secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001193125-23-138254
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procore appoints Howard Fu as CFO; Paul Lyandres moves to President of Fintech
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- Howard Fu promoted to CFO and Treasurer effective May 8, 2023, succeeding Paul Lyandres.
- Paul Lyandres transitions to newly-created President of Fintech role, effective same date.
- Fu receives annual base salary of $400,000, target bonus of 75% of salary, and 68,512 RSUs vesting quarterly over 4 years.
- Fu previously served as SVP of Finance at Procore; prior roles at DocuSign, Salesforce, LinkedIn, and Visa.
- Transition was not due to any disagreement with the company on operations, policies, or practices.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000119312523138254/0001193125-23-138254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000119312523138254/d441333d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-138254

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