Item 1.01 Entry into a Material Definitive Agreement
OnJanuary 31, 2023 Commvault System, Inc. ("Commvault") andAshling Development, LLC entered into a Purchase and Sale Agreement (the "Agreement") for the sale ofCommvault's corporate headquarters located atOne Commvault Way ,Tinton Falls, New Jersey (the "Premises") for a purchase price of$40,000,000 . Consummation of the sale is subject to customary closing conditions.Commvault believes that the sale will likely close in the first half of fiscal 2024. Upon closing of the transaction,Commvault plans to enter into a lease for a portion of the Premises. A copy of the Agreement is included as Exhibits 10.1 and 10.2. 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.
Item 2.02 Results of Operations and Financial Condition
OnJanuary 31, 2023 ,Commvault issued a press release announcing its results for its third fiscal quarter endedDecember 31, 2022 . A copy of the press release is attached hereto as Exhibit 99.1. This information is being furnished pursuant to Item 2.02 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into filings under the Securities Act of 1933.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
Exhibit No. Description 10.1* Purchase and Sale Agreement by and between
LLC with an effective date ofJanuary 31, 2023 10.2* Purchase and Sale Agreement by and between
LLC with an effective date ofJanuary 31, 2023 99.1 Press Release datedJanuary 31, 2023 104 Cover Page Interactive Data File (formatted as
inline XBRL and contained in
the Inline XBRL document) *Certain exhibits to this agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted exhibit will be furnished as a supplement to theSecurities and Exchange Commission upon request. 2
--------------------------------------------------------------------------------
© Edgar Online, source