secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2026-03-10T23:59:59+00:00
Accession:  0001193125-26-100363
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procore appoints Rachel Pyles as CFO Designate and Walt Hearn as CRO Designate; reaffirms FY26 guidance
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- Rachel Pyles (ex-Ansys CFO) joins as CFO Designate effective March 10, 2026; becomes CFO and Treasurer April 1, 2026.
- Walt Hearn (ex-Ansys head of worldwide sales) joins as CRO Designate effective March 10, 2026; becomes CRO April 1, 2026.
- Howard Fu and Larry Stack move to strategic advisory roles after April 1, 2026 to support transition.
- Pyles receives $450K base salary, 75% target bonus, $50K sign-on, $8.1M RSU grant, and $5.4M PSU grant.
- Company reaffirms Q1 and full-year FY2026 guidance as announced on February 12, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000119312526100363/0001193125-26-100363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000119312526100363/d99284d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-100363

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