Limelight Networks Initiates Search for New Member of Board of Directors
24 Ottobre 2008 - 10:10PM
PR Newswire (US)
TEMPE, Ariz., Oct. 24 /PRNewswire-FirstCall/ -- Limelight Networks,
Inc. (NASDAQ:LLNW) today announced that it has initiated a search
for a new, independent director to serve on the company's board of
directors and audit committee. On October 21, 2008, Limelight
notified Nasdaq that, as a result of the appointment of Doug
Lindroth to the role of senior vice president and chief financial
officer and his resignation from the company's board of directors,
its audit committee is not comprised of at least three independent
directors as required by Nasdaq Marketplace Rule 4350(d)(2)(A).
Limelight received a Nasdaq Staff Deficiency Letter on October 22,
2008 acknowledging that Limelight does not currently meet the audit
committee composition requirement set forth in Nasdaq Marketplace
Rule 4350(d)(2)(A), and that Nasdaq will provide Limelight with a
cure period, in accordance with Nasdaq Marketplace Rule
4350(d)(4)(B), to appoint a third independent director to its audit
committee as required. The company intends to appoint this new
director to its audit committee by the date of its 2009 annual
meeting of stockholders. About Limelight Networks, Inc. Limelight
Networks, Inc. (NASDAQ:LLNW) is a content delivery partner enabling
the next wave of Internet business and entertainment. More than
1300 Internet, entertainment, software, and technology brands trust
our robust, scalable platform to monetize their digital assets by
delivering a brilliant online experience to their global audience.
Our architecture bypasses the busy public Internet using a
dedicated optical network that interconnects thousands of servers
and delivers massive files at the speed of light -- directly to the
access networks that consumers use every day. Our proven network
and passion for service provides our customers confidence that
every object in their library will be delivered to every user,
every time. Read our blog at http://blog.llnw.com/ or visit
http://www.limelightnetworks.com/ for more information. Copyright
(C) 2008 Limelight Networks, Inc. All rights reserved. All product
or service names are the property of their respective owners.
DATASOURCE: Limelight Networks, Inc. CONTACT: Paul Alfieri of
Limelight Networks, Inc., +1-917-297-4241, Web site:
http://www.limelightnetworks.com/
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