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AI brief of an SEC Form 8-K · Oracle (ORCL)

Oracle Names Hilary Maxson as Chief Financial Officer Effective April 6, 2026

Neutral Impact 4 of 5 leadership Written later

Oracle appointed Hilary Maxson, formerly Executive Vice President and Group Chief Financial Officer of Schneider Electric, as its Chief Financial Officer effective April 6, 2026. Douglas Kehring stepped down as principal financial officer on the same date and will remain Executive Vice President, Operations, and the filing lists her pay package, including an intended equity grant of $26 million.

Key points

  • Hilary Maxson, 48, reports to CEO Clay Magouyrk and will serve as Oracle's Principal Financial Officer starting April 6, 2026.
  • Douglas Kehring steps down as principal financial officer and Section 16 officer effective April 6, 2026, and continues as Executive Vice President, Operations.
  • Maxson's pay includes a $950,000 annual base salary, a $2.5 million target bonus prorated to the May 31, 2026 fiscal year end, and an intended equity grant of $26 million, 80% time-based and 20% performance-based.

The filing

CompanyOracle (ORCL)
Form8-K, current report
Filed with the SECApr 6, 2026, 8:12 AM ET
Accession number0001193125-26-142939

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 06, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.