Business Context and Reporting Period
Company: Salesforce, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 10, 2005
Event: Entry into a Material Definitive Agreement (Fifth Amendment to Office Lease).
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 contractual agreement regarding real estate.
Material Changes
On March 10, 2005, the Company entered into the Fifth Amendment to its Office Lease with TMG/One Market, L.P. for its headquarters at The Landmark@One Market in San Francisco. Key changes include:
- Incorporation of space currently subleased from Vignette Corporation upon the occurrence of certain conditions.
- Elimination of certain space previously abandoned by the Company in December 2001.
- Granting of certain expansion rights within the Building.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the terms of the lease amendment. No unusual items were reported.
Investor Verification Checklist
- Verify the specific conditions required to incorporate the Vignette subleased space.
- Confirm the financial impact of eliminating the abandoned space versus the cost of new expansion rights.
- Review the original June 23, 2000, Office Lease and the August 5, 2003, Sublease Agreement for baseline terms.