LIMELIGHT NETWORKS, INC. (NASDAQ:LLNW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

LIMELIGHT NETWORKS, INC. (NASDAQ:LLNW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 21, 2018, Mark Midle resigned from the Board of Directors (the “Board”) of Limelight Networks, Inc. (the "Company") effective immediately. Mr. Midle is a Vice President of Goldman Sachs & Co. LLC, and has been a member of the Board since June 2015. Between November 2017 and March 6, 2018, investment partnerships affiliated with Goldman Sachs & Co. LLC and Goldman Sachs Group, Inc. sold 30.3 million shares that they had acquired at the Company’s IPO in June 2007. Mr. Midle’s resignation is in connection with the sale of that position. Mr. Midle’s resignation did not involve any disagreement with the Company on any matter relating to the Company's operations, policies or practices. A replacement has not been named at this time.

Also on March 21, 2018, in connection with Mr. Midle’s resignation from the Board and in recognition of efforts and contributions to the Company, the Board approved the immediate accelerated vesting of 39,585 restricted stock units previously granted to Mr. Midle, which were scheduled to vest in June 2018.

Item 5.02.

Financial Statements and Exhibits

(d)Exhibits.


Limelight Networks, Inc. Exhibit
EX-99.1 2 a20180321pr.htm EXHIBIT 99.1 Exhibit Limelight Announces Change to Board of DirectorsTEMPE,…
To view the full exhibit click here

About LIMELIGHT NETWORKS, INC. (NASDAQ:LLNW)

Limelight Networks, Inc. provides content delivery network services to deliver content over Internet. The Company operates a globally distributed, computing platform and provides services under the Orchestrate Platform, which include content delivery, video content management, Website and Web application acceleration, Website and content security and cloud storage services. The Company’s services include content delivery services, mobile delivery services, video content management services, performance services, cloud-based storage services and cloud-based content security services. It provides solutions to deliver digital content to its customers, such as software and device manufacturers, media and broadcasters, and gaming. It provides services to deliver digital content to Web, mobile, social, gaming, large screen and other digital channels. Its services offer various features, which include video publishing, mobile enablement, content delivery, Website and cloud storage.

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