Business Context and Reporting Period
This Form 8-K Current Report was filed by CommVault Systems, Inc. on October 30, 2012, covering events that occurred on October 25, 2012. The filing addresses Item 5.02 regarding the departure of certain officers and the appointment of new officers to the Company's finance leadership team.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is a restructuring of the Company's senior finance leadership effective October 25, 2012:
- Appointment of Senior Vice President of Finance: Louis F. Miceli (age 63) was appointed to this role. He previously served as Senior Vice President and Chief Financial Officer from April 2011 to October 2012, and as Vice President and Chief Financial Officer from April 1997 to March 2011.
- Appointment of Chief Financial Officer: Brian Carolan (age 41) was appointed as Vice President, Finance - Chief Financial Officer. He previously served as Vice President, Finance - Chief Accounting Officer (July 2006 to October 2012) and Controller (February 2001 to July 2006).
- Appointment of Chief Accounting Officer: Gary Merrill (age 37) was appointed as Vice President, Finance - Chief Accounting Officer. He previously served as Controller (September 2007 to October 2012) and Assistant Controller (December 2005 to September 2007).
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items. The document is limited to the disclosure of executive appointments.
Key Facts for Investor Verification
- Verify the effective date of the leadership transition (October 25, 2012).
- Confirm the new reporting structure where Louis F. Miceli leads as Senior Vice President of Finance while Brian Carolan assumes the CFO title.
- Note that all three appointed officers are Certified Public Accountants (CPAs) with prior experience at major audit firms (Ernst & Young, Arthur Andersen) and within CommVault.