Commvault appoints David Morton Jr. to its board
Morton is eligible for a prorated annual director retainer consisting of cash and restricted stock units.
Rhea-AI Filing Summary
Commvault Systems, Inc. appointed David Morton, Jr. to its board on September 22, 2026, to serve until the company’s 2027 Annual Meeting of Stockholders. He was also appointed Chairperson of the Operating Committee, and the board determined he is independent under Nasdaq listing standards.
Morton has served as Executive Vice President and CFO of Intapp since 2023. He previously held the same title at DigiCert from 2021 to 2023 and Anaplan from 2018 to 2021, and served as EVP and CFO of Seagate from 2015 to 2018. He is eligible for an annual director retainer consisting of cash and restricted stock units, prorated for his partial-year term.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Board appointment date: September 22, 2026
Board term: Until the 2027 Annual Meeting of Stockholders
Intapp EVP and CFO service: Since 2023
3 metrics
Board appointment date
September 22, 2026
David Morton, Jr. appointed to the board
Board term
Until the 2027 Annual Meeting of Stockholders
Term stated for David Morton, Jr.
Intapp EVP and CFO service
Since 2023
David Morton, Jr.’s current role
Key Terms
restricted stock units, non-employee director compensation policy, director indemnification agreement, Nasdaq listing standards
4 terms
restricted stock units financial
"retainer consisting of cash and restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
non-employee director compensation policy financial
"in accordance with Commvault’s non-employee director compensation policy"
director indemnification agreement regulatory
"entered into a director indemnification agreement with Commvault"
Nasdaq listing standards regulatory
"independent within the meaning of the listing standards of Nasdaq"
Nasdaq listing standards are the set of rules a company must meet to be admitted to and remain on the Nasdaq stock market, covering financial thresholds (like minimum share price and earnings), reporting and disclosure, and board and governance practices. They matter to investors because meeting these standards signals a baseline of financial health and transparency, reduces the risk of sudden delisting, and helps ensure a market with enough buyers and sellers—like a safety checklist that keeps the trading venue orderly and trustworthy.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who did CVLT appoint to its board?
Commvault appointed David Morton, Jr. to its board on September 22, 2026, and named him Chairperson of the Operating Committee. His board term runs until the 2027 Annual Meeting of Stockholders.
What compensation is David Morton eligible to receive from CVLT?
Morton is eligible for an annual director retainer consisting of cash and restricted stock units. The retainer is prorated to reflect his partial-year term and is provided under Commvault’s non-employee director compensation policy.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 22, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
(732 ) 870-4000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Director Appointment
On September 22, 2026, Mr. David Morton, Jr. was appointed to the board of directors (the “Board”) of Commvault Systems, Inc. (the “Company” or “Commvault”), to hold office until the Company’s 2027 Annual Meeting of Stockholders. Mr. Morton was also appointed as a member and designated as Chairperson of the Operating Committee.
Mr. Morton’s experience as a public company CFO of SaaS and cybersecurity businesses provides significant value to our Board. He has served as Executive Vice President and CFO (together, “EVP and CFO”) of Intapp, Inc., a publicly traded SaaS company, since 2023. Previously, he held the same title at DigiCert, Inc., a digital security company, from 2021 to 2023, and at Anaplan, Inc., a SaaS company, from 2018 to 2021. Before Anaplan, Mr. Morton spent over two decades at Seagate Technology plc, where he held progressively more senior finance and operational leadership roles, ultimately serving as EVP and CFO from 2015 to 2018.
Mr. Morton is eligible to receive an annual director retainer consisting of cash and restricted stock units, each in accordance with Commvault’s non-employee director compensation policy, prorated to reflect his partial year term as a director. Commvault’s non-employee director compensation policy is described under the heading “Director Compensation” on page 22 of Commvault’s definitive proxy statement on Schedule 14A for its 2026 Annual Meeting of Stockholders, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 24, 2026, and which is incorporated by reference herein. Mr. Morton has entered into a director indemnification agreement with Commvault, the form of which is filed as Exhibit 10.3 to Commvault’s Annual Report on Form 10-K for the fiscal year ended March 31, 2022, and which is incorporated by reference herein.
In connection with this appointment, the Board determined that Mr. Morton is independent within the meaning of the listing standards of Nasdaq. There is no arrangement or understanding between Mr. Morton and any person pursuant to which he was selected as a director of Commvault. There are no transactions in which Mr. Morton has an interest requiring disclosure under Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
The Company issued a press release announcing the appointment of Mr. Morton on September 24, 2026. A copy of the press release is furnished as Exhibit 99.1 hereto.
This information is being furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into filings under the Securities Act of 1933.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit No. | Description | ||||
99.1 | Press Release dated September 24, 2026. | ||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in the Inline XBRL document). | ||||
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COMMVAULT SYSTEMS, INC.
| Date: | September 24, 2026 | /s/ Danielle Sheer | ||||||
| Name: Danielle Sheer Title: Chief Trust Officer | ||||||||
3
Media Contact: | Investor Relations Contact: | ||||
| Andrea Duffy | Michael J. Melnyk, CFA | ||||
| Commvault | Commvault | ||||
646-295-5241 andreaduffy@commvault.com | 646-522-6160 mmelnyk@commvault.com | ||||
Commvault Appoints David Morton to Board of Directors
TINTON FALLS, N.J. – September 24, 2026 – Commvault (NASDAQ: CVLT), a leader in unified resilience at enterprise scale, today announced the appointment of David Morton to its Board of Directors, effective immediately. Morton will also serve as Chairperson of the Operating Committee.
Morton currently serves as Executive Vice President and Chief Financial Officer of Intapp, a governed AI platform for professional firms in highly regulated industries. Morton has also held senior financial leadership roles at DigiCert, Anaplan, and Seagate Technology. Throughout his career, Morton has helped technology companies navigate market shifts, scale operations, and deliver disciplined growth in rapidly evolving technology environments. He also brings expertise spanning SaaS, cybersecurity, and data infrastructure.
“David’s extensive financial expertise and distinguished career across a host of respected SaaS, data security, and technology firms will be an invaluable addition to Commvault’s board as the company continues to advance its leadership in cyber resilience,” said Nicholas Adamo, Chairperson of the Board, Commvault.
“Commvault has built a platform that earns customer trust at the moment it matters most. With an expanding portfolio that continues to evolve across cyber resilience and AI recovery, I look forward to contributing to the next chapter," said Morton.
About Commvault
Commvault (NASDAQ: CVLT) is a leader in unified resilience at enterprise scale. In a constantly evolving threat landscape, Commvault keeps customers ready by unifying data security, identity resilience, and cyber recovery, on one cloud-native, AI-enabled platform. Customers trust Commvault to conduct the fastest, most complete recoveries – not just their data, but their entire business. Purpose-built for the agentic enterprise, Commvault also enables organizations to safely embrace AI while protecting against AI-driven threats.
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