8-KLeadership ChangesMaterial AgreementsExhibits & Filings

Salesforce, Inc. 8-K Report, Material Agreement (Oct 11, 2005)

Filed October 11, 2005For Securities:CRM

Summary

This Form 8-K filing by Salesforce.com, Inc. on October 11, 2005, primarily reports the appointment of Mr. Craig A. Conway to the company's Board of Directors. Mr. Conway has been appointed as a Class I director with a term expiring at the 2008 annual meeting. The Board has affirmed Mr. Conway's independence, meeting NYSE listing standards and SEC regulations. This appointment is a standard governance update, indicating the company is adhering to best practices in board composition and oversight. Investors should note that this filing does not contain significant financial performance updates or material operational changes, but rather focuses on corporate governance matters.

Key Highlights

  • 1Appointment of Craig A. Conway to the Board of Directors as a Class I member.
  • 2Mr. Conway's term as director will expire at the 2008 annual meeting of stockholders.
  • 3The Board of Directors has determined Mr. Conway is independent, meeting NYSE and SEC requirements.
  • 4Mr. Conway was appointed based on the recommendation of the Nominating and Corporate Governance Committee.
  • 5Mr. Conway was granted an option to purchase 50,000 shares of Common Stock under the 2004 Outside Directors Stock Plan.
  • 6Compensation details for Mr. Conway's board service are further elaborated in the company's 2005 Proxy Statement.
  • 7No board committees have been assigned to Mr. Conway at this time.

Frequently Asked Questions

The main purpose of this filing is to report the appointment of Mr. Craig A. Conway to Salesforce.com's Board of Directors and to confirm his independence.

Mr. Conway's appointment, recommended by the Nominating and Corporate Governance Committee and deemed independent, reinforces Salesforce's commitment to strong corporate governance practices and compliance with stock exchange listing standards.

No, this specific 8-K filing does not disclose significant financial results or material operational changes. It is focused exclusively on a board appointment and related director compensation matter.

Mr. Conway was granted an option to purchase 50,000 shares of Salesforce.com's Common Stock under the company's 2004 Outside Directors Stock Plan.