secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001635282-23-000109
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street grants $4M in LTI awards to CEO/CFO; raises CEO salary to $475K
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- CEO Seth Ravin receives $3M LTI: 50% PSUs, 30% RSUs, 20% options.
- CFO Michael Perica receives $1M LTI: 50% PSUs, 20% RSUs, 40% options.
- CEO base salary raised $25K to $475K; target annual incentive increased to $475K.
- CFO target annual incentive raised from $241K to $265K; base salary unchanged at $360K.
- PSUs vest over 3 yrs based on 2023 adjusted EBITDA and revenue goals; RSUs/options vest ratably.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528223000109/0001635282-23-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528223000109/rmni-20230406.htm
  HTML page:      https://secwatch.observer/filing/0001635282-23-000109

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