Business Context and Reporting Period
This Form 8-K is a current report filed by Salesforce, Inc. on March 30, 2012. The filing addresses Item 5.02 regarding compensatory arrangements for named executive officers. The report details cash bonuses awarded for fiscal year 2012 performance, covering the period from February 1, 2011, to January 31, 2012.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on executive compensation payouts under the Mahalo Bonus Plan.
Material Changes and Compensation Details
On March 30, 2012, the Company awarded year-end cash bonuses to its named executive officers. These amounts were calculated based on corporate and individual goals achieved during fiscal year 2012, net of mid-year bonus payouts made on September 30, 2011. The specific bonus amounts paid on this date are as follows:
| Named Executive Officer | Position | Bonus Amount (March 30, 2012) |
|---|---|---|
| Marc Benioff | Chairman of the Board and CEO | $1,155,000 |
| Graham Smith | Executive Vice President and CFO | $277,200 |
| Parker Harris | Executive Vice President, Technology | $259,875 |
| George Hu | Chief Operating Officer | $259,875 |
| Frank van Veenendaal | Vice Chairman | $323,400 |
Footnotes indicate that each executive also received a mid-year bonus on September 30, 2011, ranging from $84,375 to $375,000.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on future performance, risks, contingencies, or unusual items beyond the execution of the approved bonus plan.
Key Facts for Investor Verification
- Verify the total compensation impact by adding the March 30, 2012 bonuses to the mid-year bonuses paid in September 2011 for each executive.
- Confirm that the bonus amounts align with the performance goals outlined in the Proxy Statement on Schedule 14A filed on May 4, 2011.
- Note that this filing is a disclosure of a specific compensatory event and does not contain financial results for the fiscal year.