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Salesforce, Inc. 8-K Report, Executive Changes (Mar 17, 2017)

Reports
Leadership Changes
Filing Date
Filed March 17, 2017
Period End
March 14, 2017
Security
CRM
In the record · 2016–202610-K1110-Q328-K144

CRM filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 144 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Aug ’18Aug ’18
  2. Material agreement8-K · Dec ’20Dec ’20
  3. Restructuring8-K · Jan ’23Jan ’23
  4. Leadership change8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed March 17, 2017. Cited figures are marked; the original filing is the authoritative source.

This Form 8-K filing from Salesforce.com, Inc. (CRM) on March 16, 2017, primarily reports the retirement of a long-standing board member, Lawrence Tomlinson, effective at the company's 2017 Annual Meeting of Stockholders.

Mr. Tomlinson has served the Board for 14 years, including as Chair of the Audit and Finance Committee. His departure is amicable and not a result of any disagreements with the company. As a consequence of Mr. Tomlinson's retirement, the size of the Board of Directors will be reduced from twelve to eleven members.

This change is effective upon the conclusion of the Annual Meeting. The company expressed gratitude for Mr. Tomlinson's extensive service and contributions.

02—Key points

Key Highlights

  1. Lawrence Tomlinson, a Salesforce Board member for 14 years, announced his retirement.
  2. Mr. Tomlinson's retirement is effective at the Company's 2017 Annual Meeting of Stockholders.
  3. He previously served as Chair of the Board's Audit and Finance Committee.
  4. The retirement is not due to any disagreement with the company's operations, policies, or practices.
  5. The size of the Board of Directors will be reduced from twelve to eleven members.
  6. This reduction will be effective as of the conclusion of the 2017 Annual Meeting of Stockholders.

03—Questions

Frequently Asked Questions

  1. Who is leaving the Salesforce Board of Directors?

    Lawrence Tomlinson, a member of the Salesforce Board of Directors for 14 years, has announced his intention to retire.

  2. When will Lawrence Tomlinson's retirement be effective?

    His retirement will be effective as of the date of Salesforce's 2017 Annual Meeting of Stockholders.

  3. Are there any concerns regarding Mr. Tomlinson's departure?

    No, the filing explicitly states that Mr. Tomlinson's retirement is not due to any disagreement with the company on any matters relating to its operations, policies, or practices. It is described as an amicable retirement.

  4. How will this retirement affect the size of the Board?

    The Board of Directors' size will be reduced from twelve to eleven members, effective upon the conclusion of the 2017 Annual Meeting of Stockholders.

04—Continue

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