secwatch.observer — SEC 8-K summary
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Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0000950170-23-023918
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000095017023023918/0000950170-23-023918-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000095017023023918/bigc-20230518.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-023918

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer