secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0001193125-25-051099
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procore CEO Tooey Courtemanche to step to Executive Chairman; successor search begins
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- Founder/CEO Tooey Courtemanche will become Executive Chairman once a successor is appointed.
- Board initiates comprehensive search; Courtemanche remains CEO until then.
- Decision unrelated to any disagreement with Board or company operations.
- Company reaffirms Q1 and FY 2025 guidance as previously announced on Feb 13.
- Courtemanche to terminate his Rule 10b5-1 trading plan before any transactions occur.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000119312525051099/0001193125-25-051099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000119312525051099/d938528d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-051099

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