Oracle Corporation 8-K

Summary

Oracle appointed Hilary Maxson CFO and Principal Financial Officer, effective 4/6/2026. She will lead global finance and report to CEO Clay Magouyrk. Douglas Kehring stepped down as Principal Financial Officer and a Section 16 officer, remaining EVP, Operations. Oracle cited strong cloud demand and the need for disciplined capital allocation and capacity expansion.

Key Figures

• Annual base salary: $0.95M; annual performance-based bonus target: $2.5M, prorated from 4/6/2026 through Oracle’s fiscal year-end on 5/31/2026.
• Intended equity grant value: $26M after she starts—$20.8M time-based equity and $5.2M performance-based equity. She may elect 100% stock options or an equal split of stock options and restricted stock units.
• Time-based equity vests over four years: 40% at year one, 30% at year two, 20% at year three and 10% at year four, subject to continued service. Performance equity is subject to continued service and revenue metrics over the three-year period ending 5/31/2028.
• Relocation costs: reimbursement of up to $0.25M during the 12 months after her start date.