Bill Holdings Inc.
10/20/2025 | Press release | Distributed by Public on 10/20/2025 16:49
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers..
On October 17, 2025, the Board of Directors (the "Board") of BILL Holdings, Inc. (the "Company") increased the size of the Board from 12 to 13 directors and appointed Peter A. Feld and Lee Kirkpatrick as Class II directors of the Company (collectively, the "Directors"), with each of their terms expiring at the 2027 annual meeting of the Company's stockholders and until such director's successor shall have been duly elected and qualified, or until such director's earlier death, resignation, disqualification, or removal.
Mr. Feld has been appointed to the Nominating and Corporate Governance Committee of the Board. Mr. Kirkpatrick has been appointed to the Audit Committee of the Board and, immediately following the 2025 annual meeting of the Company's stockholders, will become the Chair of the Audit Committee.
Mr. Feld is a Managing Member, Portfolio Manager and Head of Research of Starboard Value LP since April 2011, with significant experience in corporate finance, corporate governance, and capital markets. Prior to founding Starboard in 2011, Mr. Feld was a Managing Director and Head of Research at Ramius LLC for funds that comprised the Value and Opportunity investment platform. Prior to joining Ramius in February 2005, Mr. Feld was an analyst in the Technology Investment Banking group at Banc of America Securities LLC. Mr. Feld currently serves on the Board of Qorvo, Inc., an American semiconductor company that designs, manufactures, and supplies radio-frequency systems for applications. Mr. Feld received a B.A. degree in Economics from Tufts University.
Mr. Kirkpatrick is a technology industry veteran, having served as Chief Financial Officer at Twilio from 2012-2018, where he led the company through its IPO and several strategic acquisitions to expand cloud and software offerings. Prior to that, he held senior executive roles at a number of companies, including SAY Media, VideoEgg, Kodak Imaging Network, Ofoto, iOwn and HyperParallel. Mr. Kirkpatrick has served as a director at multiple public and private companies, and currently serves as an independent board member at Spreedly and independent board member and Audit Chair at Updater. He holds a B.S. in Business Administration from the University of Southern California and an M.B.A. in Finance from Columbia University.
The Company previously reported the entry into a Cooperation Agreement, dated as of October 15, 2025, between the Company and Starboard Value LP, and filed as Exhibit 10.1 the Company's Current Report on Form 8-K filed on October 16, 2025 (the "Cooperation Agreement"). As of the date hereof, other than the Cooperation Agreement, there is no arrangement or understanding between the Directors and any other person pursuant to which the Directors were selected. Neither of the Directors has any direct or indirect material interest in any transaction required to be disclosed under Item 404(a) of Regulation S-K.
The Directors will enter into the Company's form of Indemnification Agreement, which is attached as Exhibit 10.1 to the Company's Registration Statement on Form S-1 filed with the Commission on November 15, 2019 (File No. 333-234730).
Bill Holdings Inc. published this content on October 20, 2025, and is solely responsible for the information contained herein. Distributed via EDGAR on October 20, 2025 at 22:49 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]