A maker of cloud applications and cloud infrastructure that power much of the world's business software—from NetSuite accounting and Fusion Cloud ERP to database and AI computing services used by hospitals, retailers, and governments. Founded in 1977 as Software Development Laboratories by Larry Ellison and two partners, the company took its name from "Oracle," the codename of a CIA database project the founders had worked on earlier. Its first database shipped as "Oracle v2," deliberately skipping version 1 to sound more established.
Oracle elects Tomislav Mihaljevic, M.D., to its Board of Directors, effective May 6, 2026
Dr. Mihaljevic is CEO and President of Cleveland Clinic, a position he has held since January 2018.
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Oracle's Board unanimously elected Tomislav Mihaljevic, M.D., as a director, effective May 6, 2026, and increased the Board size to 13.
He will receive restricted stock units on May 31, 2026, under Oracle's Amended and Restated 1993 Directors' Stock Plan, vesting on the first anniversary of grant, plus standard cash compensation for non-employee directors.
He has not been named to any Board committee and has no reportable related party transactions or family relationships with Oracle officers or directors.
Oracle issued a press release on May 12, 2026, announcing the appointment, which is attached as Exhibit 99.1.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Oracle appoints Hilary Maxson as CFO, effective April 6, 2026
Maxson's compensation includes a $950,000 base salary, a $2.5 million target bonus, up to $250,000 in relocation costs, and an equity grant valued at $26 million.
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Hilary Maxson, formerly EVP and Group CFO at Schneider Electric, becomes Oracle's CFO and Principal Financial Officer on April 6, 2026.
Douglas Kehring steps down as Principal Financial Officer and Section 16 officer but remains EVP of Operations.
Maxson will report to CEO Clay Magouyrk and lead Oracle's global finance organization.
The appointment was announced via press release on April 6, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Oracle issues 100M depositary shares of 6.50% Series D Mandatory Convertible Preferred Stock
On February 2, 2026, Oracle entered into an underwriting agreement with BofA Securities, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, and J.P. Morgan to sell 100,000,000 depositary shares, each representing a 1/2,000th interest in a share of 6.50% Series D Mandatory Convertible Preferred Stock.
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The offering closed on February 5, 2026, under Oracle's shelf registration statement on Form S-3.
The preferred stock has a liquidation preference of $100,000 per share and accumulates dividends at 6.50% annually, payable quarterly starting April 15, 2026 through January 15, 2029.
Each share of preferred stock will automatically convert into between 499.8126 and 624.7657 shares of common stock, based on the average volume-weighted price over a 20-day period ending before January 15, 2029.
Oracle filed a certificate of designations with Delaware to establish the rights of the preferred stock, including restrictions on common stock dividends unless preferred dividends are paid.
1.01 Entry into a Material Definitive Agreement · 3.03 Material Modification to Rights of Security Holders · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 9.01 Financial Statements and Exhibits
Oracle enters $20B ATM equity offering and issues $25B in notes
Oracle entered an equity distribution agreement on Feb 2, 2026, to sell up to $20.0 billion of common stock through an at-the-market offering program.
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Sales agents include BofA Securities, Citigroup, Deutsche Bank, Goldman Sachs, and J.P. Morgan, with additional agents joining on Feb 3, 2026.
On Feb 4, 2026, Oracle issued $25 billion aggregate principal amount of notes across eight tranches with maturities from 2029 to 2066.
Net proceeds from the notes offering will be used for general corporate purposes, including capital expenditures, debt repayment, investments, acquisitions, dividends, or share repurchases.
The ATM offering and notes offering are made under Oracle's existing shelf registration statement.
1.01 Entry into a Material Definitive Agreement · 8.01 Other Events · 9.01 Financial Statements and Exhibits