Rimini Street Reports Executive & Director Changes, Comp Arrangements
Ticker: RMNI · Form: 8-K · Filed: Jan 19, 2024 · CIK: 1635282
| Field | Detail |
|---|---|
| Company | Rimini Street, Inc. (RMNI) |
| Form Type | 8-K |
| Filed Date | Jan 19, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, corporate-governance, compensation
TL;DR
**Rimini Street just announced leadership changes and new exec pay.**
AI Summary
Rimini Street, Inc. filed an 8-K on January 19, 2024, reporting the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements for certain officers, with the earliest event reported on January 15, 2024. This filing indicates changes in the company's leadership and executive compensation structure. For investors, this matters because significant changes in executive personnel and their compensation can signal shifts in company strategy, governance, or financial health, potentially impacting future performance and stock value.
Why It Matters
Changes in leadership and executive compensation can signal strategic shifts or governance adjustments, which may influence the company's future direction and financial performance.
Risk Assessment
Risk Level: medium — Changes in executive leadership can introduce uncertainty regarding future company strategy and stability, warranting a medium risk assessment.
Analyst Insight
Investors should monitor subsequent filings or company announcements for specific details regarding the new leadership and compensation structures, as these will provide more concrete insights into potential strategic shifts and their impact on the company's future.
Key Numbers
- $0.0001 — par value per share (par value of Rimini Street, Inc.'s Common Stock)
Key Players & Entities
- Rimini Street, Inc. (company) — the registrant filing the 8-K
- January 19, 2024 (date) — date of the 8-K filing
- January 15, 2024 (date) — date of the earliest event reported in the 8-K
- 001-37397 (string) — Commission File Number
- 36-4880301 (string) — I.R.S. Employer Identification Number
- Delaware (string) — State of incorporation
- 1700 S. Pavilion Center Drive, Suite 330, Las Vegas, NV 89135 (string) — Address of principal executive offices
- (702) 839-9671 (string) — Registrant’s telephone number
- Common Stock, par value $0.0001 per share (string) — Title of each class of securities
- RMNI (string) — Trading Symbol
FAQ
What is the primary purpose of this 8-K filing by Rimini Street, Inc.?
The primary purpose of this 8-K filing is to report the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers, as per Item 5.02 of Form 8-K.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 15, 2024, as stated in the 'Date of Report (date of earliest event reported)' section.
What is the trading symbol and the exchange where Rimini Street, Inc.'s Common Stock is registered?
Rimini Street, Inc.'s Common Stock trades under the symbol RMNI and is registered on The Nasdaq Global Market.
What is the state of incorporation for Rimini Street, Inc.?
Rimini Street, Inc. is incorporated in Delaware, as indicated in the filing.
What specific items of Form 8-K are being reported in this filing?
This filing reports under Item 5.02, 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers,' and Item 9.01, 'Financial Statements and Exhibits.'
Filing Stats: 507 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-01-19 16:25:30
Key Financial Figures
- $0.0001 — ch registered: Common Stock, par value $0.0001 per share RMNI The Nasdaq Global Market
Filing Documents
- rmni-20240119.htm (8-K) — 33KB
- 0001635282-24-000002.txt ( ) — 192KB
- rmni-20240119.xsd (EX-101.SCH) — 2KB
- rmni-20240119_def.xml (EX-101.DEF) — 15KB
- rmni-20240119_lab.xml (EX-101.LAB) — 29KB
- rmni-20240119_pre.xml (EX-101.PRE) — 16KB
- rmni-20240119_htm.xml (XML) — 3KB
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit No . Exhibit Title 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. RIMINI STREET, INC. Dated: January 19, 2024 By: /s/ Seth A. Ravin Name: Seth A. Ravin Title: President and Chief Executive Officer 2