of over $30 billion across 35 countries. Bill Sorenson, QlikTech’s current CFO, who in February, 2013 announced his plan to exit the Company, will work with MacCarrick to ensure a smooth transition.

Adams brings extensive experience in organizational and leadership development, change management and strategic staffing for high growth companies, including Cisco Systems (NASDAQ:CSCO), where she served in a variety of human resources leadership positions over a 14-year span during which the company grew from $2.2 billion in revenue and approximately 4,000 employees to $36 billion in revenue and more than 65,000 employees. In her final three years she served in a dual position as vice president, human resources, international and vice president, human resources, worldwide sales, leading the human resources function for 35,000 employees in 152 countries. Adams joins QlikTech most recently from AllScripts (NASDAQ:MDRX), where she served as executive vice president, culture and talent, during a three-year period in which the company grew from $548 million in revenue and 2,400 employees to $1.4 billion in revenue and over 7,000 employees, and executed the acquisitions of Misys and Eclipsys.

“We are extremely pleased to strengthen our executive team with the experience Tim and Diane bring as we scale QlikTech at the pace required to continue to transform the business intelligence market,” said Lars Björk, QlikTech’s chief executive officer. “Having taken other notable companies through periods of strong growth and market transformations, Tim and Diane have gained the

QlikView | Press Release

strategic financial and human capital knowledge necessary to help QlikTech achieve our goals in terms of revenue growth, operational scale, customer focus, leadership development and employee satisfaction.”

QlikTech also announced that Paul Farmer, who has served as its Chief People Officer since September 2011, will exit the Company after working to transition his role to Adams.

“Paul joined QlikTech at a time when our human resources function was in need of centralization and best practices to effectively support our accelerating growth,” commented Björk. “We thank Paul for leading these initiatives to support the expansion of our employee base by 50% during his tenure to nearly 1,500 employees today,” he added.

About QlikTech

QlikTech (NASDAQ: QLIK) is a leader in Business Discovery—user-driven Business Intelligence (BI). Its QlikView Business Discovery solution bridges the gap between traditional BI solutions and inadequate spreadsheet applications. The in-memory associative search technology QlikTech pioneered created the self-service BI category, allowing users to explore information freely rather than being confined to a predefined path of questions. Appropriate from SMB to the largest global enterprise, QlikView’s self-service analysis can be deployed with data governance in days or weeks. The QlikView Business Discovery platform’s app-driven model works with existing BI solutions, offering an immersive mobile and social, collaborative experience. Headquartered in Radnor, Pennsylvania, QlikTech has offices around the world serving approximately 28,000 customers in over 100 countries.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, statements regarding the value and effectiveness of QlikTech’s products, the introduction of product enhancements or additional products and QlikTech’s growth, expansion and market leadership, that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause QlikTech’s results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words “predicts,” “plan,” “expects,” “anticipates,” “believes,” “goal,” “target,” “estimate,” “potential,” “may”, “will,” “might,” “momentum,” “could,” “seek,” and similar words. QlikTech intends all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. The forward-looking statements included in this press release represent QlikTech’s views as of the date of this press release. QlikTech anticipates that subsequent events and developments will cause its views to change. QlikTech undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing QlikTech’s views as of any date subsequent to the date of this press release.

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QlikView | Press Release

Qlik™, QlikView™, QlikTech™, and the QlikTech logo are trademarks of QlikTech International AB which have been registered in multiple countries. Other marks and logos mentioned are the trademarks of their respective owners.