{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-231224","form_type":"8-K","ticker":"CMRC","cik":"0001626450","company_name":"Commerce.com, Inc.","filed_at":"2024-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.025657+00:00","generated_at":"2026-05-30T22:36:04.652761+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"BigCommerce CEO Brent Bellm terminated; Travis Hess appointed CEO, Ellen Siminoff named Executive Chair","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-231224","json":"https://secwatch.observer/filing/0001193125-24-231224.json","markdown":"https://secwatch.observer/filing/0001193125-24-231224.md","text":"https://secwatch.observer/filing/0001193125-24-231224.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1626450/000119312524231224/0001193125-24-231224-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1626450/000119312524231224/d900045d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T22:36:04.652761+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"12407e1eef","claim":"Travis Hess was elected as Director at Commerce.com, Inc..","evidence_excerpt":"Concurrently, the Board elected Mr. Hess as a director of the Company, to fill the vacancy created by Mr. Bellm’s departure.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1626450/000119312524231224/0001193125-24-231224-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"824aff616c","claim":"Brent Bellm was terminated as Chief Executive Officer at Commerce.com, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1626450/000119312524231224/0001193125-24-231224-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"936bcb7b91","claim":"Brent Bellm resigned as Director at Commerce.com, Inc..","evidence_excerpt":"On October 1, 2024, Mr. Bellm notified the Company of his resignation from the Board, including all committees on which he serves, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1626450/000119312524231224/0001193125-24-231224-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c4d6d52660","claim":"Travis Hess was appointed as Chief Executive Officer at Commerce.com, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1626450/000119312524231224/0001193125-24-231224-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}