BigCommerce pre-announces Q4 results above guidance; President Chung steps down

Commerce.com, Inc.

Expects Q4 2023 revenue and non-GAAP operating income to exceed prior guidance highs.
Full-year 2023 financial performance improved relative to previously provided ranges.
Preliminary results subject to change until 10-K filing; earnings call scheduled Feb 22, 2024.
President Steven Chung resigns effective Feb 16, 2024 for personal international relocation; CEO Brent Bellm interim.
National search for new President has commenced.

item 2.02 item 5.02 item 9.01

Executive movements

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

Departed

Steven Chung

President

CMRC · Commerce.com, Inc.

Effective: 2024-02-16
Filed: January 29, 2024, 6:59 PM ET

On January 23, 2024, Steven Chung, the President of the Company, informed the Company that he will be stepping down from his position as President effective as of February 16, 2024.

Appointed (interim)

Brent Bellm

President

CMRC · Commerce.com, Inc.

Effective: 2024-02-16
Filed: January 29, 2024, 6:59 PM ET

Effective as of February 16, 2024, Brent Bellm, the Company’s Chief Executive Officer, will be fulfilling the role of President on an interim basis, until a successor for Mr. Chung has been identified.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Commerce.com, Inc. updated its the three months ended December 31, 2023 guidance (raised).

Period: the three months ended December 31, 2023
Guidance: raised
Result: preliminary results

Exact text from the filing

As of January 29, 2024, BigCommerce Holdings, Inc. (the “Company”) expects that its financial results for the three months ended December 31, 2023 will exceed the high ends of the ranges of revenue and non-GAAP operating income provided on the earnings call discussing the Company’s third quarter financial results held on November 8, 2023, with corresponding improved financial performance relative to the ranges presented for revenue and non-GAAP operating loss for the full year 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Commerce.com, Inc. updated its the full year 2023 guidance (raised).

Period: the full year 2023
Guidance: raised
Result: preliminary results

Exact text from the filing

with corresponding improved financial performance relative to the ranges presented for revenue and non-GAAP operating loss for the full year 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven Chung departed as President at Commerce.com, Inc..

Action: stepping down
Role: President

Exact text from the filing

On January 23, 2024, Steven Chung, the President of the Company, informed the Company that he will be stepping down from his position as President effective as of February 16, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brent Bellm was appointed as President at Commerce.com, Inc..

Action: appointed
Role: President

Exact text from the filing

Effective as of February 16, 2024, Brent Bellm, the Company’s Chief Executive Officer, will be fulfilling the role of President on an interim basis, until a successor for Mr. Chung has been identified.

View on SEC.gov

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Commerce.com, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-008310

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