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
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(602 ) 850-5000
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | ||||
On February 9, 2021, the Compensation Committee (“Committee”) of the Board of Directors of Limelight Networks, Inc. (“Limelight”) reviewed the attainment levels for the annual bonus payout with respect to services performed in fiscal year 2020 for participants under Limelight’s Master Executive and Management Bonus Plan, a copy of which was furnished with a Current Report on Form 8-K on May 19, 2009 (the “Plan”). The bonus amounts were based upon achievement of the criteria set forth in the Plan and Limelight’s financial results for fiscal year 2020. Participants include Limelight’s principal executive officer, principal financial officer, and the other named executive officers. The table below sets forth the bonuses awarded to Limelight’s principal executive officer, principal financial officer, and other named executive officers:
| Executive Officer | FY 2020 annual incentive equity grant value | ||||
Robert A. Lento Former President, Chief Executive Officer and Director | $408,000 | ||||
Daniel Boncel Senior Vice President, Chief Financial Officer | $78,625 | ||||
Sajid Malhotra Former Senior Vice President, Chief Financial Office | $232,900 | ||||
Tom Marth Senior Vice President, Sales | $210,800 | ||||
Michael DiSanto Senior Vice President, Chief Administrative and Legal Officer & Secretary | $167,450 | ||||
Kurt Silverman Former Senior Vice President, Development and Deliver | $114,113 | ||||
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.
| LIMELIGHT NETWORKS, INC. | ||||||||||||||
| Dated: February 12, 2021 | By: | /s/ Michael DiSanto | ||||||||||||
Michael DiSanto Chief Administrative and Legal Officer & Secretary | ||||||||||||||