Short answer
Oracle Corporation (ORCL) filed an 8-K current report with the SEC on April 6, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Hilary Maxson becomes Oracle CFO and Principal Financial Officer on April 6, 2026, succeeding Douglas Kehring.
Oracle Corporation 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Hilary Maxson becomes Oracle CFO and Principal Financial Officer on April 6, 2026, succeeding Douglas Kehring
- Maxson brings Schneider Electric global finance leadership and capital-allocation experience
- Annual compensation includes $950,000 salary, $2.5 million target bonus, and $26 million equity grant
- Equity grant: $20.8 million time-based and $5.2 million performance-based, tied partly to revenue metrics through May 31, 2028
- Kehring remains Executive Vice President, Operations, preserving continuity on Oracle’s strategic initiatives
Item 7.01 · Regulation FD Disclosure
- Oracle announced Ms. Maxson’s appointment as Chief Financial Officer on April 6, 2026
- CFO transition creates potential implications for financial strategy, capital allocation, and investor communications
- Full appointment details and terms appear in Exhibit 99.1
Item EX-99.1 · Exhibit EX-99.1
- Hilary Maxson appointed CFO effective April 6, 2026, replacing interim Principal Financial Officer Doug Kehring
- Maxson brings capital-intensive infrastructure and software experience from Schneider Electric and AES
- Leadership change arrives amid cloud infrastructure demand exceeding supply and accelerating AI-related growth
- Oracle cited over 20% growth in organic total revenue and non-GAAP EPS in its most recent quarter
- CFO mandate centers on disciplined capital allocation, capacity expansion, and profitable recurring cloud revenue
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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