secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2026-08-12T12:50:20+00:00
Accession:  0001635282-26-000060
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street appoints Keith Costello as EVP & COO effective Aug 17, 2026
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- Costello, 60, joins from DXC where he was President, Enterprise Applications; earlier IBM GM Global SAP Business.
- Base salary $460,000; target bonus 81.74% of salary under Cash Bonus Plan.
- Onboarding equity: 150,000 stock options and 150,000 RSUs, each vesting over 3 years.
- From 2027, LTI plan awards set at 50% of CEO's target grant value.
- Severance: 12 months salary + target bonus on termination without cause or for good reason; full equity vesting within 24 months post-change-of-control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528226000060/0001635282-26-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528226000060/rmni-20260812.htm
  HTML page:      https://secwatch.observer/filing/0001635282-26-000060

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