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Quotes & Info
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| LLNW > SEC Filings for LLNW > Form 8-K on 11-Jan-2013 | All Recent SEC Filings |
11-Jan-2013
Change in Directors or Principal 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
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