BILL enters cooperation with Starboard, adds four directors, plans 2026 investor day

BILL Holdings, Inc.

Board expands to 13; Stephen Fisher resigns; Peter Feld and Lee Kirkpatrick join Oct 17; Beth Johnson and Natalie Derse to join after 2025 annual meeting.
Starboard withdraws director nominations; agrees to standstill and voting commitments through 2026 annual meeting.
BILL to hold investor day in H1 2026 to outline long-term financial targets and path to Rule of 40.
CEO Rene Lacerte cites focus on efficiency, durable growth, and value creation. Two directors retiring: Steve Cakebread and Brian Jacobs.

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