Short answer
COMMVAULT SYSTEMS INC (CVLT) filed an 8-K current report with the SEC on April 13, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure). Gary Merrill became CFO on April 13, 2026, transitioning from Chief Commercial Officer and adding senior finance leadership.
COMMVAULT SYSTEMS INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Gary Merrill became CFO on April 13, 2026, transitioning from Chief Commercial Officer and adding senior finance leadership
- Merrill compensation: $500,000 salary, $500,000 target annual incentive, approximately $6,000,000 initial equity awards
- Geoff Haydon became President of Customer and Field Operations and resigned as a director without reported disagreement
- Haydon compensation: $500,000 salary, 100% target annual incentive, approximately $10,500,000 initial equity awards
- Haydon eligible for additional $5,000,000 equity grants in May 2027 and May 2028, subject to Compensation Committee approval
Item 7.01 · Regulation FD Disclosure
- Press release announces appointments of Mr. Merrill and Mr. Haydon effective on the filing date
- Exhibit 99.1 contains appointment details, including roles and potential leadership implications
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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