SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 31, 2021
LIMELIGHT NETWORKS, INC.
(Exact name of Registrant as specified in its charter)
|(State or other jurisdiction of|
incorporation or organization)
1465 North Scottsdale Road Suite 400
Scottsdale, AZ 85257
(Address, including zip code, of principal executive offices)
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading Symbol(s)||Name of exchange on which registered|
|Common stock, par value $0.001 per share||LLNW||NASDAQ|
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):
|☐||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))|
|Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).|
|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.||☐|
On March 31, 2021, Limelight Networks, Inc. (“Limelight”) issued a press release announcing that Dave Peterschmidt, has been appointed to the role of non-executive chairman of our Board of Directors (“Board”), effective April 1, 2021. This change is another important step that builds on the recent management changes to position Limelight for growth, profitability, and building shareholder value. Walt Amaral, who has served in the role for the last eight years, will remain on the Board.
Dave has served as a director at Limelight since 2007. He has nearly 20 years of experience as a CEO in the technology industry. His experience includes being the CEO and a member of the board of directors of CIBER, Inc., a global information technology consulting services and outsourcing company, as President and CEO of Openwave Systems, Inc., as CEO and Chairman of Securify, Inc., and CEO and Chairman of Inktomi, Inc. Dave received a B.A. in Political Science from the University of Missouri and an M.A. from Chapman College.
The full text of this press release is furnished herewith as Exhibit 99.1.
The information in this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Financial Statements and Exhibits
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: March 31, 2021||By:||/s/ Michael DiSanto|
Chief Administrative and Legal Officer & Secretary
Limelight Networks Names Current Board Member David C. Peterschmidt Non-Executive Chairman
SCOTTSDALE, Ariz., March 31, 2021 — Limelight Networks, Inc. (NASDAQ: LLNW), a leading provider of video delivery and edge cloud access services, today announced the appointment of Dave Peterschmidt as non-executive chairman. This change is another important step that builds on the recent management changes to position the company for growth, profitability and building shareholder value. Walt Amaral will remain on the company’s board of directors.
“Dave has been a strong partner and brings a broad range of operational and transformational experience in technology coupled with deep understanding of our business and industry. Transforming this company requires close alignment across all stakeholders, including our board of directors. It's also good corporate governance practice to rotate board roles to maintain a fresh perspective,” said Bob Lyons, Chief Executive Officer at Limelight Networks.
Dave has served as a director at Limelight Networks since 2007. He has nearly 20 years of experience as a CEO in the technology industry. His experience includes being the CEO and a member of the board of directors of CIBER, Inc., a global information technology consulting services and outsourcing company, as President and CEO of Openwave Systems, Inc., as CEO and Chairman of Securify, Inc., and CEO and Chairman of Inktomi, Inc. Dave received a B.A. in Political Science from the University of Missouri and an M.A. from Chapman College.
“The changes happening at Limelight across a number of areas are exciting and allow us to capitalize on the enormous opportunity in front of us,” said Peterschmidt. “I’m honored to be named Chairman of the Board and be a part of taking Limelight to the next level.”
Limelight Networks, Inc. is an industry-leader in edge access and content delivery services that provides powerful tools and a customer-first approach to optimize and deliver digital experiences at the edge. We are a trusted partner to the world’s biggest brands and serve their global customers with experiences such as livestream sporting events, global movie launches, video games or file downloads for new phone apps. Limelight offers one of the largest, best-optimized private networks coupled with a global team of industry experts to provide edge services that are fast, secure and reliable. For more information, visit www.limelight.com, follow us on Twitter, Facebook and LinkedIn.
Investor Inquiries: email@example.com