secwatch.observer — SEC 8-K summary
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Issuer:     Salesforce, Inc. (CRM)
CIK:        0001108524
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0001193125-25-020881
Event type: leadership
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Salesforce names Robin Washington President & COFO; Brian Millham retiring after 25 years
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- Robin Washington, current board member since 2013, becomes President & COFO effective March 21, 2025.
- Washington receives $1.1M base salary, 175% bonus target, $9M RSUs, $9M PSUs, and $8.5M sign-on bonus.
- Brian Millham steps down as President & COO on March 21, 2025, retires as employee advisor on May 1, 2025.
- Amy Weaver extends CFO tenure until Washington assumes role; transition agreement amended.
- Arnold Donald to become Lead Independent Director upon Washington's start.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108524/000119312525020881/0001193125-25-020881-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108524/000119312525020881/d926032d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-020881

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