Steven Hershkowitz
Mr. Steven Hershkowitz, Executive Vice President and Chief Revenue Officer of Rimini Street, Inc. (the “ Company ”), resigned his position effective 8 September 2026 to pursue another opportunity.
Highest-materiality recent filing
Options total 210,084 shares at a $4.29 strike (Oct 1, 2026 closing price), 10-year term; the largest tranche of 100,000 vests one-third annually from Oct 1, 2027 to March 2, 2029.
Rimini Street reinstates Hershkowitz as EVP and Chief Revenue Officer
Steven Hershkowitz reinstated effective Sept 14, 2026, resuming EVP/Chief Revenue Officer duties held before his Sept 8 resignation.
Rimini Street CRO Hershkowitz resigns; COO Costello assumes revenue duties
Steven Hershkowitz resigned as EVP and Chief Revenue Officer effective Sept 8, 2026, to pursue another opportunity.
Rimini Street appoints Keith Costello as EVP & COO effective Aug 17, 2026
Costello, 60, joins from DXC where he was President, Enterprise Applications; earlier IBM GM Global SAP Business.
Revenue $111.1M, up 6.7% YoY; adjusted revenue $108.0M, up 10.0% YoY.
Seth A. Ravin re-elected with 63,184,115 votes for and 936,597 withheld; broker non-votes 18,003,879.
Rimini Street Q1 revenue up 1.2% to $105.5M; RPO up 16.4% to $643.6M; net income down to $1.4M
Revenue $105.5M (+1.2% YoY); subscription revenue $100.2M (95% of total).
Annual restricted payments (buybacks/dividends) capped at $20M from FY2026, up from prior $12.5M or 20% EBITDA.
Rimini Street approves 2026 LTI Plan for executives; CEO grant valued at $2.64M
CEO Seth Ravin gets $2.64M target grant: 354,838 PSUs, 212,903 RSUs, 221,028 options at $3.72 strike.
Rimini Street investor presentation for Q4 2025 filed; details unavailable from provided exhibit
Presentation dated Feb 20, 2026 covers period ending Dec 31, 2025.
Rimini Street Q4 rev down 3.9% to $109.8M; EPS $0.01; RPO record $652.9M
Revenue $109.8M (-3.9% YoY); subscription $104.9M (95.6% of total). Full year rev $421.5M (-1.7%).
Rimini Street files 8-K with investor presentation; no material new financial data provided
Investor presentation made available on December 3, 2025, for analyst and investor meetings.
Rimini Street appoints Vijay Kumar as EVP & Chief Innovation Officer
Effective Nov 24, 2025, Vijay Kumar transitions from EVP/COO to EVP/Chief Innovation Officer.
Rimini Street Q3 net income $2.8M vs loss; RPO record $611.2M, revenue down 1.2%
Revenue $103.4M (-1.2% YoY; +2.5% ex-PeopleSoft wind-down).
GAAP net income $30.3M ($0.32 diluted EPS) vs net loss $1.1M in prior year; includes $37.9M from Oracle settlement received July 9.
Rimini Street settles Oracle Rimini II case; Oracle to return $37.8M in fees
Settlement resolves Rimini II litigation; no party admits liability.
Rimini Street shareholders elect Robin Murray, approve say-on-pay and auditor at annual meeting
Robin Murray elected Class II director: 53,271,115 for, 13,076,309 withheld, 10,133,740 broker non-votes.
Rimini Street gets $58.5M Oracle fee award vacated; court allows new motion later
District Court vacated its September 2024 order awarding Oracle $58.5M in Rimini II attorneys' fees and costs.
Rimini Street changes COO Vijay Kumar's title to Executive VP and COO
COO Vijay Kumar's title changed to Executive Vice President and COO effective May 27, 2025.
Rimini Street transitions David Rowe to EVP/CMO; product management under COO
Effective May 19, 2025, David Rowe redefined from CPO & CMO to EVP & Chief Marketing Officer.
Rimini Street appoints Vijay Kumar as Chief Operating Officer
Vijay Kumar appointed COO effective May 6, 2025, reporting to CEO Seth Ravin.
Net income $3.4M (diluted EPS $0.04) vs $1.3M ($0.01) a year ago; Adjusted EBITDA $15.3M vs $10.7M.
Rimini Street gets modified permanent injunction; Oracle Lanham Act claims cut to 4 statements
District Court entered Modified Permanent Injunction on April 23, 2025, implementing Ninth Circuit's mandate.
Rimini Street regains Nasdaq compliance on Audit Committee composition
Received Nasdaq notice on March 6, 2025 confirming compliance with Listing Rule 5605(c)(2).
Rimini Street approves 2025 LTI Plan with PSUs, RSUs, and stock options for executives
CEO Seth Ravin receives target equity value of $2.4M (50% PSUs, 30% RSUs, 20% stock options).
Rimini Street fills audit committee vacancy, regains Nasdaq compliance
Jay Snyder appointed to Audit Committee effective March 1, 2025.
Q4 revenue $114.2M (+1.9% YoY); GAAP net income $6.7M ($0.07 EPS) vs $9.4M prior year period.
Ninth Circuit denies Oracle's rehearing petition in Rimini II litigation
On Feb 25, 2025, Ninth Circuit denied Oracle's petition for panel rehearing and rehearing en banc in Case No. 23-16038.
Ninth Circuit vacates most copyright infringement findings against Rimini Street in Oracle dispute
Vacated ruling that Rimini's software programs are derivative works based solely on interoperability with Oracle's products.
Revenue $104.7M, down 2.6% YoY; operating loss of $49.6M vs income of $11.2M.
Rimini Street ordered to pay Oracle $58.5M in Rimini II fees; appeals
District Court awarded Oracle $58.5M in attorneys' fees and costs; payment due by October 23, 2024.
Rimini Street receives Nasdaq non-compliance notice for audit committee vacancy
Nasdaq notified Rimini Street on Sept. 5, 2024, that it lacks a three-member audit committee due to Katrinka McCallum's resignation Aug. 2, 2024.
Director Katrinka McCallum resigns from Rimini Street Board effective August 2, 2024
McCallum resigned to pursue other endeavors; effective August 2, 2024.
Revenue $103.1M (-3.1% YoY); net loss $1.1M vs net income $4.3M YoY; diluted EPS ($0.01) vs $0.05 YoY.
Shareholders approve officer exculpation charter amendment at 2024 annual meeting
Stockholders approved amendment to certificate of incorporation to exculpate officers under Delaware law.
Rimini Street grants $4.3M in 2024 LTI awards to CEO, CFO, and other NEOs
CEO Seth Ravin receives 485,829 PSUs, 291,497 RSUs, and 309,997 options; total target grant value $2.4M.
Q1 revenue $106.7M (+1.2% YoY); net income $1.3M ($0.01 EPS) vs $5.6M ($0.06 EPS).
Rimini Street Q4 revenue $112.1M (+3.2%); net income $9.4M vs loss $5.3M YoY
Revenue $112.1M in Q4 (+3.2% vs $108.6M); FY revenue $431.5M (+5.3% vs $409.7M).
Rimini Street furnishes investor presentation for period ending Dec 31, 2023
Presentation covers financial highlights and outlook for FY2023.
Rimini Street opposes Oracle's $70.6M Rimini II attorneys' fee motion
Oracle sought ~$70.6M in attorneys' fees and taxable costs in Rimini II litigation on Nov 6, 2023.
Rimini Street CIO Steven Salaets transitions to EVP Special Projects, no longer executive officer
Steven Salaets moved from CIO & EVP, Global Shared Services to EVP, Special Projects, Office of the CEO effective Jan 15, 2024.
Rimini Street settles Oracle contempt proceedings for $9.7M payment
Paid $9.7M to Oracle on Dec 7, 2023 to resolve motion for attorneys' fees and costs related to contempt proceedings.
Oracle seeks $12.2M in attorneys' fees from Rimini Street in contempt proceeding
Oracle subsidiaries filed motion seeking ~$12.2M in attorneys' fees and costs for enforcing injunction.
Oracle seeks $70.6M in attorneys' fees in Rimini II litigation
Oracle filed a motion for $70.6 million in attorneys' fees and taxable costs on November 6, 2023.
Rimini Street Q3 revenue $107.5M (+5.4%), net income $6.8M vs loss year ago
Revenue $107.5M, up 5.4% YoY; subscription revenue $104.1M (96.9% of total).
Rimini Street Q2 revenue $106.4M (+5.2% YoY); net income jumps to $4.3M from $0.1M
Revenue $106.4M, up 5.2% YoY; subscription revenue 96.3% of total.
Rimini Street prevails on key legal points as Oracle withdraws all monetary claims in Rimini II
Oracle withdrew all monetary claims against Rimini Street and CEO Seth Ravin; non-jury trial on equitable claims ruled July 24, 2023.
Rimini Street 2023 annual meeting; all proposals approved by stockholders
90.5% of outstanding shares represented, quorum achieved.
Rimini Street Q1 revenue $105.5M (+7.8%); net income $5.6M (+82.7%); launches Rimini ONE
Revenue $105.5M (+7.8% YoY); net income $5.6M (+82.7%); diluted EPS $0.06 vs $0.03.
Rimini Street grants $4M in LTI awards to CEO/CFO; raises CEO salary to $475K
CEO Seth Ravin receives $3M LTI: 50% PSUs, 30% RSUs, 20% options.
Mr. Steven Hershkowitz, Executive Vice President and Chief Revenue Officer of Rimini Street, Inc. (the “ Company ”), resigned his position effective 8 September 2026 to pursue another opportunity.
On August 8, 2026, the Board of Directors (the “ Board ”) of Rimini Street, Inc. (the “ Company ”) appointed Mr. Keith C. Costello, age 60, as its Executive Vice President and Chief Operating Officer, with such appointment to be effective as of August 17, 2026.
Effective May 19, 2025, in connection with a restructuring of the organization’s product management function, Mr. David Rowe, the former Chief Product Officer, Chief Marketing Officer & EVP, Global Transformation of Rimini Street, Inc. (the “ Company ”), transitioned into a redefined role as the Company’s Executive Vice President and Chief Marketing Officer.
Effective as of May 6, 2025, Rimini Street, Inc. (the “ Company ”) appointed Mr. Vijay Kumar, age 50, as its Chief Operating Officer.
On August 2, 2024, Ms. Katrinka McCallum, a member of the Board of Directors (the “ Board ”) of Rimini Street, Inc. (the “ Company ”), delivered her written resignation as a member of the Board effective as of August 2, 2024 to pursue other endeavors.
Effective January 15, 2024, Mr. Steven Salaets, the former Chief Information Officer & EVP, Global Shared Services of Rimini Street, Inc. (the “ Company ”), transitioned into a new role as the Company’s Executive Vice President, Special Projects, Office of the CEO.
On July 25, 2022, Ms. Margaret (Peggy) Taylor, a member of the Board of Directors (the “ Board ”) of Rimini Street, Inc. (the “ Company ”) since January 2014, delivered her written resignation, reflecting notice of her decision to retire as a member of the Board effective as of the conclusion of quarterly Board and Board committee meetings currently scheduled for August 2, 2022.
On June 10, 2022, Mr. Gerard Brossard delivered notice of his resignation as Chief Operating Officer of Rimini Street, Inc. (the “ Company ”) to be effective at 5:00 p.m., Pacific Time, on June 10, 2022 (the “ Resignation Date ”) to pursue other opportunities.
On September 10, 2021, the Board of Directors (the “Board”) of Rimini Street, Inc. (the “Company”) appointed Katrinka B. McCallum, effective October 1, 2021, to serve as a Class II director until the Company’s 2022 annual meeting of stockholders or until her successor is duly elected and qualified.
Max materiality 0.85 · Median 0.55 · Most common event earnings