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