secwatch.observer — SEC 8-K summary
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Issuer:     COMMVAULT SYSTEMS INC (CVLT)
CIK:        0001169561
Form:       8-K
Filed at:   2026-04-13T23:59:59+00:00
Accession:  0001169561-26-000008
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commvault appoints Gary Merrill as CFO, Geoff Haydon as President of Customer & Field Ops
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- Gary Merrill appointed CFO effective April 13, 2026; annual base salary $500,000, target bonus $500,000.
- Geoff Haydon appointed President of Customer & Field Operations; resigns from Board with no disagreement.
- Haydon receives sign-on equity of ~$5.5M and annual grant target of $5M in May 2027 and 2028.
- Merrill receives sign-on equity of ~$1M and ongoing equity target of ~$5M (RSUs, PSUs, TSR PSUs).
- Haydon enters Executive Retention Agreement with 12-month severance including equity acceleration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169561/000116956126000008/0001169561-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169561/000116956126000008/cvlt-20260408.htm
  HTML page:      https://secwatch.observer/filing/0001169561-26-000008

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