secwatch.observer — SEC 8-K summary
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Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000950170-23-036162
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigCommerce appoints Steven Chung as President to lead enterprise push
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- Steven Chung named President effective Aug 14, 2023; will lead sales, marketing, and services.
- Chung previously President at Delphix and SVP Worldwide Sales at Demandware (acquired by Salesforce).
- Base salary of $460,000, target bonus 80%, option for 175,263 shares plus 272,632 RSUs.
- Chung's equity vests over 4 years (stock option over 4 years, RSUs annually over 4 years).
- CEO Brent Bellm cites Chung's enterprise ecommerce playbook experience at Demandware.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000095017023036162/0000950170-23-036162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000095017023036162/bigc-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-036162

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