secwatch.observer — SEC 8-K summary
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Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000950170-24-053216
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 Travis Hess as President; former Accenture ecommerce leader to lead go-to-market
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- Travis Hess appointed President, effective May 28, 2024; leads global go-to-market and operations.
- Base salary $460,000, target bonus 80% of base, RSU grant of 360,264 shares vesting over four years.
- Hess previously managing director at Accenture, leading DTC commerce and Shopify partnership.
- Severance: 12 months base + healthcare in change-in-control; 6 months otherwise.
- Also hires Thom Armstrong as VP Americas enterprise sales; previously at Stylitics and Salesforce.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000095017024053216/0000950170-24-053216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000095017024053216/bigc-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-053216

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