Business Context and Reporting Period
This Form 8-K Current Report was filed by Salesforce, Inc. on June 8, 2005. The filing addresses corporate governance and management changes under Section 5, Item 5.02.
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 personnel appointments and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of Jim Steele as President of Salesforce, Inc., effective June 8, 2005. Mr. Steele will continue to head global sales, services, and customer success, reporting directly to Chairman and CEO Marc Benioff. The filing notes there has been no change to Mr. Steele's compensation in connection with this appointment.
Management Commentary and Organizational Structure
Following the appointment, the executive team reporting directly to Marc Benioff includes:
- Jim Steele, President (Global Sales, Services, and Customer Success)
- Steve Cakebread, Executive Vice President and Chief Financial Officer (Finance, Facilities, Sales Operations, and Internal IT)
- Parker Harris, Executive Vice President of Technology (Engineering, Quality Assurance, and Service Delivery)
- Ken Juster, Executive Vice President of Legal Affairs and Corporate Development (Legal, Public Policy, Corporate Development, HR, and Internal Audit)
Mr. Steele has served the company in various capacities since 2002.
Investor Verification Checklist
- Confirm the effective date of Jim Steele's appointment as President (June 8, 2005).
- Verify that no compensation changes were made to Mr. Steele as part of this promotion.
- Review the updated reporting structure to confirm all listed executives report directly to Marc Benioff.
- Note that this filing contains no financial guidance or operational metrics for the period.