secwatch.observer — SEC 8-K summary
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Issuer:     ORACLE CORP (ORCL)
CIK:        0001341439
Form:       8-K
Filed at:   2026-05-12T20:50:49+00:00
Accession:  0001193125-26-219708
Event type: leadership
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oracle elects Cleveland Clinic CEO Tomislav Mihaljevic to Board of Directors
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- Board expanded to 13 members; election effective May 6, 2026.
- Dr. Mihaljevic is CEO and President of Cleveland Clinic (since 2018) and former GE HealthCare director.
- Will receive standard non-employee director RSUs vesting on first anniversary and cash compensation.
- No related-party transactions or family relationships with Oracle officers reported.
- No committee assignment at this time; directors stand for re-election at Nov 2026 annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341439/000119312526219708/0001193125-26-219708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341439/000119312526219708/d76569d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-219708

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