---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-000673"
form_type: "8-K"
ticker: null
cik: "0001391127"
company_name: "Edgio, Inc."
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:10:42.881715+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-000673
- form_type: 8-K
- cik: 0001391127
- company_name: Edgio, Inc.
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1391127/000119312524000673/0001193125-24-000673-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1391127/000119312524000673/d187395d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-000673
- JSON: https://secwatch.observer/filing/0001193125-24-000673.json
- Plain text: https://secwatch.observer/filing/0001193125-24-000673.txt

## Key facts
- Executive change
  Robert Lyons resigned as Director at Edgio, Inc..
  - Action: resigned
  - Role: Director
  source text: and has resigned from the Company’s Board of Directors (the “Board”) as of such date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391127/000119312524000673/0001193125-24-000673-index.htm
- Executive change
  Todd Hinders was appointed as Director at Edgio, Inc..
  - Action: appointed
  - Role: Director
  source text: Mr. Hinders has also been appointed as a member of the Board, effective as of January 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391127/000119312524000673/0001193125-24-000673-index.htm
- Executive change
  Robert Lyons departed as President and Chief Executive Officer at Edgio, Inc..
  - Action: stepped down
  - Role: President and Chief Executive Officer
  source text: Robert Lyons has stepped down as President and Chief Executive Officer of the Company, effective as of December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391127/000119312524000673/0001193125-24-000673-index.htm
- Executive change
  Todd Hinders was appointed as Chief Executive Officer at Edgio, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Board has appointed Todd Hinders to the position of Chief Executive Officer effective as of January 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391127/000119312524000673/0001193125-24-000673-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.