secwatch.observer — SEC 8-K summary
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Issuer:     Salesforce, Inc. (CRM)
CIK:        0001108524
Form:       8-K
Filed at:   2022-11-23T23:59:59+00:00
Accession:  0001108524-22-000054
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Salesforce enters settlement agreement with departing President Patterson; payment ~£1.6M
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- Gavin Patterson will step down as President and Chief Strategy Officer effective Jan 31, 2023.
- Settlement agreement signed Nov 21, 2022 includes general release and post-termination competitive restrictions.
- Company will pay Patterson approx. £1.6M (~$1.9M) including salary, bonus, termination payment, and insurance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108524/000110852422000054/0001108524-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108524/000110852422000054/crm-20221121.htm
  HTML page:      https://secwatch.observer/filing/0001108524-22-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer