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

On September 21, 2012, on the recommendation of its Nomination and Governance Committee, the board of directors (the "Board") of QCR Holdings, Inc. (the "Company") increased the number of directors constituting the full Board from twelve to thirteen, and appointed Lindsay Y. Corby as a Class I director to fill the resultant vacancy. The Board determined Ms. Corby qualifies as an independent director under the NASDAQ listing standards. Ms. Corby was also appointed to serve on the Company's Risk Oversight Committee and the Strategic Direction Committee. As with other Class I directors, Ms. Corby's term will expire at the 2015 annual meeting of stockholders.

Lindsay Y. Corby is a Principal at BXM Holdings, Inc., based in Chicago, Illinois, a financial services company formed to facilitate recapitalization transactions in depository institutions. Ms. Corby joined BXM Holdings, Inc. in February 2011.

Prior to joining BXM Holdings, Ms. Corby was a Vice President in the investment banking group for Keefe, Bruyette & Woods, holding various positions since 2001. During her years at KBW, she focused on mergers and acquisitions advisory, capital markets transactions, complex recapitalizations and valuation activities for U.S. financial institutions. In addition, she implemented training programs for analysts and associates and was actively involved in recruitment. Prior to joining KBW, Ms. Corby's working career included positions at Merrill Lynch, Chicago, Hunt Private Equity Group, Dallas, TX and Arthur Anderson, L.L.P., Dallas, TX.

Ms. Corby graduated Cum Laude from Southern Methodist University, with double majors in Accounting and Spanish. She also holds a Masters of Science degree in Accounting, with a Finance Concentration, from Southern Methodist University. Ms. Corby is a graduate of the Kellogg Executive Education, Women's Senior Leadership Program, and is a Registered Certified Public Accountant.

Ms. Corby will be entitled to receive compensation for her service as a director consistent with the compensation paid to non-employee directors of the Company, as described in the Company's Proxy Statement for the Annual Meeting of Stockholders held on May 2, 2012.

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