COMMVAULT SYSTEMS INC

Commvault Systems, Inc. announced its Annual Meeting of Stockholders will be held virtually on August 6, 2026. Stockholders will vote on the election of seven directors, an advisory resolution on executive compensation, the ratification of Ernst & Young LLP as independent auditors, and the approval of the 2026 Equity Plan. The company reported strong fiscal 2026 results, with total revenue growing 19% to $1.184 billion and total annual recurring revenue reaching $1.122 billion. Additionally, Commvault returned $446 million to stockholders through share repurchases.

Commvault Systems, Inc. filed its Form 10-K for the fiscal year ended March 31, 2026, detailing its business operations and executive leadership. The company focuses on cyber resiliency solutions delivered through its Commvault Cloud platform, which unifies data security, cyber recovery, and identity resilience across various environments. Key executive appointments include Gary Merrill as CFO and William Geoffrey Haydon as President of Customer and Field Operations, both effective April 2026.

Commvault announced strong financial results for Q4 and full fiscal year 2026, meeting all guided metrics. Q4 total revenues grew 13% to $312 million, with SaaS revenue up 43%. For the full year, total revenues increased 19% to $1.18 billion, and total ARR grew 21% to $1.12 billion. The company also provided positive guidance for Q1 and full fiscal year 2027, anticipating continued growth in subscription revenue and free cash flow.

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.