0001391127-16-000256.txt : 20160701 0001391127-16-000256.hdr.sgml : 20160701 20160701110034 ACCESSION NUMBER: 0001391127-16-000256 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160701 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160701 DATE AS OF CHANGE: 20160701 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: 161745364 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 a20160701item801and901.htm 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):
July 1, 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 July 1, 2016, Limelight Networks, Inc. (the “Company”) issued a press release announcing today that the Massachusetts District Court has entered final judgment in the Akamai Technologies, Inc. et al. v. Limelight Networks case. The District Court reduced the total damages payable by the Company in this case to approximately $51 million, which is significantly less than the previously disclosed upper-end of range of loss of $63 million. As a result, the Company will regain access to approximately $12 million of the $63 million currently held in a letter of credit supporting the damages award.
The Company will take a charge in second quarter 2016 for the full amount of $51 million.
“Since August of 2015, we have allocated precious resources to eliminate the possibility of a permanent injunction and address our belief that the ultimate damages payable would be considerably less than the amounts requested in this case. The final judgment in this case, which removes the possibility of a permanent injunction, validates our effort and represents an important milestone as it brings this long-standing dispute a step closer to finality,” said Robert Lento, chief executive officer of Limelight. “We participate in an attractive industry and remain focused on improving Limelight’s operational and financial performance and are thankful for the continuing support of our customers, employees and shareholders.”
The Company will release second quarter results on July 27, 2016.
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 July 1, 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: July 1, 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 July 1, 2016 (furnished herewith).

EX-99.1 2 pressrelease20160701.htm EXHIBIT 99.1 Exhibit



Limelight Networks Comments on the Entry of Final Judgment in the
‘703 Intellectual Property Dispute

TEMPE, Ariz.—July 1, 2016 --Limelight Networks, Inc. (Nasdaq: LLNW) (Limelight), a global leader in digital content delivery, announced today that the Massachusetts District Court has entered final judgment in the Akamai Technologies, Inc. et al. v. Limelight Networks case. The District Court reduced the total damages payable by Limelight in this case to approximately $51 million, which is significantly less than the previously disclosed upper-end of range of loss of $63 million. As a result, the company will regain access to approximately $12 million of the $63 million currently held in a letter of credit supporting the damages award.

Limelight will take a charge in second quarter 2016 for the full amount of $51 million.

“Since August of 2015, we have allocated precious resources to eliminate the possibility of a permanent injunction and address our belief that the ultimate damages payable would be considerably less than the amounts requested in this case. The final judgment in this case, which removes the possibility of a permanent injunction, validates our effort and represents an important milestone as it brings this long-standing dispute a step closer to finality,” said Robert Lento, chief executive officer of Limelight. “We participate in an attractive industry and remain focused on improving Limelight’s operational and financial performance and are thankful for the continuing support of our customers, employees and shareholders.”

The company will release second quarter results on July 27, 2016.

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 http://www.limelight.com, read our blog, follow us on Twitter, Facebook and LinkedIn and be sure to visit Limelight Connect.

Copyright© 2016 Limelight Networks, Inc. All rights reserved. All product or service names are the property of their respective owners.

Contact:
Investor inquiries
ir@llnw.com

Press inquiries
fama PR, Inc. for Limelight Networks
Ted Weismann, 617-986-5009
limelight@famapr.com