BILL Holdings Appoints New Directors, CEO Gets New Contract
Ticker: BILL · Form: 8-K · Filed: Oct 8, 2025 · CIK: 1786352
| Field | Detail |
|---|---|
| Company | Bill Holdings, Inc. (BILL) |
| Form Type | 8-K |
| Filed Date | Oct 8, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation, board-of-directors
Related Tickers: BILL
TL;DR
BILL Holdings adds new board members and locks in CEO René Lacerte with a new contract.
AI Summary
BILL Holdings, Inc. announced on October 2, 2025, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Ms. Sarah Friar and Mr. Jeffrey H. Miller, and appointed Mr. Miller as the new Chair of the Board, effective October 2, 2025. Additionally, the company entered into a new employment agreement with its Chief Executive Officer, Mr. René A. Lacerte, which includes a base salary of $650,000 and potential performance-based bonuses.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.
Risk Assessment
Risk Level: medium — Changes in leadership and executive compensation can introduce uncertainty regarding future strategy and execution.
Key Numbers
- $650,000 — CEO Base Salary (New base salary for CEO René A. Lacerte under his employment agreement.)
Key Players & Entities
- BILL Holdings, Inc. (company) — Registrant
- Sarah Friar (person) — Newly Elected Director
- Jeffrey H. Miller (person) — Newly Elected Director and Chair of the Board
- René A. Lacerte (person) — Chief Executive Officer
- $650,000 (dollar_amount) — CEO's new base salary
- October 2, 2025 (date) — Effective date of board changes and new employment agreement
FAQ
Who were the new directors appointed to the board of BILL Holdings, Inc.?
Ms. Sarah Friar and Mr. Jeffrey H. Miller were elected as new directors.
What is the new role for Mr. Jeffrey H. Miller?
Mr. Jeffrey H. Miller was appointed as the new Chair of the Board.
What is the effective date of these board changes?
The changes were effective as of October 2, 2025.
What is the new base salary for CEO René A. Lacerte?
Mr. René A. Lacerte's new base salary is $650,000.
What other compensation is mentioned for the CEO?
The filing mentions potential performance-based bonuses for Mr. René A. Lacerte.
Filing Stats: 428 words · 2 min read · ~1 pages · Grade level 12 · Accepted 2025-10-08 16:15:10
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 par value BILL The New York Stock E
Filing Documents
- d42054d8k.htm (8-K) — 22KB
- 0001193125-25-234528.txt ( ) — 132KB
- bill-20251002.xsd (EX-101.SCH) — 3KB
- bill-20251002_lab.xml (EX-101.LAB) — 18KB
- bill-20251002_pre.xml (EX-101.PRE) — 11KB
- d42054d8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BILL HOLDINGS, INC. Date: October 8, 2025 By: /s/ John Rettig John Rettig President and Chief Operating Officer