---
schema_version: "secwatch.filing_event.v1"
accession: "0001169561-24-000128"
form_type: "8-K"
ticker: "CVLT"
cik: "0001169561"
company_name: "COMMVAULT SYSTEMS INC"
filed_at: "2024-10-04T23:59:59+00:00"
generated_at: "2026-05-30T19:49:23.754412+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Commvault sells corporate HQ for $36M to Somerset Development, leaseback planned

## Summary
- Purchase price $36M; buyer Somerset Development LLC; closing expected in H2 FY2025.
- Initial deposit of $1.5M, with $25K non-refundable; balance held in escrow.
- Seller retains ownership of data center equipment and generators; leaseback lease agreed.
- Buyer accepts property 'as-is'; Seller makes limited representations and warranties.
- Transaction subject to customary closing conditions; no financing contingency for buyer.

## SEC filing metadata
- accession: 0001169561-24-000128
- form_type: 8-K
- ticker: CVLT
- cik: 0001169561
- company_name: COMMVAULT SYSTEMS INC
- filed_at: 2024-10-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169561/000116956124000128/0001169561-24-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169561/000116956124000128/cvlt-20241002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169561-24-000128
- JSON: https://secwatch.observer/filing/0001169561-24-000128.json
- Plain text: https://secwatch.observer/filing/0001169561-24-000128.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.