BigCommerce: CFO Alvarez retiring, Lentz named successor; also new CAO and GC

Commerce.com, Inc.

CFO Robert Alvarez retiring effective June 30; Daniel Lentz succeeds as CFO on July 1.
Hubert Ban appointed Chief Accounting Officer effective June 8, replacing Thomas Aylor.
Chuck Cassidy promoted to General Counsel effective June 2, replacing retiring Jeff Mengoli.
Lentz receives $375k base salary, 55% target bonus, and equity grants (options + RSUs).
Company reaffirms trajectory toward positive adjusted EBITDA in Q4 2023.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Daniel Lentz

Chief Financial Officer

CMRC · Commerce.com, Inc.

Effective: 2023-06-30
Filed: May 24, 2023, 7:59 PM ET

On May 18, 2023, Daniel Lentz, age 45, was appointed to succeed Mr. Alvarez as the Company’s Chief Financial Officer and principal financial officer effective as of Mr. Alvarez’s departure.

Appointed

Hubert Ban

Chief Accounting Officer

CMRC · Commerce.com, Inc.

Effective: 2023-06-08
Filed: May 24, 2023, 7:59 PM ET

On May 8, 2023, the Company, appointed Hubert Ban, age 58, as its Chief Accounting Officer and principal accounting officer, effective June 8, 2023.

Departed

Robert Alvarez

Chief Financial Officer

CMRC · Commerce.com, Inc.

Effective: 2023-06-30
Successor: Daniel Lentz
Filed: May 24, 2023, 7:59 PM ET

On May 18, 2023, Robert Alvarez, the Chief Financial Officer of BigCommerce Holdings, Inc. (the “Company”), principal financial officer and interim principal accounting officer, informed the Company that he will be stepping down from his position as Chief Financial Officer and principal financial officer effective as of June 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Lentz was appointed as Chief Financial Officer at Commerce.com, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On May 18, 2023, Daniel Lentz, age 45, was appointed to succeed Mr. Alvarez as the Company’s Chief Financial Officer and principal financial officer effective as of Mr. Alvarez’s departure.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Hubert Ban was appointed as Chief Accounting Officer at Commerce.com, Inc..

Action: appointed
Role: Chief Accounting Officer

Exact text from the filing

On May 8, 2023, the Company, appointed Hubert Ban, age 58, as its Chief Accounting Officer and principal accounting officer, effective June 8, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Alvarez departed as Chief Financial Officer at Commerce.com, Inc..

Action: stepping down
Role: Chief Financial Officer

Exact text from the filing

On May 18, 2023, Robert Alvarez, the Chief Financial Officer of BigCommerce Holdings, Inc. (the “Company”), principal financial officer and interim principal accounting officer, informed the Company that he will be stepping down from his position as Chief Financial Officer and principal financial officer effective as of June 30, 2023.

View on SEC.gov

Commerce.com, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-023918

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