Oracle Corp. Adjusts Executive Compensation
Ticker: ORCL-PD · Form: 8-K · Filed: Jan 13, 2025 · CIK: 1341439
| Field | Detail |
|---|---|
| Company | Oracle CORP (ORCL-PD) |
| Form Type | 8-K |
| Filed Date | Jan 13, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, officer-changes
Related Tickers: ORCL
TL;DR
Oracle just tweaked exec pay – keep an eye on how it affects performance.
AI Summary
On January 8, 2025, Oracle Corp. announced changes in its executive compensation arrangements. The filing details adjustments to the compensatory arrangements for certain officers, though specific names and dollar amounts are not provided in this excerpt. These changes are effective as of January 8, 2025.
Why It Matters
Changes in executive compensation can signal shifts in company strategy or performance expectations, potentially impacting investor confidence and employee morale.
Risk Assessment
Risk Level: low — This filing pertains to routine executive compensation adjustments and does not indicate significant financial distress or operational changes.
Key Players & Entities
- Oracle Corp. (company) — Registrant
- January 8, 2025 (date) — Date of earliest event reported
- Austin, Texas (location) — Principal executive offices
FAQ
What specific changes were made to the compensatory arrangements for certain officers?
The filing states that there were adjustments to the compensatory arrangements for certain officers, but the specific details of these changes are not provided in this excerpt.
Who are the specific officers whose compensation arrangements were adjusted?
The filing refers to 'certain officers' but does not name the individuals whose compensation arrangements were adjusted.
What is the effective date of these compensation changes?
The changes to the compensatory arrangements are effective as of January 8, 2025.
Are there any new stock options or equity grants associated with these compensation adjustments?
This excerpt does not provide details on whether new stock options or equity grants are part of the adjusted compensation arrangements.
Does this filing indicate any changes in the roles or responsibilities of the officers affected?
The filing focuses on compensatory arrangements and does not explicitly mention any changes in the roles or responsibilities of the officers.
Filing Stats: 460 words · 2 min read · ~2 pages · Grade level 13.7 · Accepted 2025-01-13 16:30:14
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share 3.125% senior notes due Jul
Filing Documents
- d902043d8k.htm (8-K) — 23KB
- 0001193125-25-005333.txt ( ) — 173KB
- orcl-20250108.xsd (EX-101.SCH) — 4KB
- orcl-20250108_def.xml (EX-101.DEF) — 13KB
- orcl-20250108_lab.xml (EX-101.LAB) — 21KB
- orcl-20250108_pre.xml (EX-101.PRE) — 14KB
- d902043d8k_htm.xml (XML) — 5KB
From the Filing
8-K 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 Date of Report (Date of earliest event reported): January 8, 2025 Oracle Corporation (Exact name of registrant as specified in its charter) Delaware 001-35992 54-2185193 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 2300 Oracle Way , Austin , Texas 78741 (Address of principal executive offices) (Zip Code) (737) 867-1000 (Registrant's telephone number, including area code) 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: 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 $0.01 per share 3.125% senior notes due July 2025 ORCL New York Stock Exchange 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. Section 5—Corporate Governance and Management Item5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers After working for Oracle Corporation ("Oracle") for 38 years, including most recently as Executive Vice President, Chief Corporate Architect, Edward Screven provided notice on January 8, 2025 of his intention to retire from Oracle by the end of February 2025. Mr. Screven will assist in the transition of his duties until his retirement becomes effective. Mr. Screven will also continue to serve as Oracle's representative on the Board of Directors of Ampere Computing Holdings LLC. 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. ORACLE CORPORATION Dated: January 13, 2025 By: /s/ Kimberly Woolley Name: Kimberly Woolley Title: Vice President, Assistant General Counsel and Assistant Secretary