EverCommerce CFO Departs, New CFO Appointed

TL;DR

EverCommerce CFO out, new CFO in. Weiss starts Sept 23rd with $400k salary.

AI Summary

On September 19, 2024, EverCommerce Inc. announced the departure of its Chief Financial Officer, Thomas W. W. Fuller, effective September 20, 2024. The company also appointed David L. Weiss as the new CFO, effective September 23, 2024. Weiss will receive an annual base salary of $400,000 and will be eligible for a discretionary annual bonus.

Why It Matters

This filing indicates a significant leadership change in the finance department, which could impact investor confidence and the company's financial strategy.

Risk Assessment

Risk Level: medium — A CFO departure and appointment can signal underlying issues or strategic shifts, warranting closer scrutiny.

Key Numbers

• $400,000 — New CFO Annual Base Salary (This is the starting compensation for David L. Weiss.)

Key Players & Entities

• EverCommerce Inc. (company) — Registrant
• Thomas W. W. Fuller (person) — Departing Chief Financial Officer
• David L. Weiss (person) — Appointed Chief Financial Officer
• $400,000 (dollar_amount) — New CFO's annual base salary

FAQ

Key Financial Figures

• $0.00001 — ange on which registered Common Stock, $0.00001 par value per share EVCM The Nasdaq
• $55,000 — hich provides for an annual retainer of $55,000 for her Board service and an additional
• $20,000 — ce and an additional annual retainer of $20,000 for her service as a member of the Audi
• $200,000 — ate fair value on September 23, 2024 of $200,000, pro rated for the number of days elaps

Filing Documents

• ef20036133_8k.htm (8-K) — 27KB
• 0001140361-24-041574.txt ( ) — 164KB
• evcm-20240919.xsd (EX-101.SCH) — 4KB
• evcm-20240919_lab.xml (EX-101.LAB) — 22KB
• evcm-20240919_pre.xml (EX-101.PRE) — 16KB
• ef20036133_8k_htm.xml (XML) — 4KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 19, 2024, the Board elected Alexi Wellman to the Board of Directors (the "Board") of EverCommerce Inc. (the "Company") as a Class II director, effective September 23, 2024. Ms. Wellman has also been appointed to serve as a member of the Audit Committee of the Board (the "Audit Committee"). Ms. Wellman will participate in the Company's Non-Employee Director Compensation Program (as amended from time to time, the "Program"), which provides for an annual retainer of $55,000 for her Board service and an additional annual retainer of $20,000 for her service as a member of the Audit Committee. Ms. Wellman will also receive, as an initial equity award under the terms of the Program, a grant of restricted stock units having an aggregate fair value on September 23, 2024 of $200,000, pro rated for the number of days elapsed since the Company's 2024 annual meeting of stockholders (the "Initial Award"). The Initial Award will vest in full on the earlier of (1) the day preceding the date of the next annual meeting of stockholders and (2) September 23, 2025, subject to Ms. Wellman's continued service on the Board through the applicable vesting date. The Company expects to enter into the Company's standard form of indemnification agreement with Ms. Wellman. On September 19, 2024, Debby Soo resigned from the Board, effective October 31, 2024.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EVERCOMMERCE INC. Date: September 20, 2024 By: /s/ Lisa Storey Lisa Storey Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR