Commvault Systems, Inc. filed a Form 8-K on November 13, 2026, disclosing the resignation of Chief Financial Officer Gary Merrill effective November 30, 2026, and the appointment of Danielle Abrahamsen as Interim Chief Financial Officer effective December 1, 2026.

Key Highlights

  • CFO resignation: Gary Merrill notified Commvault on November 9, 2026, that he will resign as Chief Financial Officer effective November 30, 2026, to pursue an opportunity at another publicly traded company outside the industry.
  • Advisory role: Following his departure, Mr. Merrill will serve as an advisor to the Company through the end of the fiscal year ending March 31, 2027.
  • Interim CFO appointment: Danielle Abrahamsen was appointed Interim Chief Financial Officer and principal financial officer, effective December 1, 2026, while continuing as Chief Accounting Officer and principal accounting officer.
  • Interim compensation: Ms. Abrahamsen will receive additional monthly cash compensation of $20,000 through March 31, 2027, and a total cash bonus of $400,000 for the fiscal year ending March 31, 2027.
  • Equity award: Ms. Abrahamsen will also receive an equity award with an aggregate target value of approximately $1,500,000, comprised of restricted stock units, in accordance with the Company's executive plan.
  • Retention agreement: The Company and Ms. Abrahamsen entered into an Executive Retention Agreement dated November 12, 2026, providing for severance benefits including 12 months of base salary and accelerated vesting of equity awards upon certain qualifying terminations, including in connection with a change in control.
  • CFO search initiated: According to the filing, the Company has initiated a comprehensive search for its next chief financial officer.

Commvault Discloses CFO Transition and Interim Leadership Compensation Details

According to the Form 8-K filed with the Securities and Exchange Commission, Commvault Systems, Inc. (NASDAQ:CVLT) reported that Gary Merrill notified the company on November 9, 2026, of his intention to resign as Chief Financial Officer, effective November 30, 2026. The filing states his departure is "to pursue an opportunity at another publicly traded company outside the industry" and that it "was not associated with or attributable to any disagreement with the Company, including without limitation, any matter relating to the Company's accounting principles or practices, financial statement disclosures, internal controls, management or operations."

The filing further discloses that the company appointed Danielle Abrahamsen as Interim Chief Financial Officer and principal financial officer, effective December 1, 2026. Ms. Abrahamsen has served as the Company's Chief Accounting Officer since August 2023 and will retain that role alongside her interim duties. In connection with the appointment, she will receive additional monthly cash compensation of $20,000 through March 31, 2027, a total cash bonus of $400,000 for the fiscal year ending March 31, 2027, and an equity award with an aggregate target value of approximately $1,500,000 in restricted stock units.

The Company and Ms. Abrahamsen also entered into an Executive Retention Agreement dated November 12, 2026. The filing describes the agreement as providing "severance benefits, including 12 months of base salary and accelerated vesting of equity awards, upon certain qualifying terminations of employment, including in connection with a change in control," subject to Ms. Abrahamsen's execution of a release of claims. The company also announced, via a press release furnished as Exhibit 99.1, the appointment of Stan Zlotsky as Senior Vice President, Finance on November 13, 2026.

What Was Disclosed

Commvault's Form 8-K, dated November 13, 2026, reported the resignation of CFO Gary Merrill effective November 30, 2026, the appointment of Danielle Abrahamsen as Interim CFO effective December 1, 2026, and the terms of her interim compensation and an Executive Retention Agreement.