{"filing":{"accession_number":"0001193125-26-387279","cik":"0001626450","ticker":"CMRC","company_name":"Commerce.com, Inc.","form":"8-K","filing_date":"2026-09-10","report_date":"2025-05-15","primary_document":"bigc-20250515.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1626450/000119312526387279/bigc-20250515.htm"},"events":[{"id":32549,"run_id":29909,"accession_number":"0001193125-26-387279","anchor_item_number":"2.05","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.95,"summary":"Commerce.com committed to a strategic operating plan on September 9, 2026, targeting $60–$80 million in annualized cost savings through workforce reductions and operational efficiency improvements. The company disclosed restructuring charges of $4.2–$8.8 million in Q3 2026 and $4.3–$17.5 million in Q4 2026, primarily for severance payments, facilities, and related exit costs.","company_name":"Commerce.com, Inc.","ticker":"CMRC","filing_date":"2026-09-10","form":"8-K","submitted_at":null,"items":[{"id":35745,"accession_number":"0001193125-26-387279","item_number":"2.05","item_title":"Costs Associated with Exit or Disposal Activities.","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Commerce.com committed to a strategic operating plan on September 9, 2026, designed to \"align the Company's current workforce with its on-going cost structure.\" The filing discloses $4.2–$8.8 million in Q3 2026 restructuring expenses and $4.3–$17.5 million in Q4 2026, primarily for severance payments, facilities, and related costs. The press release confirms the plan targets $60–$80 million in annualized cost savings through reductions in staffing, professional services, and infrastructure. This is a material workforce reduction with associated exit costs disclosed under Item 2.05.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-10T12:07:47.694371+00:00","company_name":"","ticker":null,"filing_date":""},{"id":35746,"accession_number":"0001193125-26-387279","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Commerce announced a strategic operating plan targeting $60–$80 million in annualized cost savings, a 20% non-GAAP operating margin target for 2027, and a $50 million share repurchase authorization. While the plan includes restructuring charges ($4.2–$8.8 million in Q3 2026, $4.3–$17.5 million in Q4 2026), the core disclosure centers on operational efficiency improvements, cost reduction, and capital allocation strategy rather than a discrete workforce reduction event. The plan is material to investors as it affects profitability, free cash flow, and shareholder returns, but does not fit neatly into `workforce_reduction` (which emphasizes the layoff decision and exit costs as the primary event) or other specific categories.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-10T12:07:47.694371+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":32550,"run_id":29909,"accession_number":"0001193125-26-387279","anchor_item_number":"8.01","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"The Board authorized a $50 million share repurchase program effective September 10, 2026 through September 10, 2028, representing a material capital allocation and shareholder return initiative.","company_name":"Commerce.com, Inc.","ticker":"CMRC","filing_date":"2026-09-10","form":"8-K","submitted_at":null,"items":[{"id":35747,"accession_number":"0001193125-26-387279","item_number":"8.01","item_title":"Other Events.","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The primary disclosure in Item 8.01 is the Board's authorization of a $50 million share repurchase program effective September 10, 2026 through September 10, 2028. Share repurchases are a form of capital return to shareholders and fall under the dividend_distribution category, which encompasses \"share-repurchase programs\" alongside dividends and distributions. The authorization is material to investors as it signals capital allocation strategy and expected shareholder returns.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-10T12:07:47.694371+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":35745,"accession_number":"0001193125-26-387279","item_number":"2.05","item_title":"Costs Associated with Exit or Disposal Activities.","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Commerce.com committed to a strategic operating plan on September 9, 2026, designed to \"align the Company's current workforce with its on-going cost structure.\" The filing discloses $4.2–$8.8 million in Q3 2026 restructuring expenses and $4.3–$17.5 million in Q4 2026, primarily for severance payments, facilities, and related costs. The press release confirms the plan targets $60–$80 million in annualized cost savings through reductions in staffing, professional services, and infrastructure. This is a material workforce reduction with associated exit costs disclosed under Item 2.05.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-10T12:07:47.694371+00:00","company_name":"Commerce.com, Inc.","ticker":"CMRC","filing_date":"2026-09-10"},{"id":35746,"accession_number":"0001193125-26-387279","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Commerce announced a strategic operating plan targeting $60–$80 million in annualized cost savings, a 20% non-GAAP operating margin target for 2027, and a $50 million share repurchase authorization. While the plan includes restructuring charges ($4.2–$8.8 million in Q3 2026, $4.3–$17.5 million in Q4 2026), the core disclosure centers on operational efficiency improvements, cost reduction, and capital allocation strategy rather than a discrete workforce reduction event. The plan is material to investors as it affects profitability, free cash flow, and shareholder returns, but does not fit neatly into `workforce_reduction` (which emphasizes the layoff decision and exit costs as the primary event) or other specific categories.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-10T12:07:47.694371+00:00","company_name":"Commerce.com, Inc.","ticker":"CMRC","filing_date":"2026-09-10"},{"id":35747,"accession_number":"0001193125-26-387279","item_number":"8.01","item_title":"Other Events.","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"The primary disclosure in Item 8.01 is the Board's authorization of a $50 million share repurchase program effective September 10, 2026 through September 10, 2028. Share repurchases are a form of capital return to shareholders and fall under the dividend_distribution category, which encompasses \"share-repurchase programs\" alongside dividends and distributions. The authorization is material to investors as it signals capital allocation strategy and expected shareholder returns.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-10T12:07:47.694371+00:00","company_name":"Commerce.com, Inc.","ticker":"CMRC","filing_date":"2026-09-10"}]}