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: March 7, 2022
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(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):
| 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 | ||||||
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 7.01 Regulation FD Disclosure
On March 7, 2022, Akamai Technologies, Inc. (the “Company”) issued a statement describing the steps it is taking in support of the people of Ukraine, including suspending all sales efforts into Russia and Belarus, terminating business with state-majority-owned Russian and Belarussian customers and complying with all sanctions. The Company’s statement is furnished as Exhibit 99.1 hereto. Revenue from all Russian and Belarussian customers and other customers subject to sanctions represented approximately 0.1% of the Company’s total revenue for the year ended December 31, 2021. Revenue attributable to traffic from all customers delivering content into Russia, Belarus and Ukraine from anywhere on the Company's network represented approximately 0.9% of the Company’s total revenue for the year ended December 31, 2021. At present, Akamai is not generally restricted from delivering content into Russia, Belarus or Ukraine and currently plans to maintain network operations there.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following exhibit shall be deemed to be furnished, and not filed:
| 99.1 | ||||||||
| 104 | Cover page interactive data file (the cover page XBRL tags are embedded within the inline XBRL document) | |||||||
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: March 7, 2022 | AKAMAI TECHNOLOGIES, INC. | |||||||
| By: | /s/ Aaron Ahola | |||||||
| Aaron S. Ahola, Executive Vice President, General Counsel and Corporate Secretary | ||||||||
Actions Akamai Is Taking on Russia and Ukraine
Akamai stands with the people of Ukraine. As the assault on Ukraine continues, we are inspired by the courageous citizens defending their sovereignty.
In response to the war, we are:
a.Suspending all sales efforts in Russia and Belarus
b.Terminating business with state-majority-owned Russian and Belarusian customers
c.Complying with all applicable sanctions
d.Responding through the Akamai Foundation to address humanitarian needs, committing to ongoing support for the Ukrainian people
Consistent with our mission to power and protect life online, we have made a deliberate decision to maintain our network presence in Russia. This supports our global customers, including many of the world’s largest news services, social networks, and democratic government institutions, as they endeavor to provide vital and accurate information to all corners of the globe, including to the citizens of Russia. We have also made our products and cybersecurity experts available to Ukrainian government agencies, to help keep the country’s citizens protected and connected to the information they need to defend their country.
We thank our employees, especially those in Krakow and across Europe, who have sprung into action to volunteer, donate, and remind us that while our collective condemnation must be swift, clear, and unified, we must also be committed to providing resources and support in the long term, as those affected will continue to deal with the consequences of this crisis.
We stand with the people of Ukraine.