What is the main purpose of this 8-K filing?

The primary purpose of this 8-K filing is to disclose the cash bonus payouts made to Salesforce.com's named executive officers on March 30, 2007. These bonuses were awarded based on the company's and individuals' performance during fiscal year 2007.

Why did Marc Benioff, the CEO, not receive a bonus?

The filing does not explicitly state the reason why Marc Benioff did not receive a bonus. However, it indicates that bonuses were based on the achievement of specific corporate and individual goals. Investors might infer that either company-wide or individual targets were not met, or that his compensation structure prioritizes other forms of equity or long-term incentives not detailed in this specific bonus disclosure.

How do the reported bonuses compare to previous payouts?

The filing provides information on mid-year bonus payouts made on September 29, 2006, for each executive. For example, CFO Steve Cakebread received $50,000 mid-year and $184,476 at year-end, totaling $234,476. Investors would need to compare these year-end amounts to prior fiscal year bonus data (if available in other filings) to assess trends.

Are these bonuses in addition to base salary and other compensation?

Yes, cash bonuses are typically a variable component of executive compensation, awarded in addition to base salary, stock options, and other forms of compensation. This filing specifically focuses on the annual cash bonus payout.

CRM 8-K: Leadership Changes

Summary

This Salesforce.com, Inc. (CRM) 8-K filing from April 2, 2007, primarily discloses the compensation details for its named executive officers. Specifically, it details cash bonus payouts awarded on March 30, 2007, based on the achievement of fiscal year 2007 corporate and individual performance goals. Investors can observe the bonus amounts received by key executives, including the CFO, EVP of Law and Policy, CTO, and President of Worldwide Sales. Notably, Chairman and CEO Marc Benioff did not receive a bonus for this period, which could be a point of interest for shareholders evaluating executive compensation alignment with company performance. The filing also provides context by noting any mid-year bonus payouts made earlier in the fiscal year.

Key Highlights

1Salesforce.com awarded cash bonuses to named executive officers on March 30, 2007.
2Bonus payouts were tied to the achievement of corporate and individual goals for fiscal year 2007 (February 1, 2006 - January 31, 2007).
3Marc Benioff, Chairman and CEO, received a $0 bonus.
4Executive Vice President and CFO Steve Cakebread received a bonus of $184,476.
5President of Worldwide Sales and Distribution Jim Steele received the largest bonus at $197,250.
6The filing includes details of mid-year bonus payouts made on September 29, 2006, for context.
7The Compensation Committee of the Board of Directors and the CEO approved the bonus amounts.

Salesforce, Inc. 8-K Report, Executive Changes (Apr 2, 2007)

Summary

Key Highlights

Frequently Asked Questions