CommVault Systems Inc.
10/04/2024 | Press release | Distributed by Public on 10/04/2024 04:01
Material Agreement Form 8 K
Item 1.01 Entry into a Material Definitive Agreement
On October 2, 2024, Commvault Systems, Inc. ("Commvault") and Somerset Development, LLC entered into a Purchase and Sale Agreement (the "Agreement") for the sale of Commvault's corporate headquarters located at One Commvault Way, Tinton Falls, New Jersey (the "Property") for $36,000,000. Consummation of the sale is subject to customary closing conditions, with a closing expected in the second half of Commvault's fiscal year.
A copy of the Agreement is included as Exhibit 10.1. The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement, which is incorporated herein by reference.