Every material Form 8-K Rimini Street, Inc. has filed with the SEC since September 14, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Rimini Street reported fiscal third-quarter 2026 revenue of $112.1 million, up 8.3% from a year earlier, and net income of $6.5 million, up from $2.8 million. The company reiterated its fiscal 2026 "Rule of 20" guidance and expects fourth-quarter 2026 revenue of $117 million to $119 million.
Revenue was $112.1 million, up 8.3% from $103.4 million; excluding Oracle PeopleSoft revenue, Adjusted Revenue rose 10.7%.
Net income was $6.5 million, or $0.07 per diluted share, compared with $2.8 million, or $0.03 per diluted share, a year earlier.
Adjusted EBITDA was $15.1 million, up from $9.9 million; cash and cash equivalents were $93.3 million at September 30, 2026.
Fourth-quarter 2026 revenue is expected to be $117 million to $119 million; fiscal 2026 "Rule of 20" guidance was reiterated, not changed.
Rimini Street's Compensation Committee approved equity awards effective October 1, 2026 for Steven Hershkowitz, Executive Vice President and Chief Revenue Officer. The awards are meant to restore unvested equity forfeited when he resigned on September 8, 2026, and he was reinstated to his prior role as of September 14, 2026. The grants add options, restricted stock units and performance units that vest over several years, which dilutes shareholders only to the extent the awards are exercised or settled.
Options: 66,667, 18,301, 25,116 and 100,000 shares, exercisable at $4.29 per share with a 10-year term
RSUs: 100,002, 66,667, 22,989, 11,264 and 32,258 units, settleable into common shares on vesting
32,258 target performance units tied to 2026 adjusted EBITDA and total revenue goals for the year ending December 31, 2026
Hershkowitz resigned September 8, 2026 and was reinstated effective September 14, 2026
Rimini Street said Steven Hershkowitz, its Executive Vice President and Chief Revenue Officer, will return to that role effective September 14, 2026, after resigning on September 8, 2026, under a mutual agreement with the company, its CEO Seth Ravin and the Board. Duties shifted to Keith Costello during his absence are being handed back to Hershkowitz.
Reinstatement effective September 14, 2026, with prior titles, duties and responsibilities restored
Previous annual base salary of $480,000 and annual incentive opportunity of $320,000.16 under the Cash Bonus Plan reinstated, based on 100% attainment; base salary prorated for the rest of 2026
Chief Revenue Officer responsibilities and direct reports return from Keith Costello, Executive Vice President and Chief Operating Officer, to Hershkowitz
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Rimini Street, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →