01—Abstract
Summary
Summary of the 8-K/A filed October 6, 2025. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Effective September 30, 2025, annual base salaries for Messrs. Magouyrk, Sicilia, and Kehring were increased to $950,000.
- Messrs. Magouyrk and Sicilia each have an annual target cash bonus opportunity of $5,000,000 for FY26 under the Oracle Executive Bonus Plan.
- Mr. Kehring has an annual target cash bonus opportunity of $950,000 for FY26 under Oracle's discretionary corporate bonus plan.
- Mr. Kehring is also eligible for an ordinary course equity-based compensation award in FY26, subject to the Compensation Committee's discretion.
- These compensation adjustments are effective for the fiscal year ending May 31, 2026.
03—Questions
Frequently Asked Questions
What are the key changes in executive compensation disclosed in this filing?
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.
How do these bonus structures differ between the executives mentioned?
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.
What is the timeframe for these compensation changes?
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).
Is this filing an initial report or an amendment?
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.
04—Continue