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: August 10, 2016
(Date of earliest event reported)
AKAMAI TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware | 04-3432319 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |
150 Broadway
Cambridge, MA 02142
(617) 444-3000
(Address, Including Zip Code, and Telephone Number,
Including Area Code, of Registrant’s Principal Executive Offices)
______________________________________________
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):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | 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 or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(a) Effective on August 10, 2016, Daniel R. Hesse was elected to fill a vacancy on the Board of Directors (the “Board”) of Akamai Technologies, Inc. (“Akamai”). Mr. Hesse was designated as a Class I member of the Board and was elected to serve until the 2018 Annual Meeting of Stockholders or until his successor is duly appointed and qualified. Mr. Hesse most recently served as President and CEO of Sprint Corporation, a telecommunications provider. Mr. Hesse was recommended to the Board by its Nominating and Corporate Governance Committee in accordance with the provisions of the Nominating and Corporate Governance Committee Charter.
There are no arrangements or understandings between Mr. Hesse and any other person pursuant to which he was elected as a director. Mr. Hesse has not yet been appointed to serve on any Board committees. There are no transactions in which Mr. Hesse has an interest requiring disclosure under Item 404(a) of Regulation S-K of the Securities Act of 1933, as amended. Mr. Hesse will be eligible to participate in Akamai’s non-employee director compensation program.
A copy of the press release announcing Mr. Hesse’s election is filed herewith as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
See Exhibit Index attached hereto which is incorporated herein by reference.
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: August 15, 2016 | AKAMAI TECHNOLOGIES, INC. | |
By: | /s/ Melanie Haratunian | |
Melanie Haratunian, Executive Vice President and General Counsel | ||
EXHIBIT INDEX
99.1 Press Release dated August 15, 2016
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contacts: | ||
Jeff Young Media Relations 617-444-3913 jyoung@akamai.com | --or-- | Tom Barth Investor Relations 617-274-7130 tbarth@akamai.com |
Akamai Elects Daniel R. Hesse to its Board of Directors
Veteran telecommunications and Internet executive,
Hesse served as President and CEO of Sprint Corporation
CAMBRIDGE, MA - August 15, 2016 - Akamai Technologies, Inc. (NASDAQ: AKAM), the global leader in content delivery network (CDN) services, today announced the election of Daniel R. Hesse to the Akamai Board of Directors effective August 10, 2016.
“We are honored to welcome Dan to our Board of Directors and look forward to benefiting from his over three decades of telecom and carrier experience, including his focus on mobile and Internet technologies,” said Dr. Tom Leighton, CEO of Akamai. “We believe Dan is a strong complement to our Board and will be an asset as we seek to further our relationships with major carriers and network partners, and build upon our innovative mobile performance offerings.”
In addition to his almost seven years as President and CEO of Sprint Corporation, Mr. Hesse has also served as Chairman and CEO of Embarq Corporation, a $6 billion telecommunications services company. Previously, he was Chairman, President and CEO of Terabeam Corporation, a wireless telecommunications technology company. Hesse spent over two decades at AT&T, having led AT&T’s Online Services Group and the launch of the company’s first Internet service, WorldNet, and served as President and CEO of AT&T Wireless Services, the United States’ largest wireless carrier at the time. He has been named “Person of the Year” by RCR magazine, “Executive of the Year” by Wireless Business and Technology magazine, ranked as the “Most Influential Person in Mobile Technology” by Laptop magazine, and recognized as one of America’s top CEOs by Glassdoor.
Mr. Hesse commented, “Akamai is a trusted partner to many of the world’s carriers and has become instrumental to how businesses leverage the Internet for growth and success. As the Internet becomes an increasingly important part of our daily lives, I look forward to the opportunity to contribute to a company which plays such a vital role in its performance and security.”
Mr. Hesse serves on the National Board of Governors of the Boys & Girls Clubs of America and on the boards of PNC and Adknowledge.
About Akamai®
As the global leader in Content Delivery Network (CDN) services, Akamai makes the Internet fast, reliable and secure for its customers. The company's advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing
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