Management ChangeApr 13, 2026, 08:36 AM
Commvault Systems Signs Executive Retention Agreement with Geoff Haydon
AI Summary
Commvault Systems, Inc. entered into an Executive Retention Agreement with Geoff Haydon, effective April 13, 2026. The agreement aims to secure Haydon's continued services and provides severance benefits if his employment is terminated under specific circumstances, particularly following a change in control. It defines conditions for 'CIC Qualifying Termination' and 'Good Reason' for the executive to terminate employment.
Key Highlights
- Agreement effective April 13, 2026, with Geoff Haydon.
- Provides severance benefits upon termination under specific conditions.
- Defines 'CIC Qualifying Termination' within 24 months post-Change in Control.
- Outlines 'Good Reason' for executive termination, including material reduction in title/duties or compensation.
Price Impact
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