Oracle Furnishes Hilary Maxson's Appointment as Chief Financial Officer
Summary
Oracle Corporation announced on April 6, 2026, that Hilary Maxson will join as Chief Financial Officer, reporting to CEO Clay Magouyrk and leading the global finance organization (via Ex. 99.1). Ms. Maxson, age 48, previously served as Executive Vice President and Group Chief Financial Officer of Schneider Electric SE from 2020 until April 2026. - Annual base salary: $950,000. - Annual performance-based bonus target: $2,500,000. - Intended equity grant value: $26 million (80% time-based, 20% performance-based). - Relocation costs: Up to $250,000.
Why It Matters
This appointment is highly material as Ms. Maxson joins Oracle during a period of rapid growth driven by customer demand for cloud infrastructure, as noted in Exhibit 99.1. Her role will be critical in leading the global finance organization and implementing efficient approaches for capital allocation, capacity delivery, innovation, and producing profitable, recurring revenue to capitalize on this growth opportunity.
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Key Quote
“On April 6, 2026, Oracle Corporation ("Oracle") announced that Hilary Maxson will join Oracle as Chief Financial Officer on April 6, 2026.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001341439
- Filing Date
- Monday, April 6, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive