secwatch.observer — SEC 8-K summary
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Issuer:     SPS COMMERCE INC (SPSC)
CIK:        0001092699
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001092699-23-000047
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPS Commerce appoints Chad Collins CEO; Archie Black to Executive Chair; COO James Frome to retire Dec 2024
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- Chad Collins appointed CEO effective Oct 2, 2023; Archie Black transitions to Executive Chair.
- Collins joins from Körber Supply Chain; receives $525k base salary, $6.5M sign-on RSUs, $4.5M sign-on PSUs.
- COO James Frome to retire Dec 31, 2024; 2024 comp includes $425k base, $425k target bonus, $5M RSU grant.
- Philip Soran, former Chair, becomes Lead Independent Director.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092699/000109269923000047/0001092699-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092699/000109269923000047/spsc-20230705.htm
  HTML page:      https://secwatch.observer/filing/0001092699-23-000047

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