UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 11, 2019
Oracle Corporation
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Delaware |
| 001-35992 |
| 54-2185193 |
(State or other jurisdiction of incorporation) |
| (Commission File Number) |
| (IRS Employer Identification No.) |
500 Oracle Parkway, Redwood City, California 94065
(Address of principal executive offices) (Zip Code)
(650) 506-7000
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, par value $0.01 per share 2.25% senior notes due January 2021 3.125% senior notes due July 2025 | ORCL
| New York Stock Exchange New York Stock Exchange New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 2—Financial Information
Item 2.02 Results of Operations and Financial Condition
On September 11, 2019, Oracle Corporation (“Oracle”) issued a press release announcing financial results for its fiscal first quarter ended August 31, 2019. A copy of this press release is furnished as Exhibit 99.1 to this report.
Section 5—Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On September 11, 2019, Mark V. Hurd, Chief Executive Officer and Director of Oracle, commenced a leave of absence to focus on his health. Mr. Hurd will continue to receive all employment benefits during his leave. Larry J. Ellison, Chief Technology Officer, and Safra A. Catz, Chief Executive Officer, will assume Mr. Hurd’s responsibilities during this time.
Section 8—Other Events
Oracle announced that its Board of Directors has declared a cash dividend of $0.24 per share of outstanding common stock payable on October 24, 2019, to stockholders of record as of the close of business on October 10, 2019. Oracle also announced that its Board of Directors authorized the repurchase of up to an additional $15.0 billion of common stock under its existing share repurchase program in future quarters.
Section 9—Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. |
| Description of Exhibit |
|
| |
99.1 |
| |
99.2 |
| Press Release dated September 11, 2019 regarding Mark V. Hurd |
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
| ORACLE CORPORATION | ||
|
|
|
| |||
Dated: September 11, 2019 |
|
|
| By: |
| /S/ WILLIAM COREY WEST |
|
|
|
|
|
| William Corey West Executive Vice President, Corporate Controller and Chief Accounting Officer |