secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2022-06-10T23:59:59+00:00
Accession:  0001635282-22-000139
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street COO Gerard Brossard resigns effective June 10, 2022; severance includes $103,125 cash payment
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- Gerard Brossard resigned as COO effective June 10, 2022, to pursue other opportunities; no dispute with company.
- Severance: $103,125 cash (3 months' base salary), Q1 2022 cash bonus, prorated Q2 2022 target bonus, 3 months COBRA.
- Unvested equity awards forfeited; no additional FY2022 equity grants.
- Agreement includes customary release of claims, confidentiality, and non-disparagement provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528222000139/0001635282-22-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528222000139/rmni-20220610.htm
  HTML page:      https://secwatch.observer/filing/0001635282-22-000139

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