Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - Limelight Networks, Inc. | certificationofcfo.htm |
| EX-31.1 - EXHIBIT 31.1 - Limelight Networks, Inc. | certificationofceo.htm |
| EX-23.1 - EXHIBIT 23.1 - Limelight Networks, Inc. | exhibit231.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-K/A
(Amendment No. 1)
(Mark One)
þ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2016
OR
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. |
For the transition period from to
Commission file number 001-33508
Limelight Networks, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 20-1677033 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |
222 South Mill Avenue, 8th Floor
Tempe, AZ 85281
(Address of principal executive offices, including Zip Code)
(602) 850-5000
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Name of each exchange on which registered | |
Common Stock, $0.001 par value | NASDAQ Global Select Market | |
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No þ
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes o No þ
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer o | Accelerated filer þ | Non-accelerated filer o | Smaller Reporting Company o |
(Do not check if a smaller reporting company) | |||
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No þ
The aggregate market value of the voting and non-voting common stock held by non-affiliates of the registrant was approximately $106.8 million based on the last reported sale price of the common stock on the Nasdaq Global Select Market on June 30, 2016.
The number of shares outstanding of the registrant’s Common Stock, par value $0.001 per share, as of February 1, 2017: 107,070,376 shares.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Proxy Statement for the Registrant’s 2017 Annual Meeting of Stockholders are incorporated by reference in Part III of this Form 10-K.
EXPLANATORY NOTE
Limelight Networks, Inc. (the “Company”) is filing this Amendment No. 1 (“Amendment No. 1”) to its Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (“Form 10-K”), filed with the Securities and Exchange Commission on February 17, 2017 (“Original Filing”), solely to include Exhibit 23.1, the Consent of Independent Registered Public Accounting Firm, which was inadvertently omitted from the original filing.
Except as described above, no changes have been made to the Original Filing and this Amendment No. 1 does not modify, amend, or update in any way any of the financial or other information contained in the Original Filing. This Amendment No. 1 does not reflect events that may have occurred subsequent to the Original Filing and does not modify or update in any way disclosures made in the original Form 10-K.
Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended, this Amendment No. 1 also contains new certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, which are attached hereto. Because no financial statements have been included in this Amendment No. 1 and this Amendment No. 1 does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted.
PART IV
Item 15. Exhibits, Financial Statement Schedules
We have filed the following documents as part of this report:
1. | Consolidated Financial Statements: |
Reports of Independent Registered Public Accounting Firm*
Consolidated Balance Sheets*
Consolidated Statements of Operations*
Consolidated Statements of Comprehensive Loss*
Consolidated Statements of Stockholders Equity*
Consolidated Statements of Cash Flows*
Notes to Consolidated Financial Statements*
2. | Financial Statement Schedules |
All schedules have been omitted because they are not required, not applicable, not present in amounts sufficient to require submission of the schedule, or the required information is otherwise included.
3. | Exhibits |
See the Exhibit Index immediately following the signature page of this report.
* Previously filed with our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on February 17, 2017, which is being amended hereby.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
February 21, 2017 Limelight Networks, Inc.
By: /s/ Sajid Malhotra
Sajid Malhotra, Chief Financial Officer
(Principal Financial Officer)
INDEX TO EXHIBITS
___________
Exhibit Number | Exhibit Title | |
3.1(1) | Amended and Restated Certificate of Incorporation of the Registrant, as currently in effect. | |
3.2(2) | Amended and Restated Bylaws of the Registrant, as currently in effect. | |
4.1(3) | Specimen Common Stock Certificate of the Registrant. | |
4.2(3) | Amended and Restated Investors’ Rights Agreement dated July 12, 2006. | |
10.1(3) | Form of Indemnification Agreement for directors and officers. | |
10.2(3) | Amended and Restated 2003 Incentive Compensation Plan and form of agreement thereunder. | |
10.3(3) | 2007 Equity Incentive Plan and form of agreement thereunder. | |
10.3.01(4) | Amended and Restated 2007 Equity Incentive Plan of Limelight Networks. | |
10.4(5) | Form of At-Will Employment, Confidential Information, Invention Assignment, and Arbitration Agreement for officers and employees. | |
10.5(6) | Master Executive Bonus and Management Bonus Plan. | |
10.6(7) | Form of 2007 Equity Incentive Plan Restricted Stock Unit Agreement. | |
10.7(8) | Form of 2007 Equity Incentive Plan Restricted Stock Unit Agreement for Non-U.S. Employees. | |
10.8(9) | Standard Office Lease between the Registrant and GateWay Tempe LLC dated as of July 20, 2010. | |
10.9(10) | Interim CEO Employment Agreement between the Registrant and Robert A. Lento dated November 8, 2012. | |
10.10(11) | Employment Agreement between the Registrant and Robert A. Lento dated January 22, 2013. | |
10.10.01(12) | First Amendment to Employment agreement between the Registrant and Robert A. Lento dated as of February 23, 2016. | |
10.11(13) | Employment Agreement between the Registrant and George Vonderhaar dated January 22, 2013. | |
10.11.01(14) | Amendment to Employment Agreement between the Registrant and George Vonderhaar dated June 19, 2015. | |
10.11.02(15) | Second Amendment to Employment agreement between the Registrant and George Vonderhaar dated as of February 23, 2016. | |
10.12(16) | Limelight Networks, Inc. 2013 Employee Stock Purchase Plan. | |
10.13(17) | Employment Agreement between the Registrant and Peter J. Perrone dated July 23, 2013. | |
10.13.01(18) | Amendment to Employment Agreement between the Registrant and Peter J. Perrone dated June 19, 2015. | |
10.13.02(19) | Transition and employment agreement between the Registrant and Peter J. Perrone dated November 17, 2015. | |
10.14(20) | Employment Agreement between the Registrant and Sajid Malhotra dated March 24, 2014. | |
10.14.01(21) | Amendment to Employment Agreement between the Registrant and Sajid Malhotra dated June 18, 2015. | |
10.14.02(22) | Second Amendment to Employment agreement between the Registrant and Sajid Malhotra dated as of February 23, 2016. | |
10.15(23) | Employment Agreement between the Registrant and Michael DiSanto effective April 1, 2015. | |
10.15.01(24) | Second Amendment to Employment agreement between the Registrant and Michael D. DiSanto dated as of February 23, 2016. | |
10.16(25) | Loan and Security Agreement between Limelight Networks, Inc. and Silicon Valley Bank dated November 2, 2015. | |
10.16.01(26) | Amendment to the Loan and Security Agreement between Limelight Networks, Inc. and Silicon Valley Bank dated November 2, 2015. | |
10.17* | Employment Agreement between the Registrant and Kurt Silverman dated August 20, 2013. | |
10.17.01(27) | First Amendment to Employment agreement between the Registrant and Kurt Silverman dated as of February 23, 2016. | |
10.18(28) | Form of 2016-2017 Retention Bonus Plan Agreement. | |
10.19(29) | Patent Sublicense Agreement dated August 1, 2016. | |
21.1* | List of subsidiaries of the Registrant. | |
23.1 | Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm. | |
24.1 | Power of Attorney (See signature page). | |
31.1 | Certification of Chief Executive Officer pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | |
31.2 | Certification of Chief Financial Officer pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | |
32.1** | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | |
32.2** | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | |
101.INS | XBRL INSTANCE DOCUMENT. | |
101.SCH | XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT. | |
101.CAL | XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT. | |
101.DEF | XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT. | |
101.LAB | XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT. | |
101.PRE | XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT. | |
____________
(1) | Incorporated by reference to Exhibit 3.1 of the Registrant’s Current Report on Form 8-K filed on June 14, 2011. |
(2) | Incorporated by reference to Exhibit 3.2 of the Registrant's Form 8-K filed on February 29, 2013. |
(3) | Incorporated by reference to the same number exhibit of the Registrant’s Form S-1 Registration Statement (Registration No. 333-141516), declared effective by the Securities and Exchange Commission on June 7, 2007. |
(4) | Incorporated by reference to Exhibit 10.3.01 of the Registrant’s Quarterly Report on Form 10-Q filed on October 27, 2016. |
(5) | Incorporated by reference to Exhibit 10.12 of the Registrant’s Form S-1 Registration Statement (Registration No. 333-141516), declared effective by the Securities and Exchange Commission on June 7, 2007. |
(6) | Incorporated by reference to Exhibit 99.1 of the Registrant’s Current Report on Form 8-K filed on May 19, 2009. |
(7) | Incorporated by reference to Exhibit (a)(1)(I) of the Registrant’s Schedule TO filed on May 15, 2008. |
(8) | Incorporated by reference to Exhibit (a)(1)(J) of the Registrant’s Schedule TO filed on May 15, 2008. |
(9) | Incorporated by reference to Exhibit 10.32 of the Registrant’s Quarterly Report on Form 10-Q filed on November 5, 2010. |
(10) | Incorporated by reference to Exhibit 10.20 of the Registrant's Annual Report on Form 10-K filed on March 1, 2013. |
(11) | Incorporated by reference to Exhibit 10.21 of the Registrant’s Annual Report on Form 10-K filed on March 1, 2013. |
(12) | Incorporated by reference to Exhibit 10.1 of the Registrant’s Quarterly Report on Form 10-Q filed on April 28, 2016. |
(13) | Incorporated by reference to Exhibit 10.22 of the Registrant's Annual Report on Form 10-K filed on March 1, 2013. |
(14) | Incorporated by reference to Exhibit 10.3 of the Registrant's Form 8-K filed on June 19, 2015. |
(15) | Incorporated by reference to Exhibit 10.3 of the Registrant’s Quarterly Report on Form 10-Q filed on April 28, 2016. |
(16) | Incorporated by reference to Exhibit 10.23 of the Registrant's Quarterly Report on Form 10-Q filed on August 8, 2013. |
(17) | Incorporated by reference to Exhibit 10.24 of the Registrant's Quarterly Report on Form 10-Q filed on August 8, 2013. |
(18) | Incorporated by reference to Exhibit 10.1 of the Registrant's Form 8-K filed on June 19, 2015. |
(19) | Incorporated by reference to Exhibit 10.16.02 of the Registrant's Annual Report on Form 10-K filed on February 11, 2016. |
(20) | Incorporated by reference to Exhibit 10.17 of the Registrant’s Annual Report on Form 10-K filed on February 17, 2015. |
(21) | Incorporated by reference to Exhibit 10.2 of the Registrant's Form 8-K filed on June 19, 2015. |
(22) | Incorporated by reference to Exhibit 10.2 of the Registrant’s Quarterly Report on Form 10-Q filed on April 28, 2016. |
(23) | Incorporated by reference to Exhibit 10.2 of the Registrant’s Quarterly Report on Form 10-Q filed on May 1, 2015. |
(24) | Incorporated by reference to Exhibit 10.5 of the Registrant’s Quarterly Report on Form 10-Q filed on April 28, 2016. |
(25) | Incorporated by reference to Exhibit 10.1 of the Registrant's Form 8-K filed on November 3, 2015. |
(26) | Incorporated by reference to Exhibit 10.19.01 of the Registrant’s Quarterly Report on Form 10-Q filed on October 27, 2016. |
(27) | Incorporated by reference to Exhibit 10.4 of the Registrant’s Quarterly Report on Form 10-Q filed on April 28, 2016. |
(28) | Incorporated by reference to Exhibit 10.6 of the Registrant’s Quarterly Report on Form 10-Q filed on April 28, 2016. |
(29) | Incorporated by reference to Exhibit 10.1 of the Registrant’s Form 8-K filed on August 1, 2016. |
* | Previously filed with our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 17, 2017. |
** | Previously furnished with our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 17, 2017. |
† | Confidential treatment has been requested or granted for portions of this exhibit by the Securities and Exchange Commission. |