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. on March 12, 2020. The filing primarily serves to announce the Company's financial results for the fourth quarter and full fiscal year ended December 31, 2019, via a press release attached as Exhibit 99.1. Additionally, the report discloses a change in the Company's principal financial officer effective March 12, 2020.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the press release (Exhibit 99.1) referenced in Item 2.02 but are not detailed in the body of this 8-K document.
Material Changes and Corporate Actions
- Leadership Change: Stanley Mbugua, previously the Group Vice President and Chief Accounting Officer, was designated as the Company's Principal Financial Officer (PFO) effective March 12, 2020. He is authorized to execute SEC filings and certifications.
- Financial Results: The Company reported results for the period ended December 31, 2019, though specific comparative data against prior periods is not included in this text.
Guidance, Outlook, and Risks
The filing does not contain specific management commentary, forward-looking guidance, or a detailed discussion of risks and contingencies within the main text. Such information is referenced as being available in the attached press release (Exhibit 99.1). The filing includes standard disclaimers that the financial results information is not deemed "filed" under the Exchange Act unless specifically incorporated by reference.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q4 and full-year 2019 revenue, earnings, and cash flow figures.
- Verify the specific reasons for the change in Principal Financial Officer and any potential impact on financial reporting continuity.
- Check for any forward-looking statements or updated guidance included in the referenced press release.
- Confirm the trading status of the Company's securities (Common Stock on Nasdaq; Public Units and Warrants on OTC Pink).