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.
Frequently Asked Questions
The filing announces increases in the annual base salaries for Messrs. Magouyrk, Sicilia, and Kehring to $950,000, effective September 30, 2025. Additionally, it outlines specific target cash bonus opportunities for fiscal year 2026 (FY26), with Messrs. Magouyrk and Sicilia each having a target of $5,000,000, and Mr. Kehring having a target of $950,000.
Messrs. Magouyrk and Sicilia are participating in the Oracle Executive Bonus Plan with a $5,000,000 target bonus opportunity for FY26. Mr. Kehring's bonus opportunity of $950,000 for FY26 is under Oracle's discretionary corporate bonus plan. Mr. Kehring is also eligible for equity awards, while the filing does not explicitly mention equity awards for Messrs. Magouyrk and Sicilia in this particular disclosure.
The salary increases are effective as of September 30, 2025. The outlined target cash bonus opportunities and potential equity awards are for the fiscal year ending May 31, 2026 (FY26).
This filing is an amendment (8-K/A) to a previous report, indicating that it is providing additional or corrected information related to an event that has already occurred.