Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Bill (BILL)

BILL adds two directors, including Starboard Value's Peter Feld, expanding board to 13

Neutral Impact 3 of 5 leadership Written later

BILL Holdings expanded its board from 12 to 13 members on October 17, 2025, and appointed Peter A. Feld and Lee Kirkpatrick as Class II directors. The appointments follow a Cooperation Agreement with Starboard Value LP dated October 15, 2025, under which Feld is a Starboard managing member, giving the activist investor's representative a seat on the board.

Key points

  • Board increased from 12 to 13 directors; Peter A. Feld and Lee Kirkpatrick appointed as Class II directors, terms expiring at the 2027 annual meeting.
  • Feld joins the Nominating and Corporate Governance Committee; Kirkpatrick joins the Audit Committee and becomes Audit Committee Chair after the 2025 annual meeting.
  • Feld is Managing Member, Portfolio Manager and Head of Research of Starboard Value LP; Kirkpatrick was CFO of Twilio from 2012 to 2018.
  • The Cooperation Agreement with Starboard Value LP was previously reported in an October 16, 2025 Form 8-K.

The filing

CompanyBill (BILL)
Form8-K, current report
Filed with the SECOct 20, 2025, 4:08 PM ET
Accession number0001628280-25-045516

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 20, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.