Summary
Oracle Corporation (ORCL) filed an 8-K on June 20, 2013, announcing key financial and strategic updates. The report includes the company's financial results for its fiscal fourth quarter and full year ended May 31, 2013, as detailed in a press release furnished as an exhibit. Investors should refer to this press release for specific performance metrics and commentary on operations and financial condition. Beyond financial results, Oracle announced a significant strategic move: the application to list its common stock on the New York Stock Exchange (NYSE) under the ticker symbol "ORCL," with trading expected to commence on July 15, 2013. This transfer from NASDAQ to the NYSE represents a notable shift in the company's exchange listing. Additionally, the Board of Directors declared a quarterly cash dividend and authorized an additional $12.0 billion for its share repurchase program, underscoring a commitment to returning capital to shareholders.
Key Highlights
- 1Oracle announced its financial results for the fiscal fourth quarter and full year ended May 31, 2013, via a press release.
- 2The company has applied to list its common stock on the New York Stock Exchange (NYSE) under the symbol "ORCL".
- 3Trading on the NYSE is expected to commence on July 15, 2013, with NASDAQ trading ceasing on July 12, 2013.
- 4Oracle's Board of Directors declared a cash dividend of $0.12 per share, payable on August 2, 2013.
- 5An additional $12.0 billion has been authorized for share repurchases under the existing program.