Oracle Corporation - Shareholder/Analyst Call

Oracle Corporation (ORCL)

October 12, 2011 1:00 pm ET

Executives

Unknown Speaker -

Dorian Daley - Director

Jeffrey O. Henley - Chairman

Unknown Executive -

Lawrence J. Ellison - Co-Founder, Chief Executive Officer and Director

Presentation

Jeffrey O. Henley

Okay. Good morning, ladies and gentlemen. I'm Jeff Henley, Chairman of the Board of Directors. It's my pleasure to welcome all of you. In accordance with the notice of the meeting, I call to order the 34th Annual Meeting of the Stockholders of Oracle Corporation. Each stockholder was given an agenda for today's meeting. We will first conduct the formal portion of the shareholders' meeting in accordance with this agenda. Following adjournment of the formal portion of the meeting, we'll have a presentation. After which, we will have an opportunity for questions and discussion.

Before proceeding to the business of the meeting, I would like to make certain introductions. First, I would like to introduce myself and the other directors who are standing for election. So as I mentioned, my name is Jeff Henley. I've been a director since June 1995 and Chairman since January 2004. I previously served as Oracle's Chief Financial Officer from March 1991 to July 2004.

Larry Ellison has been our Chief Executive Officer and a director since he founded Oracle in June 1977. Long time, a long time.

Don Lucas was the Director of Oracle since March 1980. He is currently the Chair of the Finance and Audit Committee of the Board of Directors. He also is a member of the independent committee, and Don has been a self-employed venture capitalist since 1967, also a long time.

So Dr. Michael Boskin has been a Director of Oracle since April 1994. He is currently Vice Chair of the Finance and Audit Committee and a member of the Nomination and Governance Committee. Michael is the Tully M. Friedman Professor of Economics and Hoover Institution Senior Fellow at Stanford University.

Jeff Berg has been a director since February 1997 and is currently a member of the Nomination and Governance Committee. He is the Chairman and Chief Executive Officer of International Creative Management, Inc., one of the largest talent agencies in the entertainment industry.

Safra Catz has been a director since October 2001 and is a President and the Chief Financial Officer of Oracle.

Hector Garcia-Molina has been a director since October 2001 and is currently a member of the Independence Committee. He is the Leonard Bosack and Sandra Lerner Professor in the Departments of Computer Science and Electrical Engineering at Stanford University.

Ray Bingham has been director since November 2002 and serves as the chair of both the Nomination and Governance Committee and the Independence Committee, and is a member of the Finance & Audit committee. He is an Advisory Director of General Atlantic LLC, a leading global private equity firm.

Naomi Seligman has been a director since November 2005, and is currently a member of the Compensation Committee. She's a Senior Partner at Ostriker von Simson, a leading technology research firm, which chairs the CIO strategy exchange.

George Conrades has been director since January 2008, and is currently a member of the Nomination and Governance Committee and Compensation Committee. He is Chairman of Akamai technologies and previously served as Akamai's Chief Executive Officer.

Bruce Chizen has been a director since July 2008. He's currently the Chair of the Compensation Committee and an alternate member of the Finance and Audit committee. He's an independent consultant and serves as a senior advisor to Permira Advisers LLP, a leading private equity firm and a venture partner at Voyager Capital. He previously served as Adobe's Chief Executive Officer.

Mark Hurd has been a director since September 2010, and is the President of Oracle. Prior to joining Oracle, he was Chairman and CEO of Hewlett-Packard Company.

Seated next to me is Dorian Daley, Oracle's general counsel and secretary.

Also present today are 2 representatives from Ernst & Young LLP, our independent registered public accounting firm, Alex Bender and David Cabral. Prior to this meeting we asked if they wish to make any statement at today's meeting, and they indicated that while they will not make a formal presentation, they would be glad to respond to any questions during the question-and-answer period.

Finally, we are assisted today by Joshua McGinn, a representative of BNY Mellon Shareholder Services, our inspector of elections in the tabulation of proxies and ballots. The minutes of last year's annual meeting are available, and any stockholder wishing to inspect the minutes should contact our corporate secretary.

Okay, so now let's move on to the formal portion of the meeting. Dorian Daley will now report on the mailing of the notice of this meeting.

Dorian Daley

Thank you, Mr. Chairman. This meeting is held pursuant to a notice dated August 26, 2011. On or about August 26, 2011, each stockholder of record as of the close of business on August 15, 2011, we sent either a notification of Internet availability of proxy materials with the notice itself. All documents concerning notice of the meeting will be filed with the records of the meeting. A proof of mailing and a list of stockholders entitled to vote are both available for inspection by any stockholder wishing to do so.

Jeffrey O. Henley

Dorian will now advise whether a quorum is present at the meeting and canvass the stockholders present. Those stockholders who have returned proxies have authorized the persons identified in the proxies to vote on the proposals coming before the meeting.

Read the rest of this transcript for free on seekingalpha.com

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