8-K filed January 2, 2024, 6:59 PM ET CIK 0001391127

leadership confidence high sentiment neutral materiality 0.65

Edgio promotes Todd Hinders to CEO; Bob Lyons steps down as President and CEO

Edgio, Inc.

Robert Lyons stepped down as President, CEO, and board member effective Dec 31, 2023; no disagreements.
Todd Hinders, previously Chief Revenue Officer since May 2023, appointed CEO effective Jan 1, 2024 and joins board.
Hinders' base salary raised from $380k to $525k; target annual incentive increased from 75% to 100% of base.
Lyons eligible for severance: 12 months base salary, $55k 2023 bonus, vesting of 193,467 RSUs, and healthcare.
Board chairman cites challenging 2023 but expresses confidence in Hinders and new leadership team.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Robert Lyons

Director

Edgio, Inc.

Effective: 2023-12-31
Filed: January 2, 2024, 6:59 PM ET

and has resigned from the Company’s Board of Directors (the “Board”) as of such date.

Appointed

Todd Hinders

Director

Edgio, Inc.

Effective: 2024-01-01
Filed: January 2, 2024, 6:59 PM ET

Mr. Hinders has also been appointed as a member of the Board, effective as of January 1, 2024.

Departed

Robert Lyons

President and Chief Executive Officer

Edgio, Inc.

Effective: 2023-12-31
Successor: Todd Hinders
Filed: January 2, 2024, 6:59 PM ET

Robert Lyons has stepped down as President and Chief Executive Officer of the Company, effective as of December 31, 2023

Appointed

Todd Hinders

Chief Executive Officer

Edgio, Inc.

Effective: 2024-01-01
Filed: January 2, 2024, 6:59 PM ET

the Board has appointed Todd Hinders to the position of Chief Executive Officer effective as of January 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Robert Lyons resigned as Director at Edgio, Inc..

Action: resigned
Role: Director

Exact text from the filing

and has resigned from the Company’s Board of Directors (the “Board”) as of such date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Todd Hinders was appointed as Director at Edgio, Inc..

Action: appointed
Role: Director

Exact text from the filing

Mr. Hinders has also been appointed as a member of the Board, effective as of January 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Robert Lyons departed as President and Chief Executive Officer at Edgio, Inc..

Action: stepped down
Role: President and Chief Executive Officer

Exact text from the filing

Robert Lyons has stepped down as President and Chief Executive Officer of the Company, effective as of December 31, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Todd Hinders was appointed as Chief Executive Officer at Edgio, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board has appointed Todd Hinders to the position of Chief Executive Officer effective as of January 1, 2024.

View on SEC.gov

Source: SEC EDGAR

accession 0001193125-24-000673

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