Business Context and Reporting Period
This Form 8-K filing by Salesforce, Inc. (salesforce.com, inc.) was submitted on April 15, 2016. The report discloses the awarding of cash bonuses to named executive officers for fiscal year 2016 performance, covering the period from February 1, 2015, to January 31, 2016.
Key Financial Metrics
The filing does not provide company-wide financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to executive compensation.
| Named Executive Officer | Position | April 15, 2016 Bonus | Mid-Year Bonus (Sep 30, 2015) |
|---|---|---|---|
| Mark Benioff | Chairman and CEO | $2,325,000 | $775,000 |
| Mark Hawkins | CFO | $525,000 | $175,000 |
| Keith Block | Vice Chairman, President, and COO | $807,750 | $269,250 |
| Alexandre Dayon | President and Chief Product Officer | $525,000 | $175,000 |
| Parker Harris | Co-Founder | $525,000 | $175,000 |
| Burke Norton | Chief Legal Officer | $525,000 | $175,000 |
Material Changes
The filing reports a specific compensatory event rather than a material change in financial condition or operations. The bonus amounts were determined based on the achievement of specific corporate performance goals and individual performance during the fiscal year, net of mid-year payouts.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on future performance, or discussion of risks and contingencies. It is strictly a disclosure of executive compensation arrangements approved by the Compensation Committee of the Board of Directors.
Key Facts for Investor Verification
- Verify the total cash compensation paid to executives by combining the April 15, 2016 bonuses with the mid-year payouts disclosed in the footnotes.
- Confirm that the bonus amounts align with the specific corporate performance goals achieved during fiscal year 2016 as detailed in the company's proxy statement or annual report.
- Note that this filing does not contain operational or financial results for the period; investors should refer to the 10-K or 10-Q for those metrics.