Salesforce details Srini Tallapragada transition

Salesforce, Inc. reported that Srini Tallapragada has decided to step down as President and Chief Engineering and Customer Success Officer, effective August 6, 2026.

Rhea-AI Filing Summary

Salesforce, Inc. reported that Srini Tallapragada has decided to step down as President and Chief Engineering and Customer Success Officer, effective August 6, 2026. He will then serve as Special Advisor to the Chief Executive Officer through August 6, 2027, focusing on transition support, product and technology matters, business development, and customer-related matters.

Under a Transition Agreement, he will remain employed through the transition period, which may end earlier if terminated by the company for cause, by him on ten days’ written notice, or automatically if he accepts other full-time compensated work. Through January 31, 2027, his cash compensation will consist of salary at his current rate plus annual bonus; for the remainder of the transition period it will be based on a rate of $75,000 per year. His previously granted equity awards will continue to vest, and he provides a customary release of claims and reaffirms his proprietary rights obligations.

Positive

• None.

Negative

• Key executive transition: Srini Tallapragada will step down as President and Chief Engineering and Customer Success Officer effective August 6, 2026, shifting to an advisory role for one year.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Effective date stepping down: August 6, 2026 Transition period end date: August 6, 2027 Reduced annual cash compensation: $75,000 per year +2 more

5 metrics

Effective date stepping down August 6, 2026 Date Srini Tallapragada steps down as President and Chief Engineering and Customer Success Officer

Transition period end date August 6, 2027 End of employment as Special Advisor to the Chief Executive Officer

Reduced annual cash compensation $75,000 per year Cash compensation rate for remainder of transition period after January 31, 2027

Full-rate compensation period end January 31, 2027 Through this date, cash compensation is salary at current rate plus annual bonus

Notice period for resignation 10 days Tallapragada may end the transition period for any reason with ten days’ written notice

Key Terms

Transition Agreement, release of claims, employee inventions and proprietary rights assignment agreement, for cause

4 terms

Transition Agreement regulatory

"The Company has entered into an agreement (the “Transition Agreement”)"

release of claims regulatory

"The Transition Agreement provides for a customary release of claims"

employee inventions and proprietary rights assignment agreement regulatory

"reaffirmation of his obligations under an employee inventions and proprietary rights assignment agreement"

for cause regulatory

"may be terminated earlier by the Company for cause (as defined in the Transition Agreement)"

"For cause" is a contractual standard used when an employer, board, or other party removes someone because they violated rules, broke the contract, committed misconduct, or failed to do their required job. It matters to investors because a "for cause" finding often limits payouts, affects whether stock awards or buyout protections kick in, and signals higher leadership or governance risk—think of it as being fired for a specific reason rather than let go for business reasons.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What leadership change did Salesforce (CRM) disclose regarding Srini Tallapragada?

Salesforce disclosed that Srini Tallapragada will step down as President and Chief Engineering and Customer Success Officer on August 6, 2026, and will transition to serve as Special Advisor to the Chief Executive Officer through August 6, 2027.

What is the duration of Srini Tallapragada’s transition period at Salesforce (CRM)?

The transition period runs until August 6, 2027. During this time, Tallapragada serves as Special Advisor to the CEO, with the arrangement subject to early termination for cause, by his 10 days’ written notice, or automatically upon his acceptance of other full-time compensated work.

How will Srini Tallapragada be compensated during the transition at Salesforce (CRM)?

Through January 31, 2027, his cash compensation includes salary at his current rate plus annual bonus. For the remainder of the transition period, his cash compensation will be based on a reduced rate of $75,000 per year, reflecting his advisory role.

Can the transition agreement between Salesforce (CRM) and Srini Tallapragada end early?

Yes. The transition period may be ended earlier by Salesforce for cause, by Tallapragada for any reason with ten days’ written notice, or automatically if he accepts other full-time services for compensation with a third party, as specified in the Transition Agreement.

What happens to Srini Tallapragada’s equity awards during his transition at Salesforce (CRM)?

During the transition period, Tallapragada’s previously granted equity awards will continue to vest in accordance with their terms. The Transition Agreement does not modify vesting schedules but allows existing awards to keep vesting while he serves as Special Advisor.

Does the Salesforce (CRM) transition agreement with Srini Tallapragada include legal releases?

Yes. The Transition Agreement includes a customary release of claims by Tallapragada and a reaffirmation of his obligations under an employee inventions and proprietary rights assignment agreement, reinforcing confidentiality and intellectual property protections.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/05/2026 - 04:37 PM Accepted by SEC EDGAR 08/05/2026 - 04:36 PM Learn about SEC filing dates

0001108524FALSE00011085242026-08-052026-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

________________________________________________________ 

FORM 8-K

________________________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

August 5, 2026

Date of Report (date of earliest event reported)

 _________________________________________________________

Salesforce, Inc.

(Exact name of registrant as specified in its charter) 

__________________________________________________________ 

 

Delaware

001-32224

94-3320693

(State or other jurisdiction of incorporation)

(Commission File Number)

(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)

_________________________________________________________

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):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐ 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:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

CRM

New York Stock Exchange

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).

Emerging growth company ☐

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. ☐

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

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 23.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 13.3 KB