Limelight Networks Announces Stock for Salary Program
04 Febbraio 2019 - 3:50PM
Business Wire
Limelight Networks, Inc. (Nasdaq:LLNW) (Limelight), a leading
provider of edge cloud services, today announced the Compensation
Committee of the Board of Directors of Limelight Networks, Inc.
approved a stock for salary program, wherein Messrs. Robert Lento,
Sajid Malhotra and Michael DiSanto elect to receive payment of half
of their respective 2019 base salary in shares of Limelight’s
common stock beginning on February 1, 2019.
“As I stated during our recent earnings call, I am more excited
than I have ever been about the opportunity that lies ahead for
Limelight,” said Lento, Limelight’s Chief Executive Officer. “We
believe that 2019 will be a record year for our company across
several financial and non-financial metrics, despite the early
headwinds, as demonstrated by our full year guidance. The deep
disconnect in what we see as the long-term opportunity and the
current equity value is stark in our view. As a result, and to
demonstrate our confidence in Limelight’s ability to execute
against the company’s 2019 guidance, Sajid, Mike and I are each
willing to replace half of our base salary with equity, similar to
what the three of us did in 2016.”
On the last trading day of each calendar month, each participant
will receive the number of shares of Limelight’s common stock
determined by dividing (i) 1/12th of his or her enrolled salary by
(ii) the trailing 30-day closing average of Limelight’s common
stock, rounded up to the nearest whole share. The election by
Messrs. Lento, Malhotra and DiSanto is irrevocable and will
continue throughout 2019, subject to certain market conditions. The
shares of common stock will be issued under Limelight’s Amended and
Restated 2007 Equity Incentive Plan. The program is designed
to comply with the requirements of Rule 10b5-1 of the Securities
Exchange Act of 1934, as amended.
About Limelight
Limelight Networks, Inc. (NASDAQ: LLNW), a leading provider of
digital content delivery, video, cloud security, and edge computing
services, empowers customers to provide exceptional digital
experiences. Limelight’s edge services platform includes a unique
combination of global private infrastructure, intelligent software,
and expert support services that enable current and future
workflows. For more information, visit www.limelight.com, follow us
on Twitter, Facebook and LinkedIn.
Copyright (C) 2019 Limelight Networks, Inc. All rights reserved.
All product or service names are the property of their respective
owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190204005443/en/
Limelight Networks, Inc.Sajid Malhotra,
602-850-5778ir@llnw.com
Grafico Azioni Limelight Networks (NASDAQ:LLNW)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Limelight Networks (NASDAQ:LLNW)
Storico
Da Lug 2023 a Lug 2024