8-KLeadership Changes

Salesforce, Inc. 8-K Report, Executive Changes (Sep 4, 2026)

Filed September 4, 2026For Securities:CRM

Summary

Salesforce, Inc. (CRM) announced on September 4, 2026, through an 8-K filing, the establishment of the Salesforce, Inc. Executive Deferred Compensation Plan, approved by the Compensation Committee on September 2, 2026. This plan allows eligible executive officers and employees to defer a portion of their base salary and annual performance bonuses, offering flexibility in compensation management for both the company and its top talent. Key features include the ability for participants to defer up to 75% of base salary and 90% of annual bonuses, with options for investment in notional funds. Importantly, there is no employer match, though discretionary contributions are possible. Distributions can be made as a lump sum or installments, based on participant elections. The company's obligations are general unsecured and unfunded, with potential for a rabbi trust, emphasizing that assets remain subject to creditor claims in insolvency.

Key Highlights

  • 1Establishment of the Salesforce, Inc. Executive Deferred Compensation Plan.
  • 2Allows eligible executives and employees to defer compensation.
  • 3Participants can defer up to 75% of base salary and 90% of annual performance bonuses.
  • 4Includes notional investment options for deferred amounts.
  • 5No employer matching contributions are provided under the plan.
  • 6Distributions can be lump sum or installments, subject to participant elections.
  • 7Company obligations are unsecured and unfunded, with potential for a rabbi trust subject to creditor claims.

Frequently Asked Questions

The plan is designed to provide Salesforce's executive officers and other eligible employees with an opportunity to defer a portion of their compensation, offering them flexibility in managing their income and potentially benefiting from investment growth.

No, there are no employer match or similar contributions under the plan. However, Salesforce may make discretionary contributions from time to time.

Participants can elect to invest their deferred compensation in one or more notional investment options designated by the plan administrator. The company's obligations are general unsecured and unfunded, meaning they are not backed by specific assets and are subject to the claims of general creditors in the event of insolvency. A rabbi trust may be established, but its assets would also be subject to creditor claims.

Distribution timing depends on the participant's specific elections, which can include deferral until separation from service or payment on specified dates, with options for lump sum or installment payments.