Salesforce, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated June 10, 2010, details the results of Salesforce, Inc.'s 2010 Annual Meeting of Stockholders held on that date. The report covers corporate governance matters submitted to a vote by security holders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on voting results and does not contain financial performance data.
Material Changes and Voting Results
As of the record date (April 20, 2010), 128,580,752 shares of common stock were outstanding. A total of 116,768,657 shares (90.8% of outstanding shares) were represented at the meeting. The following proposals were approved:
- Election of Directors: Three Class III directors were elected to serve three-year terms:
- Stratton Sclavos: 105,169,377 votes For; 2,890,253 Withheld.
- Lawrence Tomlinson: 103,313,350 votes For; 4,746,280 Withheld.
- Shirley Young: 107,860,258 votes For; 199,372 Withheld.
- Ratification of Auditors: The appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2011, was approved.
- Votes For: 110,507,759
- Votes Against: 6,248,335
- Votes Abstain: 12,563
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the reporting of shareholder vote outcomes.
Key Facts for Investor Verification
- Verify the total number of shares outstanding (128,580,752) and the high participation rate (90.8%) at the June 10, 2010 meeting.
- Confirm the successful election of Stratton Sclavos, Lawrence Tomlinson, and Shirley Young to the Board of Directors.
- Note the ratification of Ernst & Young LLP as the independent auditor for the fiscal year ending January 31, 2011.
- Observe that this filing contains no financial performance data; refer to the most recent 10-K or 10-Q for financial metrics.