---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-240860"
form_type: "8-K"
ticker: "BILL"
cik: "0001786352"
company_name: "BILL Holdings, Inc."
filed_at: "2025-10-16T23:59:59+00:00"
generated_at: "2026-05-17T03:35:07.504075+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-240860
- form_type: 8-K
- ticker: BILL
- cik: 0001786352
- company_name: BILL Holdings, Inc.
- filed_at: 2025-10-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786352/000119312525240860/0001193125-25-240860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786352/000119312525240860/d64649d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-240860
- JSON: https://secwatch.observer/filing/0001193125-25-240860.json
- Plain text: https://secwatch.observer/filing/0001193125-25-240860.txt

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