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Section 1: 8-K (8-K)

Document

 

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 (Date of earliest event reported):
April 2, 2018
LIMELIGHT NETWORKS, INC.
(Exact name of Registrant as specified in its charter)
 
 

 
 
 
 
 
 
Delaware
 
001-33508
 
20-1677033
(State or other jurisdiction of
incorporation or organization)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification Number)
222 South Mill Avenue, 8th Floor
Tempe, AZ 85281
(Address, including zip code, of principal executive offices)
(602) 850-5000
(Registrant’s telephone number, including area code)
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))
 
 
 
 
 
 
 
 
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 8.01.
Other Events

Limelight Networks, Inc. issued a press release today announcing that it has entered into a binding Memorandum of Understanding with Akamai Technologies that settles all outstanding legal disputes between the parties. The full text of this press release is furnished herewith as Exhibit 99.1.

Item 9.01.
Financial Statements and Exhibits
(d) Exhibits.

Exhibit
Number
 
Description
99.1
 




SIGNATURES

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.
 
 
 
 
LIMELIGHT NETWORKS, INC.
 
 
 
 
 
 
Dated: April 2, 2018
 
 
By:
 
/s/ Michael DiSanto
 
 
 
 
 
 
Michael DiSanto
SVP, Chief Administrative and Legal Officer & Secretary
 






EXHIBIT INDEX
 
Exhibit
Number
 
Description
99.1
 


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Section 2: EX-99.1 (EXHIBIT 99.1)

Exhibit





LIMELIGHT NETWORKS AND AKAMAI TECHNOLOGIES SETTLE ALL OUTSTANDING LEGAL DISPUTES


TEMPE, Ariz., April 2, 2018 – Limelight Networks, Inc. (Nasdaq: LLNW), a global leader in digital content delivery, today announced it has entered into a binding Memorandum of Understanding with Akamai Technologies that settles all outstanding legal disputes between the parties. The parties also agreed to license certain patents to one another as part of the settlement. Terms of the settlement and licenses are confidential.
The parties will dismiss with prejudice the pending actions in the Eastern District of Virginia (Case 3:15-cv-00720-JAG), which was scheduled to begin trial today, and the District of Massachusetts (Case No. 1:16-cv-10253-GAO). This brings to conclusion a series of patent disputes between the parties that have been outstanding for the prior two years.
“We are pleased to finally have these disputes behind us,” said Bob Lento, Limelight’s Chief Executive Officer. “We remain focused on our top strategic priorities, including customer satisfaction, employee growth and retention, and delivering superior returns to our shareholders.”

Limelight will report results for the first quarter 2018 on Thursday, April 19.

About Limelight
Limelight Networks, a global leader in digital content delivery, empowers customers to better engage online audiences by enabling them to securely manage and globally deliver digital content, on any device. The company’s Limelight Orchestrate Platform includes a global infrastructure with a fully-integrated suite of capabilities and services to help you address all your content delivery needs. The Orchestrate Platform solves your most important content delivery challenges so you can deliver the next great digital experience anywhere. For more information, please visit www.limelight.com and follow us on Twitter, Facebook and LinkedIn.

Investor inquiries:
Limelight Networks
ir@llnw.com


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