Akamai Technologies Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: AKAM · Form: DEF 14A · Filed: Mar 28, 2024 · CIK: 1086222

Akamai Technologies INC DEF 14A Filing Summary
FieldDetail
CompanyAkamai Technologies INC (AKAM)
Form TypeDEF 14A
Filed DateMar 28, 2024
Risk Level
Pages15
Reading Time18 min
Key Dollar Amounts$3.8 b, $1.8 b, $500 million, $1.35 billion, $654 million
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Akamai Technologies, Executive Compensation, Corporate Governance

TL;DR

<b>Akamai Technologies Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 10, 2024.</b>

AI Summary

AKAMAI TECHNOLOGIES INC (AKAM) filed a Proxy Statement (DEF 14A) with the SEC on March 28, 2024. Akamai Technologies Inc. filed a DEF 14A form on March 28, 2024. The filing covers the period ending May 10, 2024. The company's fiscal year ends on December 31. Akamai Technologies Inc. is incorporated in Delaware. The company's principal executive offices are located at 145 Broadway, Cambridge, MA 02142.

Why It Matters

For investors and stakeholders tracking AKAMAI TECHNOLOGIES INC, this filing contains several important signals. This filing is a routine disclosure required for public companies to provide shareholders with information before annual meetings, including details on executive compensation and voting matters. Shareholders can review executive compensation, director nominations, and other corporate governance proposals, which may influence voting decisions and stock performance.

Risk Assessment

Risk Level: — AKAMAI TECHNOLOGIES INC shows moderate risk based on this filing. The filing is a standard DEF 14A, which is a routine disclosure and does not contain new material financial information or significant operational changes.

Analyst Insight

Review the executive compensation details and any shareholder proposals within the DEF 14A to understand potential impacts on corporate governance and future company strategy.

Key Numbers

Key Players & Entities

FAQ

When did AKAMAI TECHNOLOGIES INC file this DEF 14A?

AKAMAI TECHNOLOGIES INC filed this Proxy Statement (DEF 14A) with the SEC on March 28, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by AKAMAI TECHNOLOGIES INC (AKAM).

Where can I read the original DEF 14A filing from AKAMAI TECHNOLOGIES INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by AKAMAI TECHNOLOGIES INC.

What are the key takeaways from AKAMAI TECHNOLOGIES INC's DEF 14A?

AKAMAI TECHNOLOGIES INC filed this DEF 14A on March 28, 2024. Key takeaways: Akamai Technologies Inc. filed a DEF 14A form on March 28, 2024.. The filing covers the period ending May 10, 2024.. The company's fiscal year ends on December 31..

Is AKAMAI TECHNOLOGIES INC a risky investment based on this filing?

Based on this DEF 14A, AKAMAI TECHNOLOGIES INC presents a moderate-risk profile. The filing is a standard DEF 14A, which is a routine disclosure and does not contain new material financial information or significant operational changes.

What should investors do after reading AKAMAI TECHNOLOGIES INC's DEF 14A?

Review the executive compensation details and any shareholder proposals within the DEF 14A to understand potential impacts on corporate governance and future company strategy. The overall sentiment from this filing is neutral.

How does AKAMAI TECHNOLOGIES INC compare to its industry peers?

Akamai Technologies operates in the business services sector, providing services that are essential for the operation of the internet and cloud computing.

Are there regulatory concerns for AKAMAI TECHNOLOGIES INC?

As a public company, Akamai Technologies is subject to SEC regulations requiring the filing of proxy statements to ensure transparency and shareholder rights.

Industry Context

Akamai Technologies operates in the business services sector, providing services that are essential for the operation of the internet and cloud computing.

Regulatory Implications

As a public company, Akamai Technologies is subject to SEC regulations requiring the filing of proxy statements to ensure transparency and shareholder rights.

What Investors Should Do

  1. Review the detailed executive compensation tables for named executive officers.
  2. Analyze any shareholder proposals and management's recommendations.
  3. Examine the election of directors and any changes in board composition.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure. No comparative data from a previous filing is directly presented in this excerpt.

Filing Stats: 4,498 words · 18 min read · ~15 pages · Grade level 16 · Accepted 2024-03-28 16:02:27

Key Financial Figures

Filing Documents

Executive Compensation Matters

Executive Compensation Matters 46 Part Three Company Proposals 91 Proposal 1 Election of Directors 91 Proposal 2 Second Amendment of Second Amended and Restated 2013 Stock Incentive Plan 92 Proposal 3 Advisory Vote on Executive Compensation 109 Proposal 4 Approval of our Amended and Restated Certificate of Incorporation 110 Proposal 5 Adjournment Proposal 113 Proposal 6 Ratification of Selection of Independent Auditors 114 Part Four Shareholder Proposal 116 Proposal 7 Shareholder Majority Vote Proposal 116 Part Five Information About These Proxy Materials and Voting 120 Table of Contents AKAMAI TECHNOLOGIES, INC. 145 BROADWAY CAMBRIDGE, MASSACHUSETTS 02142 PROXY STATEMENT Cautionary Note Regarding Forward-Looking Statements This Proxy Statement contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Akamai Technologies, Inc., which we refer to as "we," "us," or the "Company." All statements other than statements of historical facts are statements that could be deemed forward-looking statements. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of our management as of the date hereof based on information currently available to them. Use of words such as "believes," "could," "expects," "anticipates," "intends," "plans," "projects," "estimates," "should," "forecasts," "if," "intend," "continues," "goal," "likely," "may," and variations of such words or similar expressions are intended to identify a forward-looking statement. Forward-looking statements are not guarantees of future performance or achievements and involve risks, uncertainties and assumptions. Actual events or results may differ materially from the forward-looking statements we make. Factors that could cause or contribute to such differences include, but are not limited to, inability to grow revenue, particularly from increased s

Executive Compensation Overview

Executive Compensation Overview Akamai has developed an executive compensation program that is designed to closely align executive compensation with company performance and stockholder interests. We work to achieve this objective by allocating the majority of our executive officers' target compensation to performance-based incentive compensation. In particular, we grant performance-based equity awards that directly link the value of executive compensation to our stock price performance and the achievement of multi-year financial performance objectives and link annual bonuses to performance against specific annual financial and non-financial measures. Key aspects of our 2023 executive compensation program are highlighted below. Our 2023 annual bonus plan, payable in shares of vested common stock for our executive officers, was based on the achievement of pre-defined performance metrics and incorporated a payout modifier based on our achievement against pre-determined environmental, social and governance goals established by the Talent, Leadership and Compensation Committee of the Board of Directors. These goals were centered on defined metrics related to employee diversity, inclusion and engagement as well as environmental sustainability and are intended to drive accountability within the management team for advancing Akamai's environmental, social and corporate governance goals. / 8 / Table of Contents Part One – Corporate Governance Highlights – Our Commitment to Environmental, Social and Governance Matters Akamai is committed to maintaining and enhancing our record of excellence in environmental, social and governance ("ESG") matters by: continually refining our corporate governance policies; modifying annual bonuses based on the achievement of ESG goals; working to improve our energy efficiency and reducing our and our partners' environmental impact; fostering a diverse and inclusive workplace; and contributing to the communities in which we

: Gender Identity

Part I: Gender Identity Directors 3 7

: Demographic Background

Part II: Demographic Background African American or Black 1 1 Alaskan Native or Native American Asian 1 Hispanic or Latinx Native Hawaiian or Pacific Islander White 1 6 Two or More Races or Ethnicities LGBTQ+ Did Not Disclose Demographic Background Board Evaluations A key component of our approach is a robust annual Board evaluation process. Led by our Chair of the Board and the Chair of the ESG Committee, this review is intended to elicit the views of all directors about what makes the Board effective, what improvements can be made, how their peers are most effective, whether steps should be taken to improve contributions and their views on the performance of the Board and its committees over the past year. The evaluation has taken a variety of forms including written surveys, interviews conducted by an outside consultant and interviews conducted by our Chair of the Board. The ESG Committee also regularly oversees and plans for director succession and refreshment of the Board to ensure a mix of skills, global perspectives, experiences, tenure and diversity that promotes and supports the Company's long-term strategy. In doing so, the ESG Committee takes into consideration the overall needs, composition and size of the Board, as well as the criteria adopted by the Board regarding director candidate qualifications. / 12 / Table of Contents Ethics We have adopted a written Code of Ethics that applies to all of our directors, executive officers (including our Chief Executive Officer, o

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