Rimini Street, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Rimini Street, Inc. (RMNI) on September 14, 2026. The filing addresses a significant change in executive leadership effective as of the filing date.
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
Effective September 14, 2026, Mr. Steven Hershkowitz has been reinstated as Executive Vice President and Chief Revenue Officer. This reverses his resignation reported on September 8, 2026. Consequently, Chief Revenue Officer responsibilities previously transferred to Mr. Keith Costello (Executive Vice President and Chief Operating Officer) have been reassigned to Mr. Hershkowitz.
Management Commentary and Compensation
The Compensation Committee approved the reinstatement of Mr. Hershkowitz's previous compensation terms:
- Annual Base Salary: $480,000 (prorated for the remainder of 2026).
- Annual Incentive Opportunity: $320,000.16 under the Cash Bonus Plan (based on 100% attainment).
Mr. Hershkowitz originally joined the company in April 2024. The filing notes no family relationships with other executives and no undisclosed transactions.
Investor Verification Checklist
- Verify the operational impact of the leadership reversal on sales strategy and execution.
- Confirm the specific terms of the mutual agreement between Mr. Hershkowitz, the CEO, and the Board.
- Review subsequent filings for any changes to the company's revenue guidance following this leadership change.
- Check for any undisclosed reasons regarding the initial resignation on September 8, 2026.