Oracle Corporation (NYSE:ORCL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The Board of Directors of Oracle Corporation (the “Board”) unanimously elected Charles (Wick) Moorman IV and William G. Parrett to serve as directors, effective as of May9, 2018. It is anticipated that Mr.Moorman and Mr.Parrett will each join committees of the Board in the future.
Mr.Moorman and Mr.Parrett will each receive an automatic annual equity grant of restricted stock units (“RSUs”) for non-employee directors on May31, 2018. The RSUs will vest on the first anniversary of the date of grant. Mr.Moorman and Mr.Parrett will also receive the standard cash compensation for our non-employee directors.
Mr.Moorman and Mr.Parrett have entered into our standard form of indemnification agreement to which we will indemnify each director for certain actions taken in the capacity as a director.
Section9 – Financial Statements and Exhibits
Item 5.02 Financial Statements and Exhibits
ORACLE CORP ExhibitEX-99.1 2 d585930dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 [email protected] [email protected] ORACLE NAMES CHARLES W. MOORMAN IV AND WILLIAM G. PARRETT TO THE BOARD OF DIRECTORS REDWOOD SHORES,…To view the full exhibit click
About Oracle Corporation (NYSE:ORCL)
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support. Its hardware business consists of two segments, including hardware products and hardware support. The Company’s services business includes the remainder of the Company’s segments. Its services business includes activities, such as consulting services, enhanced support services and education services, among others.