secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0001635282-25-000062
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street approves 2025 LTI Plan with PSUs, RSUs, and stock options for executives
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- CEO Seth Ravin receives target equity value of $2.4M (50% PSUs, 30% RSUs, 20% stock options).
- CFO Michael Perica receives $1M target; other NEOs (Maddock, Lyskawa, Rowe) each $300K.
- PSUs earned based on 2025 adjusted EBITDA (50%) and total revenue (50%); payout 0-200% of target.
- All awards vest over three years; options exercise price $3.48; Ravin gets non-qualified options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528225000062/0001635282-25-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528225000062/rmni-20250306.htm
  HTML page:      https://secwatch.observer/filing/0001635282-25-000062

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