Akamai Reports Officer Changes & Compensation Arrangements
Ticker: AKAM · Form: 8-K · Filed: Feb 26, 2024 · CIK: 1086222
| Field | Detail |
|---|---|
| Company | Akamai Technologies INC (AKAM) |
| Form Type | 8-K |
| Filed Date | Feb 26, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $1, $1,500,000, $3,300,000, $535,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Akamai just filed an 8-K about executive changes and pay, so keep an eye on leadership and compensation.**
AI Summary
Akamai Technologies, Inc. filed an 8-K on February 26, 2024, reporting events from February 21, 2024. The filing primarily concerns the departure or election of directors or certain officers and compensatory arrangements for certain officers. This indicates potential changes in leadership or executive compensation structures at the company.
Why It Matters
Changes in executive leadership and compensation can signal strategic shifts or impact investor confidence in Akamai's future direction and financial health.
Risk Assessment
Risk Level: medium — Changes in executive leadership can introduce uncertainty regarding future company strategy and performance, warranting a medium risk assessment.
Key Players & Entities
- AKAMAI TECHNOLOGIES INC (company) — registrant
- February 21, 2024 (date) — date of earliest event reported
- February 26, 2024 (date) — filing date
- 000-27275 (other) — Commission File Number
- 145 Broadway Cambridge , MA 02142 (other) — principal executive offices address
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 21, 2024.
When was this 8-K form filed with the SEC?
This 8-K form was filed with the SEC on February 26, 2024.
What are the main items discussed in this 8-K filing?
The main items discussed are "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers" and "Financial Statements and Exhibits."
What is the full legal name of the registrant company?
The full legal name of the registrant company is AKAMAI TECHNOLOGIES, INC.
What is Akamai Technologies, Inc.'s business phone number?
Akamai Technologies, Inc.'s business phone number is (617) 444-3000.
Filing Stats: 1,562 words · 6 min read · ~5 pages · Grade level 12.9 · Accepted 2024-02-26 17:31:05
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value AKAM Nasdaq Global Select
- $1 — Leighton, his 2024 base salary will be $1.00, with a target bonus value of $1,500
- $1,500,000 — be $1.00, with a target bonus value of $1,500,000 and maximum value of $3,300,000. For Mr
- $3,300,000 — alue of $1,500,000 and maximum value of $3,300,000. For Mr. McGowan, his 2024 base salary
- $535,000 — . McGowan, his 2024 base salary will be $535,000, with a target bonus equal to 85% of hi
- $520,000 — r. Joseph, his 2024 base salary will be $520,000, with a target bonus equal to 100% of h
- $570,000 — Mr. Karon, his 2024 base salary will be $570,000, with a target bonus equal to 100% of h
- $500,000 — Sundaram, his 2024 base salary will be $500,000, with a target bonus equal to 80% of hi
Filing Documents
- d798200d8k.htm (8-K) — 40KB
- 0001193125-24-046350.txt ( ) — 158KB
- akam-20240221.xsd (EX-101.SCH) — 3KB
- akam-20240221_lab.xml (EX-101.LAB) — 17KB
- akam-20240221_pre.xml (EX-101.PRE) — 11KB
- d798200d8k_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Form of Executive Annual Incentive Plan (previously filed on Feb. 24, 2023). 104 Cover page interactive data file (the cover page XBRL tags are embedded within the inline XBRL document) SIGNATURE 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. Date: February 26, 2024 AKAMAI TECHNOLOGIES, INC. By: /s/ Aaron Ahola Aaron Ahola, Executive Vice President, General Counsel and Corporate Secretary