Procore Technologies Files 8-K on Director Changes and Compensation
Ticker: PCOR · Form: 8-K · Filed: 2025-09-22T00:00:00.000Z
Sentiment: neutral
Topics: corporate-governance, executive-compensation, filing-update
TL;DR
Procore filed an 8-K: board changes, exec pay updates, and financial docs filed Sept 22.
AI Summary
On September 19, 2025, Procore Technologies, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing also included financial statements and exhibits, with the report being officially filed with the SEC on September 22, 2025.
Why It Matters
This filing indicates potential shifts in corporate governance and executive remuneration, which could impact investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate governance and compensation matters, not indicating immediate financial distress or significant operational changes.
Key Players & Entities
- PROCORE TECHNOLOGIES, INC. (company) — Registrant
- September 19, 2025 (date) — Date of earliest event reported
- September 22, 2025 (date) — Date of filing
- Delaware (jurisdiction) — State of Incorporation
- 6309 Carpinteria Avenue (address) — Principal Executive Offices
FAQ
What specific changes were made to Procore Technologies' board of directors?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors', but the specific details of these changes are not provided in the summary text.
What are the key aspects of the compensatory arrangements mentioned?
The filing notes 'Compensatory Arrangements of Certain Officers', but the specific details of these arrangements are not elaborated upon in the provided text.
What is the significance of the 'Regulation FD Disclosure' item?
This item suggests that the company may be disclosing material non-public information in a manner that complies with Regulation Fair Disclosure, ensuring broad dissemination to investors.
What types of financial statements and exhibits are included in the filing?
The filing lists 'Financial Statements and Exhibits' as an item, but the specific nature or content of these documents is not detailed in the provided text.
What is Procore Technologies' fiscal year end?
Procore Technologies' fiscal year ends on December 31st.
Filing Stats: 3,273 words · 13 min read · ~11 pages · Grade level 12.5 · Accepted 2025-09-22 16:10:21
Key Financial Figures
- $0.0001 — nge on which registered Common stock, $0.0001 par value PCOR The New York Stock E
- $750,000 b — opal will earn an annual base salary of $750,000 beginning on the Initial Start Date. He w
- $320,000 — lso receive a one-time sign-on bonus of $320,000, and will be eligible to be reimbursed
- $125,000 — will be eligible to be reimbursed up to $125,000 for reasonable attorneys' fees he incur
- $27.5 million — mmon stock with a target value equal to $27.5 million. The target value of the RSU award was
Filing Documents
- d937821d8k.htm (8-K) — 47KB
- d937821dex101.htm (EX-10.1) — 49KB
- d937821dex102.htm (EX-10.2) — 45KB
- d937821dex103.htm (EX-10.3) — 32KB
- d937821dex104.htm (EX-10.4) — 69KB
- d937821dex991.htm (EX-99.1) — 11KB
- g937821dsp1a.jpg (GRAPHIC) — 8KB
- g937821dsp2.jpg (GRAPHIC) — 3KB
- 0001193125-25-211312.txt ( ) — 451KB
- pcor-20250919.xsd (EX-101.SCH) — 3KB
- pcor-20250919_lab.xml (EX-101.LAB) — 17KB
- pcor-20250919_pre.xml (EX-101.PRE) — 11KB
- d937821d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits . The exhibits listed below are being furnished with this Current Report on Form 8-K. Exhibit Number Description 10.1 Offer Letter by and between Ajei S. Gopal and the Registrant, dated September 22, 2025 10.2 Severance Agreement by and between Ajei S. Gopal and the Registrant, dated September 22, 2025 10.3* Proprietary Information and Inventions Agreement by and between Ajei S. Gopal and the Registrant, dated September 22, 2025 10.4 Indemnification Agreement by and between Ajei S. Gopal and the Registrant, dated September 22, 2025 99.1 Press Release dated September 22, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Information in the appendix has been omitted pursuant to Item 601(a)(5) of Regulation S-K under the Securities Act of 1933, as amended. The Company agrees to furnish supplementally a copy of the omitted information to the Securities and Exchange Commission upon request.
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 thereunto duly authorized. Procore Technologies, Inc. Date: September 22, 2025 By : /s/ Benjamin C. Singer Benjamin C. Singer Chief Legal Officer and Corporate Secretary