VeriSign Enters Material Definitive Agreement

TL;DR

VeriSign signed a big deal, filing shows. Details to come.

AI Summary

VeriSign, Inc. announced on November 25, 2024, that it entered into a Material Definitive Agreement. The filing also includes other events and financial statements/exhibits. The company is incorporated in Delaware and headquartered in Reston, Virginia.

Why It Matters

This filing indicates a significant new contract or partnership for VeriSign, which could impact its future revenue and operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, the specifics of which are not yet detailed in this initial filing.

Key Players & Entities

• VeriSign, Inc. (company) — Registrant
• November 25, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Reston, Virginia (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 Par Value Per Share VRSN Nasdaq Global

Filing Documents

• vrsn-20241125.htm (8-K) — 38KB
• vrsnform8-kcomraxexx1001.htm (EX-10.01) — 856KB
• 0001014473-24-000044.txt ( ) — 1155KB
• vrsn-20241125.xsd (EX-101.SCH) — 2KB
• vrsn-20241125_lab.xml (EX-101.LAB) — 21KB
• vrsn-20241125_pre.xml (EX-101.PRE) — 12KB
• vrsn-20241125_htm.xml (XML) — 3KB

01

Item 1.01 Entry into a Material Definitive Agreement. On November 25, 2024, VeriSign, Inc. (the "Company") and the Internet Corporation for Assigned Names and Numbers ("ICANN") entered into the renewal of the .com Registry Agreement (the "Agreement"), which amends and restates in its entirety the .com Registry Agreement, dated December 1, 2012, as amended on October 20, 2016, March 27, 2019, and March 27, 2020 (the "Prior Agreement"). The Agreement is effective as of December 1, 2024. The current term of the Prior Agreement expires on November 30, 2024. The Agreement includes certain new provisions to better align the Agreement with ICANN's Base Registry Agreement, including permissible increases based on the U.S. Consumer Price Index in the domain name transaction fees that the Company pays to ICANN, obligations related to mitigation of Domain Name System ("DNS") abuse, and service level requirements for the Registration Data Access Protocol. The Agreement also contains new commitments to enhance the security, stability and resiliency of the .com Top-Level Domain ("TLD"), including new security incident reporting commitments and obligations for the parties to discuss business continuity. There are no changes to the provision governing the price that the Company charges for .com domain names. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is attached hereto as Exhibit 10.01.

01

Item 8.01. Other Events The Company and ICANN also entered into a new amendment to a separate binding Letter of Intent ("LOI") dated March 27, 2020, as amended on July 1, 2023. The LOI, as amended, formalized a framework by which ICANN and the Company work together to enhance the security, stability and resiliency of the .com and .net TLDs and the DNS. Pursuant to the new, second amendment to the LOI, among other items, the Company and ICANN will discuss certain issues related to Internationalized Domain Names and the renewal of the LOI on substantially similar terms before the December 31, 2025 expiration date.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.01 Registry Agreement between VeriSign, Inc. and the Internet Corporation for Assigned Names and Numbers, entered into on November 25 , 2024. 104 Inline XBRL for the cover page of this Current Report on Form 8-K

SIGNATURES

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. VERISIGN, INC. Date: November 27, 2024 By: /s/ Thomas C. Indelicarto Thomas C. Indelicarto Executive Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR