8-KLeadership ChangesRegulation FDExhibits & Filings

Salesforce, Inc. 8-K Report, Executive Changes (Jul 9, 2025)

Filed July 9, 2025For Securities:CRM

Summary

Salesforce, Inc. (CRM) announced a board refreshment through the appointment of two new directors, Amy Chang and David Kirk, effective July 9, 2025. These appointments are detailed in an 8-K filing and are accompanied by a press release serving as Exhibit 99.1. The new directors have been selected without any undisclosed arrangements or family ties to current leadership, and their compensation will align with the company's standard non-employee director program, including equity awards and indemnification agreements. Investors should note that these changes signal ongoing governance adjustments within Salesforce. The company has provided clarity on the background and compensation of the new appointees, emphasizing their independence and adherence to established company policies. The filing also reiterates that the information within the attached press release should not be considered legally 'filed' under certain SEC regulations, a standard disclosure to manage liability.

Key Highlights

  • 1Appointment of Amy Chang and David Kirk as new directors, effective July 9, 2025.
  • 2New directors have no undisclosed arrangements or family relationships with current officers or directors.
  • 3Amy Chang and David Kirk have no material direct or indirect interest in any reportable transactions.
  • 4New directors will receive standard compensation and equity awards per Salesforce's non-employee director program.
  • 5Standard indemnification agreements will be entered into with both new directors.
  • 6Press release announcing the appointments is included as an exhibit.
  • 7Information in the press release is not deemed 'filed' for certain regulatory purposes.

Frequently Asked Questions

Amy Chang and David Kirk have been appointed as new directors, with their appointments effective as of July 9, 2025.

The new directors will receive standard compensation and equity awards in accordance with Salesforce's established compensation program for non-employee directors. This aligns with the company's typical practice for board members who are not full-time employees.

The filing explicitly states that neither Amy Chang nor David Kirk has any family relationships with current directors or executive officers, and neither has a direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K. This indicates a commitment to board independence.

The company is disclosing that the press release, while attached as an exhibit, is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934 or similar regulations. This is a standard disclaimer to limit the company's liability related to the information within the press release under those specific legal frameworks.