Management ChangeMay 21, 2026, 04:13 PM
SPS Commerce CFO Kimberly Nelson's Retirement Date Finalized
AI Summary
SPS Commerce announced that Kimberly Nelson, former Executive Vice President and Chief Financial Officer, will officially retire on June 1, 2026. Ms. Nelson had previously given six months' notice of her retirement, and her successor, Joseph Del Preto, assumed the CFO role on March 16, 2026. The Compensation & Talent Committee waived the six-month notice period requirement for her equity awards, ensuring they are treated under retirement provisions. Ms. Nelson will not receive any cash payments or severance.
Key Highlights
- Kimberly Nelson's retirement from SPS Commerce is effective June 1, 2026.
- Ms. Nelson previously provided six months' notice of her intent to retire on February 10, 2026.
- Joseph Del Preto assumed the CFO role on March 16, 2026, with Ms. Nelson assisting transition.
- Ms. Nelson meets age 58 and over 10 years of service requirements for retirement treatment.
- Compensation & Talent Committee waived the six-month notice period for her equity awards.
- Outstanding equity awards will be treated under retirement provisions.
- Ms. Nelson will not receive cash payments or severance in connection with her retirement.
Price Impact
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