8-K filed October 2, 2024, 7:59 PM ET ticker CMRC CIK 0001626450

leadership confidence high sentiment neutral materiality 0.80

BigCommerce CEO Brent Bellm terminated; Travis Hess appointed CEO, Ellen Siminoff named Executive Chair

Commerce.com, Inc.

Brent Bellm terminated as CEO effective Sep 30; receives 12 months base salary + healthcare; serves as advisor through Oct 18.
Travis Hess (former President) becomes CEO and board member as of Oct 1; granted 100k PSUs (0-200% vesting) and 100k option shares.
Ellen Siminoff appointed Executive Chair; receives $200k cash and 190k option shares vesting over 12 months.
Company reaffirms Q3 FY2024 guidance as provided on Aug 1, 2024; no change to outlook.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Travis Hess

Director

CMRC · Commerce.com, Inc.

Effective: 2024-10-01
Filed: October 2, 2024, 7:59 PM ET

Concurrently, the Board elected Mr. Hess as a director of the Company, to fill the vacancy created by Mr. Bellm’s departure.

Departed

Brent Bellm

Chief Executive Officer

CMRC · Commerce.com, Inc.

Effective: 2024-09-30
Successor: Travis Hess
Filed: October 2, 2024, 7:59 PM ET

On September 30, 2024, the Board of Directors (the “Board”) of the Company notified Brent Bellm that his employment as the Company’s Chief Executive Officer was terminated.

Departed

Brent Bellm

Director

CMRC · Commerce.com, Inc.

Effective: 2024-10-01
Successor: Travis Hess
Filed: October 2, 2024, 7:59 PM ET

On October 1, 2024, Mr. Bellm notified the Company of his resignation from the Board, including all committees on which he serves, effective immediately.

Appointed

Travis Hess

Chief Executive Officer

CMRC · Commerce.com, Inc.

Effective: 2024-10-01
Filed: October 2, 2024, 7:59 PM ET

On September 30, 2024, the Board appointed Travis Hess, previously President of the Company, to succeed Mr. Bellm as the Company’s Chief Executive Officer, effective October 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Travis Hess was elected as Director at Commerce.com, Inc..

Action: elected
Role: Director

Exact text from the filing

Concurrently, the Board elected Mr. Hess as a director of the Company, to fill the vacancy created by Mr. Bellm’s departure.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brent Bellm was terminated as Chief Executive Officer at Commerce.com, Inc..

Action: terminated
Role: Chief Executive Officer

Exact text from the filing

On September 30, 2024, the Board of Directors (the “Board”) of the Company notified Brent Bellm that his employment as the Company’s Chief Executive Officer was terminated.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brent Bellm resigned as Director at Commerce.com, Inc..

Action: resigned
Role: Director

Exact text from the filing

On October 1, 2024, Mr. Bellm notified the Company of his resignation from the Board, including all committees on which he serves, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Travis Hess was appointed as Chief Executive Officer at Commerce.com, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On September 30, 2024, the Board appointed Travis Hess, previously President of the Company, to succeed Mr. Bellm as the Company’s Chief Executive Officer, effective October 1, 2024.

View on SEC.gov

Commerce.com, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-231224

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