Salesforce 8-K: Agreements, Obligations, and Terminations

Ticker: CRM · Form: 8-K · Filed: 2024-11-05T00:00:00.000Z

Sentiment: neutral

Topics: agreement, obligation, termination

Related Tickers: CRM

TL;DR

Salesforce 8-K drops: new deals in, old deals out, and new financial obligations created. Details TBD.

AI Summary

Salesforce, Inc. filed an 8-K on November 5, 2024, reporting events as of October 31, 2024. The filing indicates the entry into and termination of material definitive agreements, as well as the creation of direct financial obligations or off-balance sheet arrangements. Specific details regarding these agreements and obligations are not provided in the excerpt.

Why It Matters

This filing signals significant corporate actions related to contracts and financial commitments, which could impact Salesforce's operational structure and financial health.

Risk Assessment

Risk Level: medium — The filing mentions the entry into and termination of material definitive agreements and the creation of financial obligations, which inherently carry risk until more details are disclosed.

Key Players & Entities

FAQ

What specific material definitive agreements did Salesforce enter into?

The filing indicates the entry into a material definitive agreement but does not specify the details of the agreement in the provided text.

What material definitive agreements were terminated by Salesforce?

The filing states the termination of a material definitive agreement, but the specific agreement is not identified in the excerpt.

What new financial obligations or off-balance sheet arrangements were created?

The filing reports the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the nature and terms are not detailed.

What is the significance of the 'Item Information' listed in the filing?

The 'Item Information' sections highlight key events such as the entry into and termination of material definitive agreements and the creation of financial obligations, which are reportable under an 8-K.

When was Salesforce, Inc. incorporated and in which state?

Salesforce, Inc. was incorporated in Delaware.

From the Filing

0001193125-24-251243.txt : 20241105 0001193125-24-251243.hdr.sgml : 20241105 20241105160932 ACCESSION NUMBER: 0001193125-24-251243 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241031 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241105 DATE AS OF CHANGE: 20241105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Salesforce, Inc. CENTRAL INDEX KEY: 0001108524 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 943320693 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32224 FILM NUMBER: 241427531 BUSINESS ADDRESS: STREET 1: SALESFORCE TOWER STREET 2: 415 MISSION STREET 3RD FL CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-901-7000 MAIL ADDRESS: STREET 1: SALESFORCE TOWER STREET 2: 415 MISSION STREET 3RD FL CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: SALESFORCE.COM, INC. DATE OF NAME CHANGE: 20190806 FORMER COMPANY: FORMER CONFORMED NAME: SALESFORCE COM INC DATE OF NAME CHANGE: 20000307 8-K 1 d854367d8k.htm 8-K 8-K false 0001108524 0001108524 2024-10-31 2024-10-31     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 October 31, 2024 Date of Report (date of earliest event reported)     Salesforce, Inc. (Exact name of registrant as specified in its charter)       Delaware   001-32224   94-3320693 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   Salesforce Tower 415 Mission Street, 3rd Fl San Francisco , California 94105 (Address of principal executive offices) Registrant’s telephone number, including area code: (415) 901-7000 N/A (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.001 per share   CRM   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Section 1 – Registrant’s Business and Operations Item 1.01. Entry into a Material Definitive Agreement. On October 31, 2024 (the “Effective Date”), Salesforce, Inc. (the “Company&

View on Read The Filing