secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001193125-25-275613
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Procore CEO transition effective Nov 10; Courtemanche receives $3M PSU, $500K bonus
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- Craig Courtemanche resigned as President and CEO effective Nov 10, 2025, as part of planned CEO transition.
- Dr. Ajei Gopal becomes CEO on Nov 10; Courtemanche remains Board Chair.
- Compensation Committee approved $500K cash bonus (payable Jan 2026) and full healthcare premiums for 12 months.
- Courtemanche granted performance-based RSUs with target value $3M, vesting based on supporting Gopal through Nov 10, 2026.
- Courtemanche remains eligible for non-prorated FY25 bonus; prior equity awards continue vesting while serving as Board member.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000119312525275613/0001193125-25-275613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000119312525275613/d84139d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-275613

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