Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The Compensation Committee ("Committee") of the Board of Directors ofLimelight Networks, Inc. ("Limelight") reviewed the attainment levels for the annual bonus payout with respect to services performed in fiscal year 2021 for participants under Limelight's Master Executive and Management Bonus Plan, a copy of which was furnished with a Current Report on Form 8-K onMay 19, 2009 (the "Plan"). The Committee determined that payout against the Plan would result in 0% payout to participants. Nevertheless, the Committee acknowledged that certain executives and employees put forth extraordinary effort in restructuring and rebuilding the Company to allow for significant anticipated financial improvements in 2022. Accordingly, the Committee deemed it in the best interests of Limelight and its stockholders to create a recognition and retention pool, wherein 40% of the pool is to be paid to participants in fully-vested restricted stock units onMarch 15, 2022 , to recognize 2021 performance, and the remaining 60% of the pool is to be paid to participants in fully-vested restricted stock units onDecember 1, 2022 , if recipient is still actively employed and in good standing onDecember 1, 2022 (the "Retention Plan"). Participants of the Retention Plan include Limelight's principal executive officer, principal financial officer, and the other named executive officers. The table below sets forth the maximum amounts to Limelight's principal executive officer, principal financial officer, and other named executive officers: Executive Officer Recognition Grant Retention Grant Robert Lyons$201,667 $302,500
Chief Executive Officer and Director
Dan Boncel$60,000 $90,000 Chief Financial Officer Christine Cross$70,000 $105,000
Chief Client Success and Marketing Officer
Michael DiSanto$81,600 $122,400 Chief Administrative and Legal Officer & Secretary
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