8-KEarnings & ResultsLeadership ChangesOther Events+1

ORACLE CORP 8-K Report, Financial Results (Dec 16, 2015)

Filed December 16, 2015For Securities:ORCLORCL-PD

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.

Frequently Asked Questions

Oracle issued a press release on December 16, 2015, announcing its financial results for the fiscal second quarter ended November 30, 2015. Investors should refer to Exhibit 99.1 attached to this 8-K filing for the detailed financial performance.

Renée James has joined Oracle Corporation's Board of Directors. While not currently on any committees, she is expected to join them in the future. Her appointment brings new leadership and experience to the board.

Upon her appointment, Ms. James received an automatic grant of stock options to purchase 9,375 shares of common stock and 2,343 restricted stock units (RSUs) under the Directors' Plan. These grants vest over four years, and she will also receive standard cash compensation for non-employee directors.

Oracle's Board of Directors declared a cash dividend of $0.15 per share. This dividend is payable on January 27, 2016, to shareholders who are on record as of the close of business on January 6, 2016.