Key Highlights

● Box, Inc. (NYSE:BOX) disclosed that Chief Accounting Officer Eli Berkovitch will depart effective October 23, 2026.

● Berkovitch held accounting and controller titles at Box for eleven and a half years before this departure.

● Cofounder and CFO Dylan Smith will serve as interim principal accounting officer while a replacement is sought.

● The filing rules out any disagreement over financial statements or internal controls as the cause of departure.

Box, Inc. (NYSE:BOX) disclosed in an 8-K filed September 25 that Eli Berkovitch, its Chief Accounting Officer, will leave the company effective October 23, 2026, after eleven and a half years in the role, with CFO Dylan Smith set to serve as interim principal accounting officer while Box searches for a permanent replacement.

The Departure

According to the filing, Berkovitch informed Box of his intention to resign to "pursue other opportunities." The 8-K includes the standard disclaimer that his decision was not the result of "any disagreement with the Company on any matter relating to its financial statements, internal control over financial reporting, operations, policies or practices," language specifically calling out financial-reporting matters, which is notable given his role overseeing the company's accounting function.

Berkovitch has held multiple related titles over his tenure at Box, according to the filing, having served as principal accounting officer, Vice President, Chief Accounting Officer and Controller across his eleven and a half years with the company, a lengthy tenure that predates much of Box's history as a public company.

Interim Coverage

Dylan Smith, Box's Cofounder and Chief Financial Officer, will take on the role of interim principal accounting officer once Berkovitch departs, in addition to continuing his existing CFO responsibilities. The filing does not disclose a timeline for when Box expects to name a permanent Chief Accounting Officer, nor does it describe the search process the company is undertaking to Fill the role.

What Is Not Disclosed

The 8-K does not disclose any severance or separation compensation Berkovitch will receive, nor does it identify what other opportunities he plans to pursue. It also does not address whether any interim organizational changes will be made within the accounting or finance department to support Smith while he holds both the CFO and interim principal accounting officer titles simultaneously.

Why the Specific Disclaimer Language Matters

Companies disclosing the departure of an accounting or finance officer often include language specifically addressing whether the departure relates to financial statements or internal controls, because a departure tied to such issues can carry different implications for investors than one attributed to a disagreement over general operations or policy. Box's filing explicitly rules out a financial-reporting-related disagreement as the cause, a distinction investors in accounting-officer transitions typically look for.

Company Background

Box provides cloud-based content management and collaboration software used by businesses to store, share and manage documents and files, and it trades on the New York Stock Exchange under the ticker BOX from its headquarters in Redwood City, California. Cofounder Dylan Smith has served as CFO for an extended period of the company's public-company history, giving him institutional continuity as he temporarily absorbs the accounting oversight function.

Dual-Hatting a CFO Temporarily

Having a sitting Chief Financial Officer also serve as interim principal accounting officer is a common transitional arrangement at public companies, since the CFO already has direct oversight of the finance organization and typically has the background needed to sign off on the certifications the principal accounting officer role requires under SEC rules. It does, however, mean a single executive is temporarily responsible for both functions until a permanent Chief Accounting Officer is named, a period during which the filing gives no indication of how long the company expects that dual arrangement to last.

Timeline for a Permanent Successor

The effective departure date is October 23, 2026. Investors should watch for Box's announcement of a permanent Chief Accounting Officer hire, and for any disclosure in the company's upcoming Quarterly Report regarding how the transition affected its financial-close process or internal control certifications during the interim period when Smith holds both roles.