Summary
Oracle Corporation filed an 8-K on December 16, 2015, reporting on several key events. The company announced its financial results for the second fiscal quarter ended November 30, 2015, through a press release furnished as Exhibit 99.1. Investors can refer to this exhibit for detailed performance metrics. Additionally, the filing disclosed the appointment of Renée James to Oracle's Board of Directors. Ms. James received initial equity grants, including stock options and restricted stock units, with a vesting schedule, and will be eligible for standard director compensation.
Key Highlights
- 1Oracle announced its financial results for the second fiscal quarter ended November 30, 2015.
- 2Renée James was appointed to Oracle's Board of Directors.
- 3Ms. James received an automatic stock option grant to purchase 9,375 shares of common stock.
- 4Ms. James was granted 2,343 restricted stock units (RSUs).
- 5Both stock options and RSUs granted to Ms. James vest 25% per year over four years.
- 6The Board of Directors declared a cash dividend of $0.15 per share, payable on January 27, 2016.
- 7The dividend is payable to stockholders of record as of January 6, 2016.