Akamai Technologies Reports Director/Officer Changes & Compensation

Ticker: AKAM · Form: 8-K · Filed: 2025-02-25T00:00:00.000Z

Sentiment: neutral

Topics: management-change, officer-appointment, director-election, compensation

Related Tickers: AKAM

TL;DR

Akamai's leadership team is seeing changes, with new officers appointed and director roles potentially shifting.

AI Summary

Akamai Technologies, Inc. filed an 8-K on February 25, 2025, reporting events as of February 19, 2025. The filing covers the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. Specific details regarding these changes and arrangements are provided within the document.

Why It Matters

This filing indicates potential shifts in Akamai's leadership and executive compensation structure, which could impact the company's strategic direction and investor confidence.

Risk Assessment

Risk Level: medium — Changes in directors and officers, along with compensation adjustments, can signal internal shifts that may affect company strategy and performance.

Key Players & Entities

FAQ

What specific officer positions have seen changes reported in this 8-K?

The filing indicates the appointment of certain officers, but the specific positions are detailed within the full report.

Are there any specific directors mentioned as departing or being elected?

The filing notes the departure of directors or certain officers and the election of directors, with specific names to be found in the complete document.

What is the nature of the 'Compensatory Arrangements of Certain Officers' mentioned?

The filing states that information regarding compensatory arrangements of certain officers is included, requiring a review of the full document for specifics.

What is the SEC File Number for Akamai Technologies, Inc.?

The SEC File Number for Akamai Technologies, Inc. is 000-27275.

When was the earliest event reported in this Form 8-K?

The earliest event reported in this Form 8-K was on February 19, 2025.

From the Filing

0001086222-25-000047.txt : 20250225 0001086222-25-000047.hdr.sgml : 20250225 20250225164937 ACCESSION NUMBER: 0001086222-25-000047 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250219 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250225 DATE AS OF CHANGE: 20250225 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: 25664334 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 akam-20250219.htm 8-K akam-20250219 0001086222 false 0001086222 2025-02-19 2025-02-19      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 (Date of earliest event reported) February 19, 2025 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 19, 2025, 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 2025 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; Edward McGowan, Chief Financial Officer; Paul Joseph, Executive Vice President, Global Sales and Services; Adam Karon, Chief Operating Officer and General Manager of the Cloud Technology Division; and Mani Sundaram, Executive Vice President and Gener

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