Salesforce.com Announces Four-for-One Stock Split
SAN FRANCISCO, Calif. – March 21, 2013 – Salesforce.com (NYSE: CRM), the enterprise cloud computing (http://www.salesforce.com/cloudcomputing/) company, announced today that its Board of Directors has approved a four-for-one (4:1) split of the Company’s common stock and that its stockholders have approved a proportional increase in the number of authorized shares of salesforce.com common stock from 400 million to 1.6 billion.
Each stockholder of record at the close of business on April 3, 2013, will receive three additional shares for every outstanding share held on the record date. We expect that the additional shares will be distributed by the transfer agent on April 17, 2013, and that trading will begin on a split-adjusted basis on April 18, 2013.
Salesforce, the Customer Success Platform and world's #1 CRM, empowers companies to connect with their customers in a whole new way. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com.
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