Business Context and Reporting Period
This Form 8-K was filed by Salesforce, Inc. on April 14, 2017. The report discloses the awarding of cash bonuses to named executive officers for fiscal year 2017 performance, covering the period from February 1, 2016, to January 31, 2017.
Key Financial Metrics
The filing does not provide consolidated financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to executive compensation.
| Executive Officer | Position | April 14, 2017 Bonus | Mid-Year Bonus (Sep 30, 2016) |
|---|---|---|---|
| Marc Benioff | Chairman and CEO | $2,325,000 | $775,000 |
| Mark Hawkins | CFO | $562,500 | $187,500 |
| Keith Block | Vice Chairman, President and COO | $862,500 | $287,500 |
| President and CPO | $675,000 | $225,000 | |
| Parker Harris | Co-Founder and CTO | $675,000 | $225,000 |
| Burke Norton | CLO and Chief of Corporate and Government Affairs | $562,500 | $187,500 |
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 performance goals and individual performance for fiscal year 2017, net of mid-year payouts.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future outlook, or specific risk factors. It is a routine disclosure of executive compensation arrangements pursuant to Item 5.02 of Form 8-K.
Investor Verification Checklist
- Verify the total cash compensation paid to named executive officers for fiscal year 2017 by combining the April 14, 2017, and September 30, 2016, payouts.
- Review the Company's proxy statement or annual report to understand the specific corporate performance goals that triggered these bonus amounts.
- Confirm that the Compensation Committee's approval aligns with the Company's stated bonus plan policies.