8-KEarnings & ResultsSecurities & ListingOther Events+1

ORACLE CORP 8-K Report, Financial Results (Jun 20, 2013)

Filed June 20, 2013For Securities:ORCLORCL-PD

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.

Frequently Asked Questions

This 8-K filing primarily directs investors to a press release (Exhibit 99.1) for the detailed financial results of Oracle's fiscal fourth quarter and full year ended May 31, 2013. Specific figures would be found within that press release.

The 8-K does not specify the reasons for the transfer, but it formally announces Oracle's application to list on the NYSE and its intent to delist from NASDAQ. This is a significant strategic move indicating a preference for the NYSE for future trading.

Oracle expects its common stock to begin trading on the NYSE on July 15, 2013. The company informed NASDAQ that it plans to request NASDAQ cease trading its common stock at the close of market on July 12, 2013.

Oracle's Board of Directors has reinforced its commitment to returning capital to shareholders by declaring a quarterly cash dividend of $0.12 per share and authorizing an additional $12.0 billion for future share repurchases.