8-K/AExhibits & Filings

Salesforce, Inc. 8-K/A Report, Exhibit Filing (Aug 30, 2013)

Filed August 30, 2013For Securities:CRM

Summary

This filing is an amendment (Amendment No. 1) to a prior Form 8-K, primarily to provide the financial statements and related information for ExactTarget, Inc. following Salesforce's acquisition of the company. Investors should focus on the financial health and performance of ExactTarget as presented in the unaudited and audited statements, as this acquisition will integrate ExactTarget's operations into Salesforce's overall business. The filing also includes pro forma combined financial information, offering a glimpse into how the combined entity would have performed based on historical data, which is crucial for understanding the potential synergies and financial impact of the merger. The inclusion of ExactTarget's standalone financial statements (unaudited as of June 30, 2013, and for periods ending in 2012/2013, as well as audited for fiscal years 2011-2012) allows for a detailed assessment of the acquired company's financial position and performance prior to the integration. The pro forma statements are particularly important as they provide a hypothetical view of the combined entity's financial results, enabling investors to better model future performance and evaluate the strategic rationale behind the acquisition.

Key Highlights

  • 1Salesforce is filing Amendment No. 1 to its Form 8-K to include financial statements for ExactTarget, Inc.
  • 2The amendment incorporates unaudited condensed consolidated financial statements of ExactTarget as of June 30, 2013, and for the three and six months ended June 30, 2013 and 2012.
  • 3Audited consolidated financial statements of ExactTarget for the years ended December 31, 2012 and 2011 are also included.
  • 4Unaudited pro forma condensed combined financial information for Salesforce and ExactTarget for the year ended January 31, 2013, and the six months ended July 31, 2013, is provided.
  • 5This filing is a crucial step in the disclosure process following Salesforce's acquisition of ExactTarget.
  • 6The document includes the consent of KPMG LLP, ExactTarget's independent registered public accounting firm.

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