Rimini Street, Inc. — Form 8-K
Filed August 12, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 38/100
What the filing says
Rimini Street hired Keith Costello as EVP & Chief Operating Officer effective August 17, 2026, reporting to CEO Seth Ravin. Compensation includes $460,000 annual salary, 81.74% target bonus, 150,000 stock options (at fair market value, vesting ratably over 3 years), and 150,000 RSUs (vesting ratably over 3 years). Severance includes 12 months base salary and target bonus if terminated without Cause or for Good Reason; 100% equity acceleration applies if termination follows Change of Control within 24 months.
Why this rating
Routine C-suite hiring; ~$375K annual cost (salary + target bonus ~11% of $210M market cap) is moderate but typical for COO role. No material financial impact or business disruption disclosed.
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