Business Context and Reporting Period
This Form 8-K Current Report was filed by Rimini Street, Inc. on November 9, 2018. The filing addresses a material corporate governance event regarding the departure of a senior executive and board member.
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
On November 9, 2018, Thomas C. Shay, Senior Vice President, Global Operations, Corporate Secretary, and a member of the Board of Directors, notified the Company of his retirement. His resignation from all roles is effective January 31, 2019.
Outlook and Management Commentary
Management anticipates that following his retirement, Mr. Shay may provide business operations consulting services to the Company, subject to mutual agreement. No financial guidance, risk factors, or unusual items were disclosed in this specific filing.
Investor Verification Checklist
- Confirm the exact effective date of Thomas C. Shay's retirement (January 31, 2019).
- Verify if a successor has been appointed for the roles of Senior Vice President, Global Operations, and Corporate Secretary.
- Review the terms of any potential consulting agreement to be entered into with Mr. Shay post-retirement.
- Check subsequent filings for the appointment of a new Board member to replace Mr. Shay.