Oracle Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by Oracle Corporation on March 10, 2021. The filing primarily serves to announce financial results for the fiscal third quarter ended February 28, 2021, and to disclose significant corporate actions regarding shareholder returns.
Key Financial Metrics
The filing references a press release (Exhibit 99.1) containing detailed results for the fiscal third quarter ended February 28, 2021. However, this specific 8-K text does not provide numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Investors must refer to the attached press release for these specific figures.
Material Changes and Corporate Actions
- Dividend Declaration: The Board of Directors declared a cash dividend of $0.32 per share of outstanding common stock.
- Dividend Schedule: The dividend is payable on April 22, 2021, to stockholders of record as of the close of business on April 8, 2021.
- Share Repurchase Authorization: The Board authorized an additional $20.0 billion for the repurchase of common stock under the existing share repurchase program to be executed in future quarters.
Guidance, Outlook, and Risks
This filing does not contain specific management commentary, forward-looking guidance, risk factors, or contingencies beyond the announcement of the dividend and share repurchase program. Detailed operational outlook and risk disclosures are contained within the referenced press release (Exhibit 99.1).
Key Facts for Investor Verification
- Verify the specific revenue and earnings per share figures for the fiscal third quarter ended February 28, 2021, in the attached press release (Exhibit 99.1).
- Confirm the total remaining authorization under the share repurchase program following the new $20.0 billion addition.
- Note the record date of April 8, 2021, for eligibility to receive the $0.32 per share dividend.