Akamai Technologies Reports Director Changes and Officer Appointments

Ticker: AKAM · Form: 8-K · Filed: 2024-05-16T00:00:00.000Z

Sentiment: neutral

Topics: governance, officer-appointment, director-change, filing

Related Tickers: AKAM

TL;DR

Akamai's 8-K shows board shakeups and new execs appointed May 10th.

AI Summary

Akamai Technologies, Inc. filed an 8-K on May 16, 2024, reporting on several key events that occurred on May 10, 2024. These include the departure of directors or certain officers, the election of new directors, the appointment of certain officers, and updates to compensatory arrangements for officers. The filing also covers amendments to the company's articles of incorporation or bylaws, changes in fiscal year, and the submission of matters to a vote of security holders. Additionally, it includes financial statements and exhibits.

Why It Matters

Changes in board composition and executive appointments can signal shifts in company strategy, governance, and future performance.

Risk Assessment

Risk Level: medium — Changes in leadership and governance can introduce uncertainty and impact strategic direction.

Key Players & Entities

FAQ

What specific officer positions were affected by the appointments reported in the 8-K?

The filing indicates the appointment of certain officers, but does not specify the exact positions in the provided text.

Were there any specific reasons cited for the departure of directors or officers?

The provided text of the 8-K filing does not detail the reasons for any director or officer departures.

What were the key matters submitted to a vote of security holders on May 10, 2024?

The filing mentions the submission of matters to a vote of security holders but does not specify what those matters were.

Are the financial statements included in this 8-K preliminary or audited?

The filing states that financial statements and exhibits are included, but does not specify their nature (preliminary or audited) in the provided text.

What is the company's fiscal year end date?

The company's fiscal year ends on December 31st.

From the Filing

0001193125-24-140697.txt : 20240516 0001193125-24-140697.hdr.sgml : 20240516 20240516170358 ACCESSION NUMBER: 0001193125-24-140697 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240510 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240516 DATE AS OF CHANGE: 20240516 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: 24956583 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 d804411d8k.htm 8-K 8-K AKAMAI TECHNOLOGIES INC false 0001086222 --12-31 0001086222 2024-05-10 2024-05-10     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: May 10, 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 (e) At the annual meeting of stockholders of Akamai Technologies, Inc. (the “Company” or “Akamai”) held on May 10, 2024 (the “Annual Meeting”), the Company’s stockholders approved the second amendment of the Akamai Technologies, Inc. Amended and Restated 2013 Stock Incentive Plan (the &

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