Commvault CFO Gary Merrill Resigns; Danielle Abrahamsen Appointed Interim CFO

Commvault Systems, Inc. (NASDAQ: CVLT) announced the resignation of Chief Financial Officer Gary Merrill, effective November 30, 2026. Mr. Merrill notified the company of his departure on November 9, 2026, to pursue an opportunity at another publicly traded company outside the industry. Following his departure, Mr. Merrill will serve as an advisor to Commvault through the end of the company’s fiscal year ending March 31, 2027. The resignation was not associated with any disagreements regarding the company’s accounting principles, financial statement disclosures, internal controls, management, or operations.

On November 13, 2026, the company announced the appointment of Danielle Abrahamsen as Interim Chief Financial Officer and principal financial officer, effective December 1, 2026. Ms. Abrahamsen will continue to serve as the company’s Chief Accounting Officer and principal accounting officer. She has held the Chief Accounting Officer position since August 2023. In connection with her appointment, Ms. Abrahamsen will receive a 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. Additionally, she will receive an equity award with an aggregate target value of approximately $1,500,000, comprised of restricted stock units.

Commvault has entered into an Executive Retention Agreement (ERA) with Ms. Abrahamsen, dated November 12, 2026. The agreement provides for 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 the execution of a release of claims.

The company has also appointed Stan Zlotsky as Senior Vice President of Finance. Mr. Zlotsky brings experience from Pendo.io, Morgan Stanley, and Deutsche Bank. Commvault has engaged Spencer Stuart to assist with the search for a permanent Chief Financial Officer. The company reaffirmed its third quarter and fiscal year 2027 guidance issued on October 27, 2026.