secwatch.observer — SEC 8-K summary
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Issuer:     COMMVAULT SYSTEMS INC (CVLT)
CIK:        0001169561
Form:       8-K
Filed at:   2022-12-05T23:59:59+00:00
Accession:  0001169561-22-000129
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commvault appoints A. Shane Sanders to board and audit committee
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- Board expanded from 10 to 11 members; Sanders appointed effective Dec 2, 2022.
- Sanders is SVP Business Excellence at Verizon and also serves on Danaher's audit committee.
- Appointed to Commvault's Audit Committee; determined independent and audit committee financial expert.
- Will receive prorated director retainer in cash and RSUs per non-employee director policy.
- No arrangements or related-party transactions in connection with his selection.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169561/000116956122000129/0001169561-22-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169561/000116956122000129/cvlt-20221202.htm
  HTML page:      https://secwatch.observer/filing/0001169561-22-000129

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer