Business Context and Reporting Period
This Form 8-K Current Report was filed by Oracle Corporation on October 4, 2022. The report addresses corporate governance and management changes under Section 5, Item 5.02.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the departure of William Corey West, Executive Vice President and Chief Accounting Officer. Mr. West provided notice of his intent to retire effective December 31, 2022. Maria Smith has been appointed as the new Chief Accounting Officer, effective upon Mr. West's retirement.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. No specific risks, contingencies, or unusual items were disclosed in this report. The appointment of Ms. Smith is noted as having no related party transactions or family relationships with directors or officers.
Investor Verification Checklist
- Confirm the effective date of William Corey West's retirement (December 31, 2022).
- Verify Maria Smith's appointment as Chief Accounting Officer and her tenure history within Oracle.
- Review subsequent filings for any impact on financial reporting timelines due to the leadership transition.