---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-208643"
form_type: "8-K"
ticker: "CMRC"
cik: "0001626450"
company_name: "Commerce.com, Inc."
filed_at: "2022-08-01T23:59:59+00:00"
generated_at: "2026-06-24T06:30:43.424477+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# BigCommerce appoints Gilligan and Malhotra to board; McDonald and Murray resign

## Summary
- Directors McDonald and Murray resigned July 29, 2022; no disagreement with company.
- Sally Gilligan (Gap Inc. Chief Growth Transformation Officer) and Satish Malhotra (CEO, The Container Store) appointed as Class II directors.
- Jeff Richards named lead independent director replacing Murray.
- Gilligan joins audit committee; Malhotra joins compensation committee.
- New directors receive $30k annual board retainer, committee fees, and prorated RSU grant valued ~$135k.

## SEC filing metadata
- accession: 0001193125-22-208643
- form_type: 8-K
- ticker: CMRC
- cik: 0001626450
- company_name: Commerce.com, Inc.
- filed_at: 2022-08-01T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1626450/000119312522208643/0001193125-22-208643-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1626450/000119312522208643/d355498d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-208643
- JSON: https://secwatch.observer/filing/0001193125-22-208643.json
- Plain text: https://secwatch.observer/filing/0001193125-22-208643.txt

## Key facts
- Executive change
  Satish Malhotra was appointed as Director at Commerce.com, Inc..
  - Action: appointed
  - Role: Director
  source text: On July 29, 2022 the Board, upon the unanimous recommendation of the Company’s nominating and corporate governance committee, appointed Sally Gilligan and Satish Malhotra as members of the Board to fill the vacancies created by the resignation of Messrs. McDonald and Murray.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1626450/000119312522208643/0001193125-22-208643-index.htm
- Executive change
  John T. McDonald resigned as Director at Commerce.com, Inc..
  - Action: resigned
  - Role: Director
  source text: On July 29, 2022, John T. McDonald and Steven Murray, each a member of the Board of Directors (the “ Board ”) of BigCommerce Holdings, Inc. (the “ Company ”), tendered their resignations, effective immediately, to the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1626450/000119312522208643/0001193125-22-208643-index.htm
- Executive change
  Sally Gilligan was appointed as Director at Commerce.com, Inc..
  - Action: appointed
  - Role: Director
  source text: On July 29, 2022 the Board, upon the unanimous recommendation of the Company’s nominating and corporate governance committee, appointed Sally Gilligan and Satish Malhotra as members of the Board to fill the vacancies created by the resignation of Messrs. McDonald and Murray.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1626450/000119312522208643/0001193125-22-208643-index.htm
- Executive change
  Steven Murray resigned as Director at Commerce.com, Inc..
  - Action: resigned
  - Role: Director
  source text: On July 29, 2022, John T. McDonald and Steven Murray, each a member of the Board of Directors (the “ Board ”) of BigCommerce Holdings, Inc. (the “ Company ”), tendered their resignations, effective immediately, to the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1626450/000119312522208643/0001193125-22-208643-index.htm
- Executive change
  Jeff Richards was appointed as Lead Independent Director at Commerce.com, Inc..
  - Action: appointed
  - Role: Lead Independent Director
  source text: On July 29, 2022 the Board unanimously resolved to appoint existing director Jeff Richards as lead independent director, which position was previously occupied by Mr. Murray.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1626450/000119312522208643/0001193125-22-208643-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.