secwatch.observer — SEC 8-K summary
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Issuer:     ORACLE CORP (ORCL)
CIK:        0001341439
Form:       8-K/A
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001193125-25-036873
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Oracle amends Screven retirement; EVP stays part-time as Technical Advisor, salary cut 50%
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- Edward Screven retires as EVP, Chief Corporate Architect; remains as Technical Advisor part-time starting March 1, 2025.
- Salary reduced 50% to $450,000 per annum; Screven ceases to be an executive officer.
- 50% of outstanding unvested RSUs from Aug 2021, Sep 2022, Sep 2023, and Sep 2024 grants cancelled.
- No longer in Executive Bonus Plan; eligible for discretionary bonus if fiscal-year pool funded.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341439/000119312525036873/0001193125-25-036873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341439/000119312525036873/d903740d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-036873

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer