Oracle Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Oracle Corporation on September 17, 2018. The filing primarily serves to announce financial results for the fiscal first quarter ended August 31, 2018, and to disclose significant corporate actions regarding shareholder returns.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the press release furnished as Exhibit 99.1, which is referenced but not detailed in the body of this report.
Material Changes and Corporate Actions
- Dividend Declaration: The Board of Directors declared a cash dividend of $0.19 per share of outstanding common stock.
- Payment Details: The dividend is payable on October 30, 2018, to stockholders of record as of the close of business on October 16, 2018.
- Share Repurchase Authorization: The Board authorized the repurchase of up to an additional $12.0 billion of common stock under the existing share repurchase program in future quarters.
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, forward-looking guidance, risk factors, or contingencies. Investors are directed to the press release (Exhibit 99.1) for detailed operational results and outlook.
Key Facts for Investor Verification
- Verify the specific revenue and earnings figures for the fiscal quarter ended August 31, 2018, in the attached press release (Exhibit 99.1).
- Confirm the total remaining authorization under the share repurchase program following the new $12.0 billion addition.
- Note the record date of October 16, 2018, for eligibility to receive the $0.19 per share dividend.