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AI brief of an SEC Form 8-K · CommVault Systems (CVLT)

Commvault agrees to sell its New Jersey headquarters for $36 million

Neutral Impact 2 of 5 m&a Written later

Commvault Systems entered into a Purchase and Sale Agreement on October 2, 2024, to sell its corporate headquarters in Tinton Falls, New Jersey, to Somerset Development, LLC for $36 million. Closing is subject to customary conditions and is expected in the second half of Commvault's fiscal year. The filing does not describe the financial effect of the sale on Commvault's results.

Key points

  • Buyer: Somerset Development, LLC; agreement dated October 2, 2024
  • Sale price for One Commvault Way, Tinton Falls, New Jersey: $36,000,000
  • Closing expected in the second half of Commvault's fiscal year, subject to customary conditions
  • Certain exhibits omitted under Regulation S-K Item 601(a)(5); copies available on request

The filing

CompanyCommVault Systems (CVLT)
Form8-K, current report
Filed with the SECOct 3, 2024, 6:00 PM ET
Accession number0001169561-24-000128

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing 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 03, 2024.

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