Commerce.com, Inc. filed a current report on November 5, 2026, disclosing the upcoming departure of Chief Financial Officer and Chief Operating Officer Daniel Lentz, the appointment of Tyler Duncan as Interim Chief Financial Officer effective November 13, 2026, and retention arrangements for certain members of its leadership team.

Key Highlights

  • CFO departure: Daniel Lentz, Chief Financial Officer and Chief Operating Officer, informed the company on November 3, 2026 that he will step down from both roles effective November 13, 2026.
  • Interim appointment: The board of directors appointed Tyler Duncan, age 36, as Interim Chief Financial Officer and principal financial officer, effective upon Mr. Lentz's departure.
  • Duncan compensation: Mr. Duncan's offer letter provides an annual base salary of $350,000, a target bonus of $122,500, a one-time cash retention bonus of $300,000 (payable in two installments), and 125,000 RSUs vesting ratably over four years.
  • General Counsel retention: Chuck Cassidy, the company's General Counsel, will receive a one-time cash retention bonus of $150,000 and 25,000 RSUs vesting ratably over four years.
  • No disagreement: According to the filing, Mr. Lentz's decision to step down "was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices."
  • Permanent search underway: The company disclosed it has commenced a search for a permanent Chief Financial Officer.
  • Financial results also disclosed: On the same date, the company issued a press release announcing financial results for the three and nine months ended September 30, 2026.

Commerce.com CFO Transition: Duncan's Role, Compensation, and Retention Terms

According to the filing, Daniel Lentz notified Commerce.com on November 3, 2026 that he would vacate his positions as Chief Financial Officer (the company's principal financial officer) and Chief Operating Officer on November 13, 2026. The company stated his departure was not the result of any disagreement with the company on its operations, policies, or practices. The board of directors on the same date appointed Tyler Duncan, age 36, to serve as Interim Chief Financial Officer until a permanent successor is named.

The filing describes Mr. Duncan's background as including service as Senior Vice President, Finance and Investor Relations since November 2025, Vice President, Finance and Investor Relations from September 2024 to November 2025, Senior Director, Finance and Investor Relations from 2023 to 2024, and Director of Financial Planning and Analysis from 2021 to 2023. He holds a Bachelor's degree from Baylor University. Under the Duncan Offer Letter, his annual base salary is $350,000, his target bonus is $122,500, and he is eligible for a one-time cash retention bonus totaling $300,000, payable as $200,000 after May 31, 2027 and $100,000 after August 31, 2027, subject to continued employment. He also received a grant of 125,000 RSUs vesting ratably over four years.

The filing also discloses that, separately, the board approved a retention letter for Chuck Cassidy, the company's General Counsel. Mr. Cassidy will receive a one-time cash retention bonus of $150,000 (payable as $100,000 after May 31, 2027 and $50,000 after August 31, 2027, subject to continued employment) and 25,000 RSUs vesting ratably over four years. The company described these arrangements as intended "to promote continuity and retain key members of the Company's leadership team during the Chief Financial Officer transition." The filing for Commerce.com, trading as NASDAQ:CMRC, also noted the company issued a press release on November 5, 2026 covering both the leadership change and financial results for the period ended September 30, 2026.

What Was Disclosed

Commerce.com's November 5, 2026 current report disclosed the resignation of CFO and COO Daniel Lentz effective November 13, 2026, the appointment of Tyler Duncan as Interim CFO, the terms of his offer letter, and a retention arrangement for General Counsel Chuck Cassidy.