AI English summary of an SEC filing — figures as filed
Oracle ORCLOracle said it filed an Original Form 8-K on September 22, 2025 announcing the promotions of Clayton Magouyrk and Michael Sicilia to Chief Executive Officer and members of the Board and of Douglas Kehring to Executive Vice President, Principal Financial Officer, and is amending it with this 8-K/A to disclose certain compensation determinations for Messrs. Magouyrk, Sicilia and Kehring.
Key points
AI summaryOracle said it filed an Original Form 8-K on September 22, 2025 announcing the promotions of Clayton Magouyrk and Michael Sicilia to Chief Executive Officer and members of the Board and of Douglas Kehring to Executive Vice President, Principal Financial Officer, and is amending it with this 8-K/A to disclose certain compensation determinations for Messrs. Magouyrk, Sicilia and Kehring.
The company said the Compensation Committee approved on September 30, 2025 an increase in annual base salary to $950,000 for each of Messrs. Magouyrk, Sicilia and Kehring, effective as of September 22, 2025.
Oracle said it approved for each of Mr. Magouyrk and Mr. Sicilia an annual target cash bonus opportunity of $5,000,000 under the Oracle Executive Bonus Plan for the fiscal year ending May 31, 2026 (FY26).
The company said it approved for Mr. Kehring an annual target cash bonus opportunity of $950,000 under Oracle's discretionary corporate bonus plan for FY26, and that he is eligible to receive an ordinary course equity-based compensation award during FY26 under Oracle's Amended and Restated 2020 Equity Incentive Plan, as determined by the Compensation Committee in its discretion.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Purpose and officers subject to the amended disclosure
Oracle said it filed an Original Form 8-K on September 22, 2025 announcing the promotions of Clayton Magouyrk and Michael Sicilia to Chief Executive Officer and members of the Board and of Douglas Kehring to Executive Vice President, Principal Financial Officer, and is amending it with this 8-K/A to disclose certain compensation determinations for Messrs. Magouyrk, Sicilia and Kehring.
Source · Based on the filing body and exhibits
Base salary increase decision
The company said the Compensation Committee approved on September 30, 2025 an increase in annual base salary to $950,000 for each of Messrs. Magouyrk, Sicilia and Kehring, effective as of September 22, 2025.
Source · Based on the filing body and exhibits
Magouyrk and Sicilia target cash bonus
Oracle said it approved for each of Mr. Magouyrk and Mr. Sicilia an annual target cash bonus opportunity of $5,000,000 under the Oracle Executive Bonus Plan for the fiscal year ending May 31, 2026 (FY26).
Source · Based on the filing body and exhibits
Kehring bonus and equity compensation eligibility
The company said it approved for Mr. Kehring an annual target cash bonus opportunity of $950,000 under Oracle's discretionary corporate bonus plan for FY26, and that he is eligible to receive an ordinary course equity-based compensation award during FY26 under Oracle's Amended and Restated 2020 Equity Incentive Plan, as determined by the Compensation Committee in its discretion.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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