EverCommerce Inc.

09/20/2024 | Press release | Distributed by Public on 09/20/2024 14:31

Management Change/Compensation Form 8 K

Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 19, 2024, the Board elected Alexi Wellman to the Board of Directors (the "Board") of EverCommerce Inc. (the "Company") as a Class II director, effective September 23, 2024. Ms. Wellman has also been appointed to serve as a member of the Audit Committee of the Board (the "Audit Committee").

Ms. Wellman will participate in the Company's Non-Employee Director Compensation Program (as amended from time to time, the "Program"), which provides for an annual retainer of $55,000 for her Board service and an additional annual retainer of $20,000 for her service as a member of the Audit Committee. Ms. Wellman will also receive, as an initial equity award under the terms of the Program, a grant of restricted stock units having an aggregate fair value on September 23, 2024 of $200,000, pro rated for the number of days elapsed since the Company's 2024 annual meeting of stockholders (the "Initial Award"). The Initial Award will vest in full on the earlier of (1) the day preceding the date of the next annual meeting of stockholders and (2) September 23, 2025, subject to Ms. Wellman's continued service on the Board through the applicable vesting date.

The Company expects to enter into the Company's standard form of indemnification agreement with Ms. Wellman.

On September 19, 2024, Debby Soo resigned from the Board, effective October 31, 2024.