8-K
filed January 27, 2023, 6:59 PM ET
ticker CRM
CIK 0001108524
other material
confidence high
sentiment neutral
materiality 0.65
Salesforce appoints three new directors, including ValueAct's Morfit; two directors retire
Salesforce, Inc.
- Directors Hassenfeld and Robertson will not stand for reelection at the 2023 annual meeting.
- Arnold Donald, Sachin Mehra, and Mason Morfit appointed to board, effective March 1, 2023.
- Morfit appointed under cooperation agreement with ValueAct; standstill restricts ownership to 3.5% and limits proxy fights.
- Agreement with ValueAct lasts until one month after Morfit leaves board or 60 days before 2024 annual meeting deadline.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Arnold Donald was appointed as Director at Salesforce, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed Arnold Donald, Sachin Mehra and Mason Morfit as directors of the Company, effective as of March 1, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alan Hassenfeld departed as Director at Salesforce, Inc..
- Action
- retire
- Role
- Director
Exact text from the filing
Alan Hassenfeld and Sanford Robertson each informed the Board of Directors of the Company (the “Board”) of his decision not to stand for reelection as a director and to retire from the Board, effective as of the date of the 2023 Annual Meeting of Stockholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sanford Robertson departed as Director at Salesforce, Inc..
- Action
- retire
- Role
- Director
Exact text from the filing
Alan Hassenfeld and Sanford Robertson each informed the Board of Directors of the Company (the “Board”) of his decision not to stand for reelection as a director and to retire from the Board, effective as of the date of the 2023 Annual Meeting of Stockholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mason Morfit was appointed as Director at Salesforce, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed Arnold Donald, Sachin Mehra and Mason Morfit as directors of the Company, effective as of March 1, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sachin Mehra was appointed as Director at Salesforce, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed Arnold Donald, Sachin Mehra and Mason Morfit as directors of the Company, effective as of March 1, 2023.
View on SEC.gov
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