secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2025-12-11T23:59:59+00:00
Accession:  0001193125-25-316214
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Director Feinstein resigns from Procore board; Ronald Hovsepian appointed as replacement
--------------------------------------------------------------------------------

- Brian Feinstein voluntarily resigned from the Board effective Dec. 9, 2025, with no disagreement with the company.
- Ronald Hovsepian appointed as Class I director until the 2028 annual meeting; will serve on Compensation and Nominating Committees.
- Hovsepian receives annual cash retainers totaling $64,500 ($48,100 base + $10,000 + $6,400) and an initial RSU award valued at $530,000.
- Initial RSU vests in three equal annual installments on Nov. 20, 2026, 2027, and 2028; future annual RSU awards of $227,500 also granted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000119312525316214/0001193125-25-316214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000119312525316214/d16471d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-316214

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