BigCommerce CFO Departs; Interim CFO Appointed
Ticker: CMRC · Form: 8-K · Filed: Mar 8, 2024 · CIK: 1626450
| Field | Detail |
|---|---|
| Company | Bigcommerce Holdings, INC. (CMRC) |
| Form Type | 8-K |
| Filed Date | Mar 8, 2024 |
| Risk Level | medium |
| Pages | 10 |
| Reading Time | 12 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, interim-appointment, officer-compensation
Related Tickers: BIGC
TL;DR
BigCommerce CFO Robert Alvarez is out, Steven Johnson steps in as interim CFO.
AI Summary
BigCommerce Holdings, Inc. announced on March 5, 2024, the departure of Chief Financial Officer, Robert Alvarez. The company also announced the appointment of Steven T. Johnson as interim Chief Financial Officer. Additionally, the company reported on compensatory arrangements for its named executive officers.
Why It Matters
The departure of a CFO can signal changes in financial strategy or performance, while the appointment of an interim CFO suggests a transition period for financial leadership.
Risk Assessment
Risk Level: medium — A CFO departure and interim appointment can create uncertainty regarding financial strategy and future performance.
Key Players & Entities
- BigCommerce Holdings, Inc. (company) — Registrant
- Robert Alvarez (person) — Departing Chief Financial Officer
- Steven T. Johnson (person) — Interim Chief Financial Officer
- March 5, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the interim Chief Financial Officer of BigCommerce Holdings, Inc.?
Steven T. Johnson has been appointed as the interim Chief Financial Officer.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on March 5, 2024.
What was the previous role of Robert Alvarez at BigCommerce Holdings, Inc.?
Robert Alvarez was the Chief Financial Officer.
What is the principal executive office address for BigCommerce Holdings, Inc.?
The address is 11305 Four Points Drive, Building II, Suite 100, Austin, Texas 78726.
What is the Standard Industrial Classification code for BigCommerce Holdings, Inc.?
The SIC code is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 3,034 words · 12 min read · ~10 pages · Grade level 18.8 · Accepted 2024-03-08 17:28:09
Filing Documents
- bigc-20240305.htm (8-K) — 127KB
- bigc-ex10_1.htm (EX-10.1) — 68KB
- bigc-ex10_2.htm (EX-10.2) — 51KB
- bigc-ex10_3.htm (EX-10.3) — 50KB
- bigc-ex10_4.htm (EX-10.4) — 52KB
- 0000950170-24-028787.txt ( ) — 504KB
- bigc-20240305.xsd (EX-101.SCH) — 28KB
- bigc-20240305_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Form of Performance Unit Agreement 10.2 Form of Notice of Grant of Performance Units (Adjusted EBITDA) 10.3 Form of Notice of Grant of Performance Units (Revenue) 10.4 Form of Notice of Grant of Performance Units (Total Stockholder Return) 104 Cover page interactive data file (embedded within the inline XBRL document).
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: March 8, 2024 By: /s/ Chuck Cassidy Chuck Cassidy General Counsel