Akamai Technologies Enters Material Definitive Agreement

Ticker: AKAM · Form: 8-K · Filed: 2025-05-13T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financial-obligation

Related Tickers: AKAM

TL;DR

Akamai just signed a big deal, creating new financial obligations. Watch this space.

AI Summary

On May 12, 2025, Akamai Technologies, Inc. entered into a material definitive agreement, likely related to financing or a significant operational undertaking. This event also triggered the creation of a direct financial obligation or an off-balance sheet arrangement for the registrant. The filing also notes other events and the inclusion of financial statements and exhibits.

Why It Matters

This filing indicates a significant new financial commitment or strategic partnership for Akamai Technologies, which could impact its future financial obligations and operational strategy.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement and creating new financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.

Key Players & Entities

FAQ

What type of material definitive agreement did Akamai Technologies, Inc. enter into?

The filing indicates the entry into a material definitive agreement but does not specify its nature in the provided text.

What is the nature of the direct financial obligation or off-balance sheet arrangement created?

The filing states that a direct financial obligation or an obligation under an off-balance sheet arrangement was created, but the specific details are not provided in this excerpt.

What are the 'Other Events' mentioned in the filing?

The filing lists 'Other Events' as an item of information but does not detail what those events are in the provided text.

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

The earliest event reported in this 8-K filing was on May 12, 2025.

What is Akamai Technologies, Inc.'s state of incorporation and fiscal year end?

Akamai Technologies, Inc. is incorporated in Delaware and its fiscal year ends on December 31.

From the Filing

0001193125-25-118908.txt : 20250513 0001193125-25-118908.hdr.sgml : 20250513 20250513165643 ACCESSION NUMBER: 0001193125-25-118908 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250512 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250513 DATE AS OF CHANGE: 20250513 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 EIN: 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: 25941066 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 d942780d8k.htm 8-K 8-K AKAMAI TECHNOLOGIES INC false 0001086222 0001086222 2025-05-12 2025-05-12     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): May 12, 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 1.01 Entry into a Material Definitive Agreement On May 12, 2025, Akamai Technologies, Inc. (“Akamai”) entered into an Amendment No. 2 (the “Second Amendment”), by and among Akamai, the financial institutions identified therein as lenders and JPMorgan Chase Bank, N.A., as administrative agent (the “Agent”), which amends that certain Credit Agreement (the “Credit Agreement”), dated November 22, 2022 (as amended on April 17

View on Read The Filing