UNITEDTable STATES SECURITIESof AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549Contents

~~FORM 8-K~~UNITED STATES SECURITIES AND EXCHANGE COMMISSION

~~CURRENT~~WASHINGTON, D.C. 20549 ~~REPORT~~

~~PURSUANT TO~~FORM ~~SECTION 13 OR 15(d) OF THE~~8-K ~~SECURITIES EXCHANGE ACT OF 1934~~

~~June 23,~~CURRENT REPORT ~~2006 Date~~PURSUANT ofTO ~~report~~SECTION 13 OR 15(~~date~~d) ofOF ~~earliest~~THE SECURITIES ~~event~~EXCHANGE ~~reported)~~ACT OF 1934

STELLENT, INC. (Exact name of registrant as specified in its charter)


December 12, 2006

Date of report (date of earliest event reported)

STELLENT, INC.

(Exact name of registrant as specified in its charter)

Minnesota	0-19817	41-1652566

(State of Incorporation)	(Commission file number)	(I.R.S. Employer Identification No.)

7500 Flying Cloud Drive, Suite 500
Eden Prairie, Minnesota		55344

(Address of principal executive offices)		(Zip Code)

Telephone Number: (952) 903-2000

(Registrant’s telephone number, including area code)

Minnesota		0-19817		41-1652566
(State of Incorporation)		(Commission file number)		(I.R.S. Employer Identification No.)

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 (see General Instruction A.2. below):

7500 Flying Cloud Drive, Suite 500 Eden Prairie, Minnesota		55344
(Address of principal executive offices)		(Zip Code)

		o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

		o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

		o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

		o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Telephone Number: (952)~~TABLE ~~903-2000 (Registrant’s~~OF ~~telephone number, including area code)~~CONTENTS

~~Check~~Item ~~the~~5.01 ~~appropriate~~Change ~~box below~~in ifControl ~~the~~of ~~Form 8-K~~Registrant. ~~filing~~Item is5.02. ~~intended~~Departure toof ~~simultaneously~~Directors ~~satisfy the~~or ~~filing~~Principal ~~obligation~~Officers; Election of ~~the~~Directors; ~~registrant~~Appointment ~~under any~~ of ~~the~~Principal ~~following provisions (see General Instruction A~~Officers.2. ~~below):~~SIGNATURES

o WrittenTable communicationsof pursuant to Rule 425 under the Securities Act (17 CFR 230.425)Contents

~~o Soliciting material pursuant to Rule~~Item ~~14a-12~~5.01 ~~under~~Change ~~the~~in ~~Exchange~~Control ~~Act~~of ~~(17 CFR 240~~Registrant.~~14a-12)~~

~~o Pre~~ On November 2, 2006, Stellent, Inc., a Minnesota corporation (“Stellent”) entered into an Agreement and Plan of Merger (“Merger Agreement”) with Oracle Systems Corporation, a Delaware corporation (“Parent”) and a wholly-~~commencement~~owned ~~communications~~subsidiary of Oracle Corporation, a Delaware corporation (“Oracle”), and Star Acquisition Corp., a Minnesota corporation (“Star Corp.”) and a wholly-owned subsidiary of Parent, providing for the merger of Star Corp. with and into Stellent. On November 13, 2006, pursuant to ~~Rule 14d-2~~the Merger Agreement, Star Corp. commenced a cash tender offer to acquire all of the shares of common stock, par value $0.01 per share (bthe “Shares”), of Stellent for the purchase price of $13.50 per Share in cash (the “Offer”), upon the terms and subject to the conditions disclosed in the Offer to Purchase on Schedule ~~under~~TO filed by Oracle, Parent and Star Corp. with the United States Securities and Exchange ~~Act~~Commission ~~(17~~on ~~CFR~~November 13, 2006, as amended or ~~240~~supplemented from time to time.~~14d-2(b))~~

~~o Pre-commencement~~ The ~~communications pursuant~~Offer toexpired ~~Rule~~at 12:00 midnight, New York City time, on December ~~13e-4(c) under~~11, 2006. As of the expiration ~~Exchange~~of ~~Act~~the offer period, approximately 28,803,497 Shares (17approximately ~~CFR~~92% of Stellent’s ~~240.13e-4~~outstanding Shares) were validly tendered and not withdrawn pursuant to the Offer (cincluding Shares tendered by notice of guaranteed delivery)) and Star Corp. has accepted such shares for payment.

~~Item~~ Based 5on the per Share consideration of $13.0250 ~~Departure~~and the number of ~~Directors~~outstanding orShares ~~Principal~~tendered and ~~Officers;~~accepted ~~Election~~for purchase, the value of ~~Directors;~~the ~~Appointment~~Shares purchased by Star Corp. as of ~~Principal~~December 12, ~~Officers~~2006 in connection with the Offer is approximately $389 million. Oracle, Parent and Star Corp. used cash and cash equivalents and short-term investments to pay the offer price for all Shares tendered in the Offer. The Offer is not conditioned upon any financing arrangements.

~~(b) On~~ Pursuant ~~June 23,~~to ~~2006,~~the Merger ~~Steven~~Agreement Cand effective upon acceptance for payment by Star Corp. ~~Waldron~~of ~~resigned~~the ~~from~~Shares pursuant to the Offer, Star Corp. was entitled to designate the number of directors on Stellent’s Board of Directors that equals the product of the total number of directors on Stellent~~, Inc.~~’s ~~and~~Board of Directors multiplied by the ~~committees~~ ratio of the ~~board~~number onof ~~which~~Shares heowned ~~served~~by Parent and Star Corp. to the total number of Shares then outstanding. On December 12, 2006, Parent and Star Corp. owned approximately 92% of the outstanding Shares.

~~SIGNATURES~~Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

~~Pursuant~~ On December 12, 2006, toWilliam ~~the~~B. ~~requirements~~Binch, Kenneth H. Holec, Alan B. Menkes, Philip E. Soran and Raymond A. Tucker resigned as directors of ~~the~~Stellent. ~~Securities~~Stellent’s Board of Directors appointed Eric R. Ball, Safra A. Catz, Daniel Cooperman, Lawrence J. Ellison, Jeffrey O. Henley, Gregory L. Hilbrich and ~~Exchange~~Charles ~~Act~~E. Phillips, Jr. as directors effective as of ~~1934~~December 12, 2006. Eric R. Ball, Safra A. Catz, Daniel Cooperman and Lawrence J. Ellison also were appointed to the ~~registrant~~Audit Committee of the Board of Directors of Stellent. Eric R. Ball, Safra A. Catz, Daniel ~~has~~Cooperman ~~duly~~and ~~caused~~Lawrence ~~this~~J. ~~report~~Ellison also were appointed to bethe ~~signed~~Compensation onCommittee ~~its~~of ~~behalf~~the byBoard of Directors of Stellent. Eric R. Ball, Safra A. Catz, Daniel Cooperman, Lawrence J. Ellison, Jeffrey O. Henley and Gregory L. Hilbrich also were appointed to the ~~undersigned~~Corporate ~~duly~~Governance and Nominating ~~authorized~~Committee of the Board of Directors of Stellent.

~~Date: June~~ Pursuant to the Merger Agreement and effective upon acceptance for payment by Star Corp. of the Shares pursuant to the Offer, Star Corp. was entitled to designate the number of directors on Stellent’s Board of Directors that equals the product of the total number of directors on Stellent’s Board of Directors multiplied by the ratio of the number of Shares owned by Parent and Star Corp. to the total number of Shares then outstanding. On December 2312, 2006, Parent and Star Corp. owned approximately 92% of the outstanding Shares.

~~STELLENT~~ There are no transactions, ~~INC.~~or ~~(Registrant)~~proposed Bytransactions, ~~/s/~~during ~~Darin~~the P.last ~~McAreavey~~two ~~Darin~~years P.to ~~McAreavey~~which Stellent ~~Executive~~was ~~Vice~~or ~~President,~~is ~~Chief~~to ~~Financial~~be ~~Officer~~a party, ~~Treasurer~~in ~~and~~which ~~Secretary~~the new directors have a direct or indirect material interest.

SIGNATURES

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

Date: December 12, 2006


	STELLENT, INC. (Registrant)
	By /s/ Darin P. McAreavey
	Darin P. McAreavey
	Executive Vice President, Chief Financial Officer, Treasurer and Secretary

UNITEDTable STATES SECURITIESof AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549Contents

o WrittenTable communicationsof pursuant to Rule 425 under the Securities Act (17 CFR 230.425)Contents

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