0001108524FALSE00011085242023-01-042023-01-04
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
January 4, 2023
Date of Report (date of earliest event reported)
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Salesforce, Inc.
(Exact name of registrant as specified in its
charter)
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Delaware |
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001-32224 |
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94-3320693 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
Salesforce Tower
415 Mission Street, 3rd Fl
San Francisco, California 94105
(Address of principal executive offices)
Registrant’s telephone number, including area code:
(415) 901-7000
N/A
(Former name or former address, if changed since last
report)
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Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2.
below):
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
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Common Stock, par value $0.001 per share |
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CRM |
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New York Stock Exchange |
, Inc. |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
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Emerging growth company |
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If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act. |
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Item 2.05 Costs Associated with Exit or
Disposal Activities
On January 4, 2023, Salesforce, Inc. (the “Company”) announced a
restructuring plan (the “Plan”) intended to reduce operating costs,
improve operating margins, and continue advancing the Company’s
ongoing commitment to profitable growth. The Plan includes a
reduction of the Company’s current workforce by approximately 10
percent and select real estate exits and office space reductions
within certain markets. Decisions regarding the elimination of
positions are subject to local law and consultation requirements in
certain countries, as well as the Company’s business
needs.
The Company estimates that it will incur approximately $1.4 billion
to $2.1 billion in charges in connection with the Plan, of which
approximately $800 million to $1.0 billion is expected to be
incurred in the fourth quarter of fiscal 2023. These charges
consist primarily of $1.0 billion to $1.4 billion in charges
related to employee transition, severance payments, employee
benefits, and share-based compensation; and $450 million to $650
million in exit charges associated with the office space
reductions. Of the aggregate amount of charges that the Company
estimates it will incur in connection with the Plan, the Company
expects that approximately $1.2 billion to $1.7 billion will be in
future cash expenditures.
The actions associated with the employee restructuring under the
Plan are expected to be substantially complete by the end of the
Company’s fiscal 2024, subject to local law and consultation
requirements. The actions associated with the real estate
restructuring under the Plan are expected to be fully complete in
fiscal 2026.
The estimates of the charges and expenditures that the Company
expects to incur in connection with the Plan, and the timing
thereof, are subject to a number of assumptions, including local
law requirements in various jurisdictions, and actual amounts may
differ materially from estimates.
In addition, the Company may incur other charges or cash
expenditures not currently contemplated due to unanticipated events
that may occur, including in connection with the implementation of
the Plan.
A letter to the Company’s employees from Marc Benioff, the
Company’s Chair and Co-Chief Executive Officer, regarding the
employee restructuring under the Plan is attached to this Current
Report on Form 8-K as Exhibit 99.1 and is incorporated by
reference.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking
statements, including, but not limited to, statements related to
the expected benefits of and timing of completion of the Plan, and
the expected costs and charges of the Plan. Words such as
“expects,” “anticipates,” “aims,” “projects,” “intends,” “plans,”
“believes,” “estimates,” “seeks,” “assumes,” “may,” “should,”
“could,” “would,” “foresees,” “forecasts,” “predicts,” “targets,”
“commitments,” variations of such words and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements are based upon the Company’s current
plans, assumptions, beliefs, and expectations. Forward-looking
statements are subject to the occurrence of many events outside of
the Company’s control. Actual results and the timing of events may
differ materially from those contemplated by such forward-looking
statements due to numerous factors that involve substantial known
and unknown risks and uncertainties. These risks and uncertainties
include, among other things, the risk that the restructuring costs
and charges may be greater than anticipated; the risk that the
Company’s restructuring efforts may adversely affect the Company’s
internal programs and the Company’s ability to recruit and retain
skilled and motivated personnel, and may be distracting to
employees and management; the risk that the Company’s restructuring
efforts may negatively impact the Company’s business operations and
reputation with or ability to serve customers; the risk that the
Company’s restructuring efforts may not generate their intended
benefits to the extent or as quickly as anticipated; and other
risks and uncertainties included in the reports on Forms 10-K, 10-Q
and 8-K and in other filings the Company makes with the Securities
and Exchange Commission from time to time, available at
www.sec.gov. Forward-looking statements should be considered in
light of these risks and uncertainties. Investors and others are
cautioned not to place undue reliance on forward-looking
statements. All forward-looking statements contained herein speak
only as of the date hereof. The Company assumes no obligation and
does not intend to update these forward-looking statements, except
as required by law.
Item 9.01 Financial Statements and
Exhibits.
(d)Exhibits
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99.1 |
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104 |
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Cover Page Interactive Data File—the cover page XBRL tags are
embedded within the Inline XBRL document |
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.
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Dated: |
January 4, 2023 |
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Salesforce, Inc. |
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/s/ AMY
WEAVER
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Amy Weaver
President and Chief Financial Officer |
Salesforce (NYSE:CRM)
過去 株価チャート
から 3 2023 まで 4 2023
Salesforce (NYSE:CRM)
過去 株価チャート
から 4 2022 まで 4 2023
