secwatch.observer — SEC 8-K summary
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Issuer:     Edgio, Inc. (—)
CIK:        0001391127
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001193125-24-157524
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391127/000119312524157524/0001193125-24-157524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391127/000119312524157524/d771155d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-157524

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