Sps Commerce (SPSC) just unveiled an update.
On February 29, 2024, SPS Commerce, Inc. announced that Archie Black, the Executive Chair of the Board, will retire and not seek re-election at the upcoming annual stockholders’ meeting. Having transitioned from CEO to Executive Chair in the previous year following the appointment of a new CEO, Black’s departure will mark the end of his tenure with the company. He will be entitled to retirement benefits as outlined in his executive agreement.
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