EverCommerce president Matthew Feierstein to resign
EverCommerce Inc. discloses the resignation of its President, with extended option exercise rights and a short-term consulting arrangement to support transition.
Rhea-AI Filing Summary
EverCommerce Inc. (EVCM) announced that Matthew Feierstein has resigned as President of the company and as Chief Executive Officer of EverPro, effective October 9, 2026 or a later mutually agreed date. The company states his resignation is not due to any disagreement regarding operations, policies or practices.
Subject to his continued employment through the effective date and execution of a release of claims, he will be eligible for a prorated 2026 annual target bonus. Under his employment agreement, the period to exercise vested stock options will be extended to 35 months following termination. Feierstein has also agreed to provide transition consulting services through December 31, 2026 at a rate of $500 per hour.
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- President resigns, with Matthew Feierstein leaving his roles as President of the company and CEO of EverPro effective October 9, 2026 or a later agreed date, creating a senior leadership transition.
Insights
Analyzing...
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Effective resignation date: October 9, 2026
Consulting end date: December 31, 2026
Consulting rate: $500 per hour
+2 more
5 metrics
Effective resignation date
October 9, 2026
Effective date of Matthew Feierstein’s resignation, or a later mutually agreed date
Consulting end date
December 31, 2026
End of Mr. Feierstein’s agreed consulting period providing transition services
Consulting rate
$500 per hour
Hourly rate for Mr. Feierstein’s transition consulting services after the Effective Date
Option exercise window
35 months
Period after termination during which vested stock options may be exercised, subject to original expiration dates
Bonus period
2026
Year for which Mr. Feierstein may receive a prorated annual target bonus, based on days employed
Key Terms
Emerging growth company, restrictive covenant obligations, release of claims, prorated, +1 more
5 terms
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
restrictive covenant obligations regulatory
"Mr. Feierstein will remain subject to the restrictive covenant obligations"
release of claims regulatory
"execution and non-revocation of a release of claims in favor of the Company"
prorated financial
"annual target bonus for 2026, prorated based on the number of days"
Prorated means dividing or allocating a quantity, cost, or benefit proportionally based on the amount of time or usage involved. For example, if a service fee is paid monthly but someone uses only part of the month, the fee is adjusted to reflect the actual time used. This ensures fairness by matching costs or benefits to the actual period or amount involved, which can impact how investors evaluate expenses, returns, or value.
Effective Date regulatory
"effective October 9, 2026 or such later date as is mutually agreed"
The effective date is the specific calendar day when a contract, regulatory action, corporate change, or financial disclosure officially begins to apply and take legal or operational effect. For investors, it marks the moment rules, obligations, ownership, pricing, or reporting change—similar to the exact minute a light switch is flipped—so it determines when rights, liabilities, or market impacts start and which periods or transactions are affected.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What leadership change did EverCommerce Inc. (EVCM) announce on September 18, 2026?
EverCommerce Inc. disclosed that Matthew Feierstein resigned as President of the company and as Chief Executive Officer of EverPro, effective October 9, 2026 or such later date as he and the company mutually agree.
Did Matthew Feierstein resign from EverCommerce (EVCM) due to a disagreement with the company?
The company states that Mr. Feierstein’s resignation is not the result of any disagreement with EverCommerce on matters relating to its operations, policies, or practices.
What bonus compensation could Matthew Feierstein receive from EverCommerce (EVCM) for 2026?
Subject to conditions, Mr. Feierstein will be eligible to receive his annual target bonus for 2026, prorated based on the number of days he was employed during 2026, and payable within thirty days of his last date of employment.
How long will Matthew Feierstein have to exercise his EverCommerce (EVCM) stock options after leaving?
Under his Employment Agreement, the time period for Mr. Feierstein to exercise his vested stock options will be extended to 35 months following his termination of employment, or earlier if the options’ original expiration date occurs first.
What consulting arrangement did EverCommerce (EVCM) agree to with Matthew Feierstein after his resignation?
Following the effective resignation date, Mr. Feierstein agreed to provide transition services as a consultant to EverCommerce on an as-needed basis through December 31, 2026, at a rate of $500 per hour.
What ongoing obligations will Matthew Feierstein have under his EverCommerce (EVCM) Employment Agreement?
Mr. Feierstein will remain subject to the restrictive covenant obligations in his Employment Agreement, which continue to apply after his termination of employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
