Erin Chapple to leave Procore (NYSE: PCOR) board; size cut to 10
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Procore Technologies, Inc. disclosed that director Erin Chapple has decided to voluntarily resign from its Board of Directors, effective June 30, 2026. The company stated that her resignation is not due to any disagreement with Procore on its operations, policies, or practices.
Following her departure, the Board size will be reduced from 11 to 10 directors, effective immediately after her resignation becomes effective. This represents a board-size adjustment rather than a broader leadership overhaul.
Positive
- None.
Negative
- None.
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
Resignation effective date: June 30, 2026
Board size before change: 11 directors
Board size after change: 10 directors
3 metrics
Resignation effective date
June 30, 2026
Effective date of Erin Chapple’s board resignation
Board size before change
11 directors
Number of Procore directors prior to resignation
Board size after change
10 directors
Number of Procore directors after resignation effective
Key Terms
Emerging growth company, Board of Directors, Section 13 or 15(d) of the Securities Exchange Act of 1934, Item 5.02
4 terms
Emerging growth company regulatory
"Emerging growth company Item 5.02 Departure of Directors"
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.
Board of Directors financial
"resign as a member of the Board of Directors (the “Board”) of the Company"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
Section 13 or 15(d) of the Securities Exchange Act of 1934 regulatory
"Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934"
Item 5.02 regulatory
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors"
FAQ
What board change did Procore Technologies (PCOR) announce on June 26, 2026?
Procore Technologies announced that director Erin Chapple chose to resign from the Board effective June 30, 2026. After her departure, the Board size will be reduced from 11 directors to 10, reflecting a modest adjustment in board composition.
Why is director Erin Chapple resigning from Procore Technologies (PCOR)?
Erin Chapple is resigning voluntarily from Procore’s Board of Directors. The company stated her decision was not the result of any disagreement with Procore, including on matters related to its operations, policies, or practices, indicating an orderly and non-contentious departure.
When will Erin Chapple’s resignation from Procore Technologies (PCOR) be effective?
Erin Chapple’s resignation from Procore’s Board of Directors will be effective on June 30, 2026. Immediately after that effective date, the Board size change from 11 members to 10 will take effect as previously approved by the Board.
How will Procore Technologies’ (PCOR) Board size change after Erin Chapple resigns?
After Erin Chapple’s resignation becomes effective on June 30, 2026, Procore’s Board of Directors will decrease from 11 members to 10. The Board approved this reduction to take effect immediately following the effectiveness of her resignation.