Form 8-K · Current report
Salesforce 8-K, filed Aug 5, 2026
- Filed
- CIK
- 0001108524
- Accession no.
- 0001108524-26-000160
Summary
Salesforce announced that Srini Tallapragada is stepping down as President and Chief Engineering and Customer Success Officer effective August 6, 2026, and will serve as Special Advisor to the Chief Executive Officer through August 6, 2027 under a transition agreement. The agreement keeps his salary and annual bonus through January 31, 2027, after which his cash compensation drops to an annual rate of $75,000, with previously granted equity continuing to vest during the transition period.
Key points
- Tallapragada's departure as President and Chief Engineering and Customer Success Officer is effective August 6, 2026.
- The transition period runs through August 6, 2027 and may be ended earlier by the company for cause or by Tallapragada on ten days' written notice.
- The agreement terminates automatically if Tallapragada accepts compensated full-time employment or services with a third party.
- Through January 31, 2027 his cash compensation is salary at his current rate plus annual bonus; for the rest of the transition period it is calculated at $75,000 per year.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
From the filing
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. …
An excerpt of the text as filed with the SEC, cut for length.
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