Akamai Reports Officer Changes & Compensation Arrangements

Ticker: AKAM · Form: 8-K · Filed: 2024-02-26T00:00:00.000Z

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

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.

From the Filing

0001193125-24-046350.txt : 20240226 0001193125-24-046350.hdr.sgml : 20240226 20240226173105 ACCESSION NUMBER: 0001193125-24-046350 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240221 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240226 DATE AS OF CHANGE: 20240226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AKAMAI TECHNOLOGIES INC CENTRAL INDEX KEY: 0001086222 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 043432319 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27275 FILM NUMBER: 24680377 BUSINESS ADDRESS: STREET 1: 145 BROADWAY CITY: CAMBRIDGE STATE: MA ZIP: 02142 BUSINESS PHONE: 6174443000 MAIL ADDRESS: STREET 1: 145 BROADWAY CITY: CAMBRIDGE STATE: MA ZIP: 02142 8-K 1 d798200d8k.htm 8-K 8-K AKAMAI TECHNOLOGIES INC false 0001086222 0001086222 2024-02-21 2024-02-21     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 Date of Report: February 21, 2024 (Date of earliest event reported)     AKAMAI TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter)       Delaware   000-27275   04-3432319 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   145 Broadway Cambridge , MA 02142 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (617) 444-3000     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)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.01 par value   AKAM   Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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. ☐       Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On February 21, 2024, the Talent, Leadership & Compensation Committee of the Board of Directors (the “Committee”) of Akamai Technologies, Inc. (“Akamai” or the “Company”) adopted bonus and equity compensation programs for 2024 for the following individuals (Akamai’s principal executive officer, principal financial officer and Akamai’s other currently serving named executive officers): F. Thomson Leighton, Chief Executive Officer;

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