COMMVAULT SYSTEMS, INC. (NASDAQ:CVLT) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.Entry into a Material Definitive Agreement
On August 1, 2018, Commvault Systems, Inc. (the “Company”) entered into Amendment No. 1 (the “Amendment”) to the Rights Agreement (the “Rights Agreement”), dated as of November 14, 2008, by and between the Company and Computershare Trust Company, N.A. (as successor to Registrar and Transfer Company), as rights agent. Capitalized terms used herein but not otherwise defined shall be ascribed the meanings given to such terms in the Rights Agreement.
The Amendment accelerates the expiration of the Rights from 5:00 p.m., New York City time on November 14, 2018 to 5:00 p.m., New York City time, on August 1, 2018, and has the effect of terminating the Rights Agreement on that date. At such time, all of the Rights distributed to the holders of the Company’s common stock to the Rights Agreement will expire.
The foregoing is a summary of the terms of the Amendment. The summary does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is attached as Exhibit 4.1 and is incorporated herein by reference.
Item 1.02.Termination of a Material Definitive Agreement
The information set forth under Item 1.01 is incorporated herein by reference.
Item 3.03.Material Modification to Rights of Security Holders
The information set forth under Item 1.01 is incorporated herein by reference.
Item 8.01.Other Events
On August 1, 2018, the Company issued a press release announcing entry into the Amendment. A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits
(d) Exhibits
Exhibit No.Description
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Amendment No. 1 to Rights Agreement, dated as of August 1, 2018, by and between Commvault Systems, Inc. and Computershare Trust Company, N.A. (as successor to Registrar and Transfer Company), as rights agent. |
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Press Release of Commvault Systems, Inc., dated August 1, 2018. |
COMMVAULT SYSTEMS INC ExhibitEX-4.01 2 commvault-rightsplanamendm.htm EXHIBIT 4.01 Exhibit EXECUTION VERSIONAMENDMENT NO. 1 TORIGHTS AGREEMENTThis AMENDMENT NO. 1 TO RIGHTS AGREEMENT (this “Amendment”) is dated as of August 1,…To view the full exhibit click here
About COMMVAULT SYSTEMS, INC. (NASDAQ:CVLT)
CommVault Systems, Inc. (CommVault) is a provider of data and information management software applications and related services. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud-based infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data, and policy-based data management.
