Total Compensation of Main Executives of Commvault in FY20

Salary+compensation of executives generally follow the trend in financial results of their companies. For Commvault, the record was $18 million for former CEO and COB Bob Hammer in 2019, tripling from 2018. New president and CEO Sanjay Mirchandani since February 2019, replacing Hammer leading company for more than two decades, got $11.9 million in 2019 and then $6.1 million in 2020, as company was shrinking with sales down 9% Y/Y in FY20 and 7% Q/Q with bad outlook for 1FQ21.

In a SEC filing (page 35), Commvault Systems, Inc. published the compensation during the FY18, FY19 and FY20 ended March 31 earned by both individuals who served as principal executive officer and its principal financial officer. We added the figure for FY17.

Name Name and Position	Fiscal Year	Salary	Total Compensation	FY19/FY20 Growth
Sanjay Mirchandani, president and CEO*	2019	$76,923	$11,918,017	NA
	2020	$500,000	$6,097,515	*-49%*
Brian Carolan, VP and CFO **	2017	$391,000	$2,287,691	NA
	2018	$397,000	$2,457,140	7%
	2019	$397,000	$2,527,103	3%
	2020	$397,000	$2,591,814	3%
Riccardo Di Blasio, VP and CRO ***	2020	$3580,385	$2,176,259	NA

* Mirchandani’s other annual compensation in FY20 included a monthly housing and travel allowance of $15,000 per month for a total of $180,000, relocation reimbursement and a one-time, lump sum set-up and transition reimbursement of approximately $162,171 and $5,600 related to his 401(k) plan company matching contributions.
** Carolan’s other annual compensation in FY20 included transportation related costs of $4,590 and 401(k) plan company matching contributions of $5,600.
*** Di Blasio’s other annual compensation in FY20 included 401(k) plan company matching contributions of $5,292.

Read also:
Commvault: Fiscal 4Q20 Financial Results
Impacted by Covid-19, company shrinking with sales down 9% Y/Y and 7% Q/Q, bad outlook for 1FQ21 [with our comments]
May 13, 2020 | Press Release
Compensations of Main Executives of Commvault
$18 million for former CEO and COB Bob Hammer in 2019, tripling from 2018
by Jean Jacques Maleval | July 5, 2019 | News
Total Compensation of Commvault’s Executive Officers
$6,234,464 for COB and CEO Bob Hammer, down 15% Y/Y
by Jean Jacques Maleval | October 19, 2018 | News
Salaries of Main Executives of Commvault for FY17
$619,000 and total compensation of $7,333,692 (up 126% Y/Y) for CEO Hammer
by Jean Jacques Maleval | July 7, 2017 | News
Total Compensation of Main Commvault Executives
$3,239,908 for CEO Bob Hammer in 2016, down 36% Y/Y
by Jean Jacques Maleval | July 5, 2016 | News
Total Compensation of Main CommVaut’s Executives in FY15
5,103,260 for CEO Bob Hammer, down 61% from FY14
July 13, 2015 | Press Release
Total Compensation of CommVault’s Executives
$3,362,282 for CEO Bob Hammer this year, +57% compared to 2010
by Jean Jacques Maleval | July 11, 2011 | News
Total Compensation of CommVault’s Executives
$2,145,950 for CEO Bob Hammer this year
July 12, 2010 | In Brief