Summary
Oracle Corp (ORCL) has filed an 8-K/A amendment on October 5, 2025, detailing significant changes to the compensation of key executives, specifically Messrs. Magouyrk, Sicilia, and Kehring. These changes, approved by the Compensation Committee on September 30, 2025, reflect adjustments to base salaries and target cash bonus opportunities for the upcoming fiscal year ending May 31, 2026 (FY26). The amendment provides clarity on the remuneration structure for these critical officers, which is a routine but important disclosure for investors monitoring executive compensation and incentive alignment with company performance.
Key Highlights
- 1Effective September 30, 2025, annual base salaries for Messrs. Magouyrk, Sicilia, and Kehring were increased to $950,000.
- 2Messrs. Magouyrk and Sicilia each have an annual target cash bonus opportunity of $5,000,000 for FY26 under the Oracle Executive Bonus Plan.
- 3Mr. Kehring has an annual target cash bonus opportunity of $950,000 for FY26 under Oracle's discretionary corporate bonus plan.
- 4Mr. Kehring is also eligible for an ordinary course equity-based compensation award in FY26, subject to the Compensation Committee's discretion.
- 5These compensation adjustments are effective for the fiscal year ending May 31, 2026.