0001391127-16-000178.txt : 20160219 0001391127-16-000178.hdr.sgml : 20160219 20160219094704 ACCESSION NUMBER: 0001391127-16-000178 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160218 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160219 DATE AS OF CHANGE: 20160219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Limelight Networks, Inc. CENTRAL INDEX KEY: 0001391127 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 201677033 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33508 FILM NUMBER: 161440400 BUSINESS ADDRESS: STREET 1: 222 SOUTH MILL AVENUE, 8TH FLOOR CITY: TEMPE STATE: AZ ZIP: 85281 BUSINESS PHONE: 602-850-5000 MAIL ADDRESS: STREET 1: 222 SOUTH MILL AVENUE, 8TH FLOOR CITY: TEMPE STATE: AZ ZIP: 85281 8-K 1 a20160218item801and901.htm 8-K 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):
February 18, 2016
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))
 
 
 

 




Item 8.01.
Other Events
On February 18, 2016, Limelight Networks, Inc. (the “Company”) issued a press release announcing that, during a hearing before the Massachusetts District Court, Akamai agreed to limit its maximum potential damages to $63 million plus future accruing interest (if any) in the longstanding patent dispute between the companies. This is a material reduction from the $99 million Akamai requested in its December motion. The Massachusetts District Court also agreed to the Company's request for a hearing on the validity of the ‘703 patent.  If successful in this validity challenge, the Company will eliminate all potential damages in the case. A copy of the press release is furnished as Exhibit 99.1 herewith.
 
Item 9.01.
Financial Statements and Exhibits
(d) Exhibits.
 
 
 
 
Exhibit
Number
 
Description
99.1
 
Limelight Networks, Inc. Press Release dated February 18, 2016 (furnished herewith).








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: February 19, 2016
 
 
 
By:
 
/s/ Michael DiSanto
 
 
 
 
 
 
Michael DiSanto
SVP, Chief Administrative and Legal Officer & Secretary
 
 
 
 
 
 
 








EXHIBIT INDEX
 
 
 
 
Exhibit
Number
 
Description
99.1
 
Limelight Networks, Inc. Press Release dated February 18, 2016 (furnished herewith).


EX-99.1 2 february182016pressrelease.htm EXHIBIT 99.1 Exhibit





Massachusetts District Court Agrees to Limelight’s Request for Hearing on Validity of Patent in Longstanding Intellectual Property Dispute

TEMPE, Arizona, February 18, 2016 Limelight Networks, Inc. (Nasdaq:LLNW), a global leader in digital content delivery, announced that Akamai agreed today in a hearing before the Massachusetts U.S. District Court to limit its maximum potential damages to $63 million plus future accruing interest (if any) in the longstanding patent dispute between the parties. This is a significant victory for Limelight, since Akamai previously requested $99 million. Limelight agreed to post a bond with the court to support the potential loss. The judge also set a briefing schedule, with a hearing set for mid-April, to determine the validity of the '703 patent due to intervening changes in the law of patentability and indefiniteness. If successful in its validity challenge, Limelight will eliminate all potential damages in the case. Lastly, the court did not grant a permanent injunction.

“We are pleased with the outcome of today's hearing. With the maximum potential loss reduced to $63 million, we believe we have sufficient liquidity to operate the business as planned without additional financing,” said Sajid Malhotra, interim chief financial officer at Limelight. “We will continue to support our customers with the excellence that they expect.”

About Limelight
Limelight Networks (NASDAQ: LLNW), 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 award winning Limelight Orchestrate™ platform includes an integrated suite of content delivery technology and services that helps organizations secure digital content, deliver exceptional multi-screen experiences, improve brand awareness, drive revenue, and enhance customer relationships — all while reducing costs.  For more information, please visit www.limelight.com, read our blog, follow us on Twitter , Facebook and LinkedIn and be sure to visit Limelight Connect.

Contact:
Investor inquiries:
ir@llnw.com
or
Press Contact:
famaPR on behalf of Limelight Networks
Ted Weismann, 617-986-5009
limelight@famapr.com