BigCommerce 8-K Filed: General Corporate Info, No Specifics

Ticker: CMRC · Form: 8-K · Filed: Jan 29, 2024 · CIK: 1626450

Complexity: simple

Sentiment: neutral

Topics: corporate-governance, administrative, 8-K

TL;DR

**BigCommerce filed an 8-K, but it's light on actionable details regarding financials or executive changes.**

AI Summary

BigCommerce Holdings, Inc. filed an 8-K on January 29, 2024, reporting on events that occurred on January 23, 2024. This filing indicates that the company is a Delaware corporation with its principal executive offices in Austin, Texas, and its Series 1 Common Stock (BIGC) is registered on The Nasdaq Global Market. While the filing mentions 'Results of Operations and Financial Condition' and 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' as item information, the provided text does not contain specific details about these events. Investors should note that without the specific details, it's hard to assess the impact of these potential changes on the company's financial health or leadership stability.

Why It Matters

This filing confirms BigCommerce's basic corporate structure and stock listing but lacks the specific details on financial results or executive changes that would typically inform investment decisions. Without these specifics, investors cannot fully evaluate the company's recent performance or leadership stability.

Risk Assessment

Risk Level: low — The filing itself is administrative and does not contain information that directly introduces new risks or mitigates existing ones, though the lack of detail on the mentioned items could be a minor concern.

Analyst Insight

A smart investor would note the filing but understand that this specific document provides no new material information for investment decisions. They would await further detailed disclosures regarding the 'Results of Operations and Financial Condition' or 'Compensatory Arrangements of Certain Officers' mentioned in the item information.

Key Players & Entities

FAQ

What is the exact name of the registrant as specified in its charter?

The exact name of the registrant as specified in its charter is BigCommerce Holdings, Inc.

What is the trading symbol and the exchange on which BigCommerce Holdings, Inc.'s Series 1 Common Stock is registered?

The trading symbol for BigCommerce Holdings, Inc.'s Series 1 Common Stock is BIGC, and it is registered on The Nasdaq Global Market.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported in this 8-K filing is January 23, 2024.

Where are the principal executive offices of BigCommerce Holdings, Inc. located?

The principal executive offices of BigCommerce Holdings, Inc. are located at 11305 Four Points Drive Building II, Suite 100, Austin, Texas 78726.

What are the specific items of information included in this 8-K filing, as per the 'ITEM INFORMATION' section?

The specific items of information included are 'Results of Operations and Financial Condition', 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', and 'Financial Statements and Exhibits'.

Filing Stats: 1,076 words · 4 min read · ~4 pages · Grade level 13.2 · Accepted 2024-01-29 16:05:20

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition As of January 29, 2024, BigCommerce Holdings, Inc. (the "Company") expects that its financial results for the three months ended December 31, 2023 will exceed the high ends of the ranges of revenue and non-GAAP operating income provided on the earnings call discussing the Company's third quarter financial results held on November 8, 2023, with corresponding improved financial performance relative to the ranges presented for revenue and non-GAAP operating loss for the full year 2023. The Company's financial statements for the quarter and year ended December 31, 2023 are preliminary at this time and the information set forth above is subject to change until the Company files its annual report on Form 10-K. Further details with respect to fourth quarter 2023 and full year 2023 results will be discussed in the Company's next earnings call scheduled for Thursday, February 22, 2024. The information contained in this Item 2.02 of the Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as expressly set forth by specific reference in such filing. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On January 23, 2024, Steven Chung, the President of the Company, informed the Company that he will be stepping down from his position as President effective as of February 16, 2024. Mr. Chung's resignation is a result of his decision to relocate internationally for personal and professional reasons. The Company thanks Mr. Chung for his contributions, including his leadership in the Company's recent

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K ("Current Report") contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as "anticipate," "believe," "estimate," "expect," "intend," "outlook," "may," "might," "plan," "project," "will," "would," "should," "could," "can," "predict," "potential," "strategy, "target," "goal," "explore," "continue," or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to expectations related to the costs, timing, and financial impacts of the reduction in force. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the forward-looking statements. Risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption "Risk Factors" and elsewhere in our filings with the Securities and Exchange Commission (the "SEC"), including our Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on March 1, 2023, our Quarterly Report on Form 10-Q filed with the SEC on November 8, 2023, and the future quarterly and current reports that we file with the SEC. Forward-looking statements speak only as of the date the statements are made and are based on information available to the Company at the time those statements are made and/or management's good faith belief as of that time with respect to future US-DOCS\147878467.4 events. The Company assumes no obligat

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 104 Cover page interactive data file (embedded within the inline XBRL document). US-DOCS\147878467.4

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BigCommerce Holdings, Inc. Date: January 29, 2024 By: /s/ Chuck Cassidy Chuck Cassidy General Counsel US-DOCS\147878467.4

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