Edgar Filing: Limelight Networks, Inc.

LIMELIGHT NETWORKS, INC.

Dated: January 11, 2013

/s/ Philip C. Maynard

Philip C. Maynard

Senior Vice President, Chief Legal Officer and Secretary

Form 8-K

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):

January 8, 2013

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, 8^th 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))

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On Tuesday, January 8, 2013, the Compensation Committee (the “Committee”) of the Board of Directors of Limelight Networks, Inc. (the “Company”) made the following compensation decisions in connection with its annual review of executive officer compensation:

2013 Bonus target for services performed in fiscal 2013 and Salary adjustments.

The Committee approved target annual cash bonus amounts for the Company’s named executive officers with respect to services to be performed in fiscal 2013 (which bonuses will be paid in 2014) pursuant to the Master Executive and Management Bonus Plan, a copy of which was furnished with a Current Report on Form 8-K on May 19, 2009. The target bonus amounts for Messrs. Raciborski and Maynard did not increase from the prior year. Each bonus plan participant may earn between zero and 200% of the target bonus depending upon the level of attainment or over-attainment of specified corporate performance goals. The target annual incentive compensation shall be subject to the terms and conditions of the applicable 2013 incentive compensation plan(s) as may be approved by the Committee.

The Committee also approved the 2013 base salary for certain of the Company’s named executive officers. Adjustments in base salary consisted of a 4% cost of living increase from the prior year and are effective January 1, 2013.

The 2013 Salary and 2013 annual cash bonus amounts for the Company’s named executive officers are summarized below:


Name	2013 Salary		2013 Target Annual Incentive
Douglas S. Lindroth	$	337,459	$	208,500
Nathan F. Raciborski	$	331,834	$	151,000
Philip C. Maynard	$	281,216	$	114,500

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.