Rimini Street reinstates CRO Hershkowitz at $480K

Rhea-AI Filing Summary

Rimini Street, Inc. (RMNI) reports that, effective September 14, 2026, Steven Hershkowitz is being reinstated as Executive Vice President and Chief Revenue Officer, resuming the same titles, duties and responsibilities he held before his resignation on September 8, 2026. The Board’s Compensation Committee approved reinstating his prior $480,000 annual base salary and annual incentive opportunity of $320,000.16 under the company’s Cash Bonus Plan, with base salary prorated for the remainder of 2026. Chief Revenue Officer responsibilities and direct reports previously shifted to Executive Vice President and Chief Operating Officer Keith Costello have been reassigned to Hershkowitz, with no change to Costello’s employment terms.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Effective date of reinstatement: September 14, 2026 Annual base salary: $480,000 Annual incentive opportunity: $320,000.16 +4 more

7 metrics

Effective date of reinstatement September 14, 2026 Date on which Steven Hershkowitz was reinstated as EVP and Chief Revenue Officer

Annual base salary $480,000 Reinstated base salary for Steven Hershkowitz as of September 14, 2026

Annual incentive opportunity $320,000.16 Cash Bonus Plan opportunity at 100% objective attainment for Hershkowitz

Prior resignation date September 8, 2026 Date of Hershkowitz’s previously reported resignation

Start at Rimini Street April 2024 Month and year Hershkowitz originally joined as EVP and Chief Revenue Officer

Virtana CRO tenure February 2022 to April 2024 Period Hershkowitz served as Chief Revenue Officer at Virtana Corporation

HPE tenure April 2010 to February 2022 Period Hershkowitz held multiple roles at Hewlett Packard Enterprise

Key Terms

Emerging growth company, Cash Bonus Plan, Inline XBRL, High Performance Compute and AI

4 terms

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Cash Bonus Plan financial

"annual incentive compensation opportunity under the Company’s Cash Bonus Plan"

Inline XBRL technical

"Cover Page Interactive Data File (embedded within the Inline XBRL document)"

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

High Performance Compute and AI technical

"running the High Performance Compute and AI organization"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What leadership change did Rimini Street (RMNI) announce on September 14, 2026?

Rimini Street announced that Steven Hershkowitz was reinstated as Executive Vice President and Chief Revenue Officer effective September 14, 2026, resuming the same titles, duties and responsibilities he held before resigning on September 8, 2026.

What is Steven Hershkowitz’s compensation as Chief Revenue Officer at RMNI?

The Compensation Committee approved reinstating his prior $480,000 annual base salary and an annual incentive compensation opportunity of $320,000.16 under Rimini Street’s Cash Bonus Plan, based on 100% attainment of all objectives. His 2026 base salary will be prorated for the remainder of the calendar year.

How are Chief Revenue Officer responsibilities allocated at Rimini Street after this 8-K?

Effective September 14, 2026, Chief Revenue Officer responsibilities and direct reports that had been transferred to Executive Vice President and Chief Operating Officer Keith Costello were reassigned to Steven Hershkowitz, with no impact on Costello’s employment arrangement.

What prior experience does RMNI’s reinstated CRO, Steven Hershkowitz, have?

Steven Hershkowitz joined Rimini Street as Executive Vice President and Chief Revenue Officer in April 2024. He was Chief Revenue Officer at Virtana Corporation from February 2022 to April 2024 and held multiple roles at Hewlett Packard Enterprise from April 2010 to February 2022.

Does Steven Hershkowitz have any related-party relationships or arrangements at RMNI?

Rimini Street states that Hershkowitz was not reappointed pursuant to any arrangement or understanding with any other person, has no family relationships with any executive officer or director, and is not party to any transaction disclosable under Item 404(a) of Regulation S-K.

Is Keith Costello’s role or compensation affected by RMNI’s CRO reinstatement?

The company reports that, although Chief Revenue Officer responsibilities and direct reports were reassigned back to Steven Hershkowitz, there is no impact on Executive Vice President and Chief Operating Officer Keith Costello’s employment arrangement with Rimini Street.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/14/2026 - 08:31 AM Accepted by SEC EDGAR 09/14/2026 - 08:30 AM Learn about SEC filing dates

0001635282false00016352822026-09-142026-09-140001635282us-gaap:CommonStockMember2026-09-142026-09-14

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

 CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

September 14, 2026 (September 14, 2026)

Date of Report (date of earliest event reported)

Rimini Street, Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-37397			36-4880301
(State or other jurisdiction of incorporation or organization)			(Commission File Number)			(I.R.S. Employer Identification Number)

1700 S. Pavilion Center Drive, Suite 330

Las Vegas, NV 89135

(Address of principal executive offices) (Zip Code)

(702) 839-9671

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbol(s)

Name of each exchange on which registered:

Common Stock, par value $0.0001 per share

RMNI

The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2) of this chapter.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

Effective as of September 14, 2026, Mr. Steven Hershkowitz will be reinstated as the Executive Vice President and Chief Revenue Officer of Rimini Street, Inc. (the “Company”) and will resume his same job titles, duties and responsibilities as were in effect immediately prior to his previously reported resignation on September 8, 2026, per the mutual agreement of Mr. Hershkowitz, Mr. Seth Ravin, the Company’s President, Chief Executive Officer and Chairman of the Board, and the Company’s Board of Directors (the “Board”).

The Compensation Committee of the Board has approved reinstating Mr. Hershkowitz’s previous annual base salary ($480,000) and previous annual incentive compensation opportunity under the Company’s Cash Bonus Plan ($320,000.16), based on 100% attainment of all objectives, in each case as in effect as of September 8, 2026. Mr. Hershkowitz’s base salary will be prorated for the remainder of the 2026 calendar year.

Also effective as of September 14, 2026, Chief Revenue Officer responsibilities and direct reports that were previously reported to have been transferred to Mr. Keith Costello, the Company’s Executive Vice President and Chief Operating Officer, have been reassigned to Mr. Hershkowitz, with no impact on Mr. Costello’s employment arrangement with the Company.

Mr. Hershkowitz originally joined the Company as its Executive Vice President and Chief Revenue Officer in April 2024. Prior to joining the Company, from February 2022 to April 2024, Mr. Hershkowitz was the Chief Revenue Officer at Virtana Corporation, where he ran global sales, transforming the company from a hardware-based perpetual license business to a robust software, subscription and SaaS model. Previously, from April 2010 to February 2022, Mr. Hershkowitz served in multiple roles at Hewlett Packard Enterprise (“HPE”), most recently as Vice President and General Manager, running the High Performance Compute and AI organization. Prior to this role, he was Vice President and General Manager of HPE’s North America Large Enterprise. Mr. Hershkowitz is a distinguished veteran of the United States Air Force where he served honorably. Mr. Hershkowitz studied Business Administration and Management at the University of Maryland.

Mr. Hershkowitz was not reappointed as an executive officer of the Company pursuant to any arrangement or understanding with any other person. Mr. Hershkowitz does not have any family relationships with any executive officer or director of the Company, and he is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)    Exhibits.

Exhibit No.						Exhibit Title
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

1

SIGNATURES

`    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

RIMINI STREET, INC.

Dated: September 14, 2026

By:

/s/ Seth A. Ravin

Name:  Seth A. Ravin

Title:  President and Chief Executive Officer

2

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.1 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 15.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 26.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 15.8 KB