EverCommerce appoints Amy Shenkan to its board

EverCommerce Inc. (NASDAQ:EVCM), a leading service commerce platform with annual revenue of $703 million, announced the appointment of Amy Guggenheim Shenkan to its Board of Directors as a Class II director, effective May 17, 2025. This strategic addition was disclosed in a recent filing with the Securities and Exchange Commission.

Shenkan, whose expertise and background details were not disclosed in the filing, will also serve on the company’s Audit Committee. She will be compensated in accordance with EverCommerce’s Non-Employee Director Compensation Program. This includes an annual retainer of $55,000 for her board service, an additional $20,000 for her Audit Committee role, and an initial equity award of restricted stock units valued at $300,000. These units are set to vest fully on May 17, 2026, contingent upon her continued service on the board. According to InvestingPro data, the company maintains a healthy financial position with a current ratio of 2.29, indicating strong liquidity.

The company also plans to enter into its standard form of indemnification agreement with Shenkan, a common practice to protect directors in their decision-making roles.

EverCommerce, headquartered in Denver, Colorado, specializes in providing business management software, marketing services, and customer retention solutions. While the company’s stock has experienced a recent decline of 9% over the past week, InvestingPro analysis suggests the stock is currently undervalued. The company’s choice to expand its board with Shenkan’s appointment comes as part of its ongoing governance and oversight strengthening efforts. For detailed insights and additional ProTips about EverCommerce’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.

The information for this article is based on a press release statement.

In other recent news, EverCommerce Inc. reported its first-quarter 2025 financial results, surpassing market expectations. The company achieved an adjusted EBITDA of $44.9 million, exceeding the consensus estimate of $40.3 million, and reported a pro forma revenue of $142.3 million, which also topped the forecast of $139.5 million. This performance reflects a year-over-year revenue increase of 7%, although it marks a slight deceleration from the previous quarter. Both Citizens JMP and Oppenheimer have maintained their positive outlook on EverCommerce, with the former setting a price target of $15 and the latter at $12, highlighting their confidence in the company’s strategic direction and financial strength.

The payments segment of EverCommerce showed a notable year-over-year growth of 8.4%, albeit a minor slowdown from the prior quarter. Despite revenue growth being under 10%, analysts have noted the company’s strong profitability metrics, with a record EBITDA margin and robust cash generation. The company’s strategic focus includes AI integration and product innovation, which are expected to further enhance its offerings and operational efficiency. For the second quarter of 2025, EverCommerce has provided revenue guidance between $144.5 million and $147.5 million, with adjusted EBITDA expected to range from $39.5 million to $41.5 million. The company’s focus on transformation and optimization strategies is anticipated to set the stage for accelerated growth and higher margins by 2026, according to Oppenheimer analysts.

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