Edgio CTO Ajay Kapur steps down; receives severance and retention payments

Edgio, Inc.

Ajay Kapur resigned as Edgio's CTO effective June 7, 2024; no disagreements stated.
Severance includes $213,467 salary over 12 months, vesting of 35,619 RSUs/PRSUs, and $106,250 bonus for 2024.
Kapur receives final Merger Agreement retention payment of $846,499 and 5,739 shares on July 1, 2024.

item 5.02

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Departed

Ajay Kapur

Chief Technology Officer

Edgio, Inc.

Effective: 2024-06-07
Filed: June 7, 2024, 7:59 PM ET

On June 7, 2024, Edgio, Inc. (the “Company”) announced that Ajay Kapur has stepped down as Chief Technology Officer of the Company, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ajay Kapur departed as Chief Technology Officer at Edgio, Inc..

Action: stepped down
Role: Chief Technology Officer

Exact text from the filing

On June 7, 2024, Edgio, Inc. (the “Company”) announced that Ajay Kapur has stepped down as Chief Technology Officer of the Company, effective immediately.

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Source: SEC EDGAR

accession 0001193125-24-157524

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