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: July 16, 2007
(Date of earliest event reported)
AKAMAI TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in Charter)
| Delaware | 0-27275 | 04-3432319 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
8 Cambridge Center, Cambridge, Massachusetts 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)) |
| Item 5.02 | Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
(d) On July 16, 2007, the Board of Directors of Akamai Technologies, Inc. (the “Company”) elected David W. Kenny as a director to fill a vacancy on its Board of Directors. Mr. Kenny was designated as a Class III member of the Board of Directors and was elected to serve until the 2008 Annual Meeting of Stockholders or his successor is duly appointed and qualified. Mr. Kenny is Chairman and CEO of Digitas Inc., a digital and direct marketing agency, and a member of the Executive Committee of Publicis Groupe, an international media and communications firm that acquired Digitas earlier this year. Mr. Kenny was recommended to the Board of Directors by the Company’s Nominating and Corporate Governance Committee (the “Committee”) in accordance with the provisions of the Committee’s charter.
There are no arrangements or understandings between Mr. Kenny and any other person pursuant to which Mr. Kenny was elected as a director. Mr. Kenny has been appointed to serve on the Audit Committee and the Compensation Committee of the Board of Directors. There are no transactions in which Mr. Kenny has an interest requiring disclosure under Item 404(a) of Regulation S-K.
In accordance with the Company’s Director Compensation Plan, Mr. Kenny was granted an option to purchase 25,000 shares of the Company’s common stock with an exercise price of $ 49.14, the closing share price of the Company’s common stock on the date of grant, July 17, 2007. Such option will vest over a four-year period so long as Mr. Kenny remains a member of the Board of Directors.
| Item 9.01 | Financial Statements and Exhibits |
A copy of the press release issued by the Company announcing Mr. Kenny’s election is attached hereto as Exhibit 99.1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 18, 2007 | AKAMAI TECHNOLOGIES, INC. | |||
| By: | /s/ Melanie Haratunian | |||
| Melanie Haratunian, General Counsel | ||||
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release issued by Akamai Technologies, Inc. on July 17, 2007 |
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
| Contacts: | ||
| Jennifer Donovan | Sandra Smith | |
| Media Relations | Investor Relations | |
| 650-627-5395 | 617-444-2804 | |
| jdonovan@akamai.com | ssmith@akamai.com |
AKAMAI ELECTS DIGITAS CHAIRMAN AND CEO
DAVID W. KENNY TO ITS BOARD OF DIRECTORS
CAMBRIDGE, MA – July 17, 2007 – Akamai Technologies, Inc. (NASDAQ: AKAM), the leading global service provider for accelerating content and applications online, today announced the election to its Board of Directors of David W. Kenny, Chairman and CEO of Digitas. Kenny is also a member of the Executive Committee of Publicis Groupe S.A. (Euronext Paris: FR0000130577, NYSE: PUB), where he leads the Groupe’s overall digital and interactive strategy. Publicis, which acquired Digitas earlier this year, is the world’s fourth largest communications group and second largest media counsel and buying group.
Mr. Kenny, 45, became CEO of Digitas in 1997, and has led Digitas through a decade of evolution and growth. Digitas has become one of the industry’s leading digital marketing services organizations, serving blue-chip global brands.
“It is an honor to welcome David to our Board of Directors. I have long been impressed by his intelligence, integrity, and curiosity,” said Paul Sagan, president and CEO of Akamai. “He brings valuable expertise and insight in the fields of Internet advertising and marketing, and has helped blue-chip, global brands develop, engage and profit from digital and interactive strategies. David shares our vision, values, and passion for leveraging Internet technology, and will be an important contributor to the Board’s work on behalf of shareholders.”
“Akamai provides a unique set of services to help companies manage, deliver and monetize their digital assets and initiatives,” said Kenny. “Marrying those services with innovative online advertising campaigns is a key opportunity moving forward. It’s a privilege and important responsibility to be a member of the board of this dynamic company.”
A former senior partner at Bain & Company, David holds a B.S. from the General Motors Institute (Kettering University) and an M.B.A. from Harvard Business School. He is a board member for Teach For America and a director of The Corporate Executive Board.
About Akamai
Akamai® is the leading global service provider for accelerating content and applications online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow. Akamai is “The Trusted Choice for Online Business.” For more information, visit www.akamai.com.