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: October 9, 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 October 9, 2007, the Board of Directors of Akamai Technologies, Inc. (the “Company”) elected Jill A. Greenthal as a director to fill a vacancy on its Board of Directors. Ms. Greenthal was designated as a Class I member of the Board of Directors and was elected to serve until the 2009 Annual Meeting of Stockholders or her successor is duly appointed and qualified. Ms. Greenthal is a Senior Advisor in private equity at The Blackstone Group, a provider of financial advisory services. Ms. Greenthal was recommended to the Board of Directors by the Company’s Nominating and Corporate Governance Committee in accordance with the provisions of its charter.
There are no arrangements or understandings between Ms. Greenthal and any other person pursuant to which Ms. Greenthal was elected as a director. Ms. Greenthal has been appointed to serve on the Audit Committee and the Nominating and Corporate Governance Committee of the Board of Directors. There are no transactions in which Ms. Greenthal has an interest requiring disclosure under Item 404(a) of Regulation S-K.
In accordance with the Company’s Director Compensation Plan, Ms. Greenthal was granted an option to purchase 25,000 shares of the Company’s common stock with an exercise price of $37.13, the closing share price of the Company’s common stock on the date of grant, October 10, 2007. Such option will vest over a four-year period so long as Ms. Greenthal 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 Ms. Greenthal’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: October 12, 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 October 10, 2007 |
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
| Contacts: |
-or- | |||
| Jeff Young |
Sandra Smith | |||
| Media Relations |
Investor Relations | |||
| 617-444-3913 |
617-444-2804 | |||
| jyoung@akamai.com |
ssmith@akamai.com |
AKAMAI ELECTS JILL A. GREENTHAL, EXPERIENCED ADVISOR TO MEDIA,
TECHNOLOGY AND TELECOMMUNICATIONS COMPANIES, TO ITS BOARD OF
DIRECTORS
CAMBRIDGE, MA – October 10, 2007 – Akamai Technologies, Inc. (NASDAQ: AKAM), the leading global service provider for accelerating content and applications online, today announced the election of Jill A. Greenthal, a Senior Advisor in Private Equity at the Blackstone Group. Ms Greenthal, a former investment banker with over 20 years experience representing many of the world’s leading media, technology and telecommunications companies, will fill a vacancy on Akamai’s Board of Directors.
“It is an honor to welcome Jill Greenthal to our Board of Directors,” said Paul Sagan, president and CEO of Akamai. “Jill has a deep understanding of the media, Internet technology and telecommunications industries and we will benefit from her knowledge of the rapid changes rippling through these industries as we continue to expand the breadth of our offerings.”
Ms. Greenthal said, “Akamai has dramatically transformed how many industries are leveraging the Internet to expand their businesses. In addition to providing technology for the reliable and scalable delivery of rich media, Akamai is helping its customers create entirely new business models for monetizing their digital assets. I am looking forward to the opportunity to contribute to such a dynamic company.”
Before joining Blackstone in 2003, Ms. Greenthal was co-head of the Global Media Group, co-head of the Boston Office and a member of the Executive Board of Investment Banking at Credit Suisse First Boston. She was also co-head of the Boston office of Donaldson, Lufkin and Jenrette, before its acquisition by CSFB. Prior to joining DLJ, Ms. Greenthal was head of the Media Group at Lehman Brothers.
Ms. Greenthal is also a member of the board of directors of Freedom Communications, Martha Stewart Living Omnimedia, Orbitz Worldwide, and Universal Orlando.
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.
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