secwatch.observer — SEC 8-K summary
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Issuer:     ORACLE CORP (ORCL)
CIK:        0001341439
Form:       8-K
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0001193125-26-142939
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oracle appoints Hilary Maxson as CFO, effective April 6, 2026; Kehring steps down as principal financial officer
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- Hilary Maxson named CFO; previously EVP and Group CFO at Schneider Electric, with $45B revenue.
- Maxson receives $950K base salary, $2.5M target bonus, $26M equity grant (80% time-based, 20% performance), and up to $250K relocation.
- Outgoing CFO Doug Kehring transitions to EVP of Operations, stepping down as principal financial officer but remaining at Oracle.
- Maxson will serve as principal financial officer and lead global finance; reports to CEO Clay Magouyrk.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341439/000119312526142939/0001193125-26-142939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341439/000119312526142939/d132760d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-142939

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