Salesforce Files 8-K: Operations, Officers, and Financials
Ticker: CRM · Form: 8-K · Filed: Aug 28, 2024 · CIK: 1108524
| Field | Detail |
|---|---|
| Company | Salesforce, Inc. (CRM) |
| Form Type | 8-K |
| Filed Date | Aug 28, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $75,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: operations, personnel, financials
Related Tickers: CRM
TL;DR
Salesforce dropped an 8-K: financial updates, exec changes, and new board members.
AI Summary
Salesforce, Inc. filed an 8-K on August 28, 2024, reporting on its results of operations and financial condition. The filing also disclosed the departure of certain officers, the election of new directors, and details on compensatory arrangements for its officers. Additionally, it included financial statements and exhibits.
Why It Matters
This 8-K filing provides crucial updates on Salesforce's financial performance and significant corporate governance changes, impacting investor understanding of the company's current standing and leadership.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of operational and personnel information, not indicating any immediate financial distress or significant negative events.
Key Players & Entities
- Salesforce, Inc. (company) — Registrant
- August 28, 2024 (date) — Date of Report
FAQ
What specific items are covered under 'Results of Operations and Financial Condition' in this filing?
This 8-K filing indicates that it covers 'Results of Operations and Financial Condition' but does not provide specific details within the provided text; the full filing would contain this information.
Who are the officers that have departed, and who has been elected as a director?
The provided text states that the filing covers the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' but does not name the individuals involved.
What are the details of the 'Compensatory Arrangements of Certain Officers' mentioned?
The filing indicates that 'Compensatory Arrangements of Certain Officers' are discussed, but the specific details of these arrangements are not included in the provided excerpt.
Are there any new financial statements or exhibits included with this 8-K filing?
Yes, the filing explicitly states 'Financial Statements and Exhibits' as an item information, indicating their inclusion.
What is the fiscal year end for Salesforce, Inc.?
Salesforce, Inc.'s fiscal year ends on January 31 (0131).
Filing Stats: 879 words · 4 min read · ~3 pages · Grade level 11.9 · Accepted 2024-08-28 16:02:42
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share CRM New York Stock Exchange
- $75,000 — n will be calculated based on a rate of $75,000 per year. During the Transition Period,
Filing Documents
- crm-20240828.htm (8-K) — 31KB
- crm-q2fy25xexhibit991.htm (EX-99.1) — 560KB
- 0001108524-24-000020.txt ( ) — 754KB
- crm-20240828.xsd (EX-101.SCH) — 2KB
- crm-20240828_lab.xml (EX-101.LAB) — 22KB
- crm-20240828_pre.xml (EX-101.PRE) — 13KB
- crm-20240828_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On August 28, 2024, Salesforce, Inc. (the "Company") issued a press release announcing its results for the fiscal quarter ended July 31, 2024. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein. The information furnished with this Item 2.02, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing. Section 5 - Corporate Governance and Management Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 28, 2024, the Company announced that Amy Weaver will step down from her role as President and Chief Financial Officer of the Company effective upon the appointment of her successor or upon the filing of the Company's annual report on Form 10-K for the fiscal year ending January 31, 2025 (the "10-K Filing Date"), if earlier. Thereafter, Ms. Weaver has agreed to continue to serve the Company as Special Advisor to the Chief Executive Officer through April 2026, assisting in the transition of her duties, transaction integration and activities, transformation-related projects, and customer-related matters. The Company's search process to fill the Chief Financial Officer role will consider internal and external candidates. The Company has entered into an agreement (the "Transition Agreement") with Ms. Weaver setting forth the terms of Ms. Weaver's transition arrangements. Ms. Weaver will be employed on a full-time basis through the 10-K Filing Date and will thereafter be r
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release dated August 28, 2024 104 Cover Page Interactive Data File—the cover page XBRL tags are embedded within the Inline XBRL document Signature Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: August 28, 2024 Salesforce, Inc. /s/ Sundeep Reddy Sundeep Reddy Executive Vice President, Chief Accounting Officer (Principal Accounting Officer)