Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. OnAugust 18, 2021 ,salesforce.com , inc. (the "Company") announced thatJoe Allanson will retire from his position as Executive Vice President, Chief Accounting Officer and Corporate Controller of the Company and transition to the role of Executive Vice President, Finance ESG at the Company, effectiveSeptember 15, 2021 . OnAugust 18, 2021 , the Company also announced thatSundeep Reddy , age 48, will serve as Executive Vice President & Chief Accounting Officer of the Company, effectiveSeptember 15, 2021 .Mr. Reddy most recently served as Senior Vice President, Controller and Chief Accounting Officer for McKesson Corporation, a pharmaceutical distribution company, since 2018 and has served in a variety of accounting and finance-related leadership positions with McKesson Corporation since 2013.Mr. Reddy earned a Bachelor of Business Administration degree in accounting fromGeorgia State University in 1996 and a Masters of Business Administration degree fromEmory University in 2014. He is a certified public accountant inGeorgia . In connection with this appointment, the Company andMr. Reddy entered into an offer letter that provides for an initial annual base salary of$528,572 , an initial annual bonus targeted at 75% of base salary, and a sign-on bonus of$100,000 . Subject to Compensation Committee approval, the Company also intends to grantMr. Reddy $1,750,000 of restricted stock units and options to purchase$1,750,000 of the Company's common stock at an exercise price equal to the per share closing price of the Company's common stock on the date of grant. These equity awards will be subject to the Company's standard time-based vesting provisions.Mr. Reddy is also eligible to participate in the compensation and benefit programs generally available to senior executives of the Company. The Company also intends to enter into its standard form of indemnification agreement withMr. Reddy and its standard form of change of control and retention agreement applicable to non-CEO Section 16 officers. Additional information regarding the Company's compensatory and benefit programs applicable to executive officers is available in the "Compensation Discussion and Analysis" section of the Company's definitive Proxy Statement filed with theSecurities and Exchange Commission onApril 29, 2021 . There are no arrangements or understandings betweenMr. Reddy and any other persons pursuant to which he was selected as an officer, he has no family relationships with any of the Company's directors or executive officers, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. -------------------------------------------------------------------------------- Signature
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 hereunto duly authorized.
Dated:August 18, 2021 salesforce.com , inc. /s/AMY WEAVER Amy Weaver President and Chief Financial Officer
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