Salesforce, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Salesforce, Inc. on April 14, 2005. The report discloses a material definitive agreement regarding executive compensation approved by the Compensation Committee of the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a specific personnel compensation adjustment.
Material Changes
The primary material change disclosed is an increase in the annual base salary of Steve Cakebread, the Chief Financial Officer. The salary was increased from $250,000 to $300,000. This adjustment was made effective as of February 1, 2005.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, outlook, risks, contingencies, or unusual items beyond the specific salary adjustment noted above.
Key Facts for Investor Verification
- Effective date of the CFO salary increase: February 1, 2005.
- New annual base salary for CFO Steve Cakebread: $300,000.
- Prior annual base salary for CFO Steve Cakebread: $250,000.
- Approval authority: Compensation Committee of the Board of Directors.