secwatch.observer — SEC 8-K summary
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Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0001193125-22-208643
Event type: leadership
Sentiment:  positive
Materiality: 0.40
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigCommerce appoints Gilligan and Malhotra to board; McDonald and Murray resign
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000119312522208643/0001193125-22-208643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000119312522208643/d355498d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-208643

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