Summary
Oracle Corporation (ORCL) filed an 8-K on September 17, 2018, primarily to furnish a press release detailing its financial results for the fiscal first quarter ended August 31, 2018. While specific financial figures are not detailed within the 8-K itself, investors are directed to the accompanying press release (Exhibit 99.1) for this crucial information. This filing is also significant as it announces the declaration of a quarterly cash dividend and a substantial authorization for additional share repurchases, signaling a commitment to returning capital to shareholders.
Key Highlights
- 1Oracle announced its financial results for the first fiscal quarter ended August 31, 2018, via a press release furnished with this 8-K.
- 2The company's Board of Directors declared a cash dividend of $0.19 per share.
- 3This dividend is payable on October 30, 2018, to shareholders of record as of October 16, 2018.
- 4Oracle's Board authorized an additional $12.0 billion for common stock repurchases.
- 5The share repurchase authorization will be executed under the company's existing program in future quarters.
- 6The filing points investors to Exhibit 99.1 for the detailed press release containing quarterly financial performance.