Commvault Systems Announces CFO Departure, Appoints Interim
Ticker: CVLT · Form: 8-K · Filed: May 15, 2024 · CIK: 1169561
| Field | Detail |
|---|---|
| Company | Commvault Systems Inc (CVLT) |
| Form Type | 8-K |
| Filed Date | May 15, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-election
Related Tickers: CVLT
TL;DR
Commvault CFO out, interim in. New board members elected.
AI Summary
Commvault Systems, Inc. announced on May 15, 2024, the departure of its Chief Financial Officer, Brian Carolan, effective immediately. The company has appointed Charlotte Considine as interim CFO. Additionally, the company announced the election of two new directors, Robert P. Liscouski and David J. West, to its Board of Directors.
Why It Matters
The sudden departure of a CFO can signal internal challenges or strategic shifts, while the appointment of new directors may indicate changes in board oversight or strategy.
Risk Assessment
Risk Level: medium — A CFO departure and board changes can introduce uncertainty regarding financial strategy and leadership stability.
Key Players & Entities
- Commvault Systems, Inc. (company) — Registrant
- Brian Carolan (person) — Departing Chief Financial Officer
- Charlotte Considine (person) — Interim Chief Financial Officer
- Robert P. Liscouski (person) — Newly Elected Director
- David J. West (person) — Newly Elected Director
- May 15, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the interim Chief Financial Officer of Commvault Systems, Inc.?
Charlotte Considine has been appointed as the interim Chief Financial Officer.
When did Brian Carolan's departure as CFO become effective?
Brian Carolan's departure as CFO was effective immediately as of May 15, 2024.
How many new directors were elected to Commvault's Board of Directors?
Two new directors, Robert P. Liscouski and David J. West, were elected.
What is the principal executive office address for Commvault Systems, Inc.?
The address is 1 Commvault Way, Tinton Falls, New Jersey 07724.
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant is COMMVAULT SYSTEMS, INC.
Filing Stats: 542 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-05-15 16:08:47
Filing Documents
- cvlt-20240515.htm (8-K) — 24KB
- cvlt-20240515_g1.jpg (GRAPHIC) — 207KB
- 0001169561-24-000044.txt ( ) — 634KB
- cvlt-20240515.xsd (EX-101.SCH) — 2KB
- cvlt-20240515_lab.xml (EX-101.LAB) — 21KB
- cvlt-20240515_pre.xml (EX-101.PRE) — 12KB
- cvlt-20240515_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits: Exhibit No. Description 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COMMVAULT SYSTEMS, INC. Dated: May 15, 2024 /s/ Danielle Sheer Danielle Sheer Chief Legal and Trust Officer 3