Summary
Salesforce, Inc. (CRM) announced a change to its Board of Directors through an 8-K filing on September 7, 2017, effective October 1, 2017. The company expanded its Board size to twelve members and appointed Bernard Tyson as a new director. This appointment brings valuable leadership experience to Salesforce. Mr. Tyson's qualifications and the standard compensation for non-employee directors are noted. Investors should monitor the impact of new board perspectives on corporate strategy and governance.
Key Highlights
- 1Salesforce expanded its Board of Directors from eleven to twelve members.
- 2Bernard Tyson was appointed as a new director, effective October 1, 2017.
- 3Mr. Tyson has no known disqualifying arrangements or relationships with current directors or officers.
- 4Mr. Tyson has no material direct or indirect interest in any transaction reportable under Item 404(a) of Regulation S-K.
- 5Mr. Tyson will receive standard compensation and equity awards for non-employee directors.
- 6The company's press release regarding the appointment is included as an exhibit.