6-K - SAP - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO SECTION 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

March 31, 2023

Commission file number:

001-14251

SAP EUROPEAN COMPANY

(Translation of registrant's name into English)

Dietmar-Hopp-Allee 16

69190 Walldorf

Federal Republic of Germany

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [X] Form 40-F [ ]

SAP SE

FORM 6-K

On March 31, 2023, SAP SE, ("SAP"), issued a press release (the “Press Release”) announcing that the Supervisory Board has extended the contracts of Executive Board members Julia White and Scott Russell until 2027. Furthermore, Sabine Bendiek, Chief People & Operating Officer and Labor Relations Director, informed the Supervisory Board that she will not seek to renew her Executive Board contract which runs until December 31. 2023.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission (the "SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

EXHIBITS

Exhibit No.	Exhibit
99.1	Press<br> Release dated March 31, 2023

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SAP<br> SE
	(Registrant)
	By:	/s/ Christopher Sessar
		Name:	Dr.<br> Christopher Sessar
		Title:	Chief Accounting<br> Officer
	By:	/s/ Christian Kastler
		Name:	Christian<br> Kastler
		Title:	Co-Head<br> of Corporate Accounting and Reporting
Date: March<br> 31, 2023

EXHIBIT INDEX

Exhibit No.	Exhibit
99.1	(i)<br> Press Release dated March 31, 2023

Exhibit99.1

SAPSupervisory Board Extends Contracts with Executive Board Members Julia White and Scott Russell – Sabine Bendiek to End Her ContractDecember 31, 2023

WALLDORF,Germany — March 31, 2023 — SAP SE (NYSE: SAP) today announced that the SAP Supervisory Board has extended the contracts of Executive Board Members Julia White, Chief Marketing & Solutions Officer, and Scott Russell, who leads SAP’s Customer Success organization, for three years until 2027.

“We express our gratitude to Julia and Scott for their excellent work, which has significantly propelled the company forward. With their exceptional skills and expertise, we are confident that they will continue to provide the necessary drive for their respective Board areas to manage the opportunities and challenges ahead,” said Prof. Dr. Hasso Plattner, Chairman of the SAP Supervisory Board.

Furthermore, Sabine Bendiek, Chief People & Operating Officer and Labor Relations Director, informed the Supervisory Board that she will not seek to renew her Executive Board contract. Bendiek has led the People & Operations Board area since 2021, combining HR expertise with the responsibility for operations across all Board areas.

Bendiek’s contract runs until December 31, 2023. She will continue to fulfill her responsibilities with complete dedication until then. During this time, the search for a successor will be conducted.

“The SAP Supervisory Board deeply regrets the decision. At the same time, we respect this choice and thank Sabine for her excellent work and commitment to SAP’s transformation. Sabine promoted new ways of working, bringing people, processes and technology together,” said Plattner.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

AboutSAP

SAP’s strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP’s 2022 Annual Report on Form 20-F.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

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