CRM 8-K
Salesforce, Inc. (CRM)
8-K
2026-08-05
For: 2026-08-05
View Original
Added on
August 05, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 5, 2026, Salesforce, Inc. (the “Company”) announced that Srini Tallapragada has decided to step down from his role as President and Chief Engineering and Customer Success Officer of the Company, effective August 6, 2026, and will transition to serve the Company as Special Advisor to the Chief Executive Officer through August 6, 2027, assisting in the transition of his duties; product, technology and innovation matters; business development; and customer-related matters.
The Company has entered into an agreement (the “Transition Agreement”) with Mr. Tallapragada setting forth the terms of Mr. Tallapragada’s transition arrangements. Mr. Tallapragada will be employed through August 6, 2027 (the “Transition Period”). The Transition Period may be terminated earlier by the Company for cause (as defined in the Transition Agreement) or by Mr. Tallapragada for any reason upon ten days’ written notice. The Transition Agreement also provides for automatic termination upon Mr. Tallapragada’s acceptance of employment or other full-time services for compensation with a third party. Through January 31, 2027, Mr. Tallapragada’s cash compensation will be composed of salary at his current rate and annual bonus. For the remainder of the Transition Period, his cash compensation will be calculated based on a rate of $75,000 per year. During the Transition Period, previously granted equity awards will continue to vest in accordance with their terms. The Transition Agreement provides for a customary release of claims by Mr. Tallapragada and reaffirmation of his obligations under an employee inventions and proprietary rights assignment agreement.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: | August 5, 2026 | Salesforce, Inc. | |||||||||
/s/ SABASTIAN NILES | |||||||||||
| Sabastian Niles President and Chief Legal Officer | |||||||||||