Business Context and Reporting Period
This Form 8-K was filed by Salesforce, Inc. on March 29, 2013. The report discloses the awarding of cash bonuses to named executive officers for fiscal year 2013 performance, covering the period from February 1, 2012, to January 31, 2013.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on executive compensation.
| Named Executive Officer | Position | Bonus Amount (March 29, 2013) |
|---|---|---|
| Marc Benioff | Chairman of the Board and CEO | $927,000 |
| Graham Smith | EVP and CFO | $309,000 |
| Parker Harris | Co-Founder | $309,000 |
| George Hu | COO | $309,000 |
| Burke Norton | EVP and Chief Legal Officer | $309,000 |
| Frank van Veenendaal | Vice Chairman | $370,800 |
Note: These amounts are net of mid-year bonus payouts made on September 28, 2012.
Material Changes
The filing reports a specific compensatory event rather than a change in financial performance. The bonuses were approved by the Compensation Committee based on the achievement of specific corporate and individual goals during the fiscal year.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on future operations, or discussion of risks and contingencies. The text does not provide a clear value for any financial projections.
Investor Verification Checklist
- Verify the total compensation package for each named executive officer by adding the mid-year bonuses paid on September 28, 2012, to the amounts listed in this filing.
- Review the Company's Proxy Statement on Schedule 14A (filed May 8, 2012) to understand the specific corporate and individual goals used to calculate these bonuses.
- Confirm that the bonus plan terms align with the company's overall compensation strategy as disclosed in annual reports.