Salesforce, Inc. filed a Form 8-K with the SEC on September 4, 2026, disclosing that its Compensation Committee approved a new Executive Deferred Compensation Plan effective September 2, 2026.

Key Highlights

  • Plan approved: The Compensation Committee of Salesforce's Board of Directors approved the Salesforce, Inc. Executive Deferred Compensation Plan on September 2, 2026.
  • Deferral limits: Eligible participants may defer up to 75% of base salary and up to 90% of any annual performance bonus.
  • No employer match: There is no employer match or similar contribution under the Plan, though the company may make discretionary contributions from time to time.
  • Unfunded obligations: The company's obligations under the Plan are described as "general unsecured and unfunded obligations to pay deferred compensation in the future."
  • Distribution options: Participants may elect to receive distributions in lump sum or installment payments, with timing based on participant elections.
  • Rabbi trust possible: The company may establish and contribute to a rabbi trust, though any trust assets remain subject to claims of general creditors in the event of insolvency.

Details of Salesforce's New Executive Deferred Compensation Plan

According to the filing, Salesforce, Inc. (NYSE:CRM) disclosed on September 4, 2026 that its Compensation Committee approved the Salesforce, Inc. Executive Deferred Compensation Plan on September 2, 2026. The Plan allows executive officers and other eligible employees to elect to defer a portion of their compensation. The company characterized its obligations under the Plan as "general unsecured and unfunded obligations to pay deferred compensation in the future in accordance with the terms of the Plan."

The filing states that participants may defer up to 75% of base salary and up to 90% of any annual performance bonus. Participants may make individual investment elections for their Plan accounts from one or more notional investment options designated by the Plan administrator. The filing noted there is no employer match or similar contribution, though the company retains the ability to make discretionary contributions from time to time.

According to the filing, distribution elections may include lump sum or installment payments, with timing dependent on participant elections relating to separation from service or payment on specified dates. The company may establish a rabbi trust to assist in paying benefits, but the filing noted that any such trust assets "will remain subject to the claims of the Company's general creditors in the event of insolvency." The Plan is administered by the Compensation Committee, which retains authority to amend or terminate it, provided no amendment may reduce the accrued value of an existing participant's account. The company stated it intends to file the Plan as an exhibit to its next Quarterly Report on Form 10-Q.

What Was Disclosed

Salesforce disclosed the adoption of an executive deferred compensation plan permitting eligible employees to defer up to 75% of base salary and 90% of annual performance bonuses, with no employer match, under general unsecured and unfunded company obligations.