TEMPE, Ariz., Oct. 24 /PRNewswire-FirstCall/ -- Limelight Networks, Inc.
(Nasdaq: LLNW) today announced that it has initiated a search for a new,
independent director to serve on the company's board of directors and audit
committee.
On October 21, 2008, Limelight notified Nasdaq that, as a result of the
appointment of Doug Lindroth to the role of senior vice president and chief
financial officer and his resignation from the company's board of directors,
its audit committee is not comprised of at least three independent directors
as required by Nasdaq Marketplace Rule 4350(d)(2)(A). Limelight received a
Nasdaq Staff Deficiency Letter on October 22, 2008 acknowledging that
Limelight does not currently meet the audit committee composition requirement
set forth in Nasdaq Marketplace Rule 4350(d)(2)(A), and that Nasdaq will
provide Limelight with a cure period, in accordance with Nasdaq Marketplace
Rule 4350(d)(4)(B), to appoint a third independent director to its audit
committee as required.
The company intends to appoint this new director to its audit committee by
the date of its 2009 annual meeting of stockholders.
About Limelight Networks, Inc.
Limelight Networks, Inc. (Nasdaq: LLNW) is a content delivery partner
enabling the next wave of Internet business and entertainment. More than 1300
Internet, entertainment, software, and technology brands trust our robust,
scalable platform to monetize their digital assets by delivering a brilliant
online experience to their global audience. Our architecture bypasses the busy
public Internet using a dedicated optical network that interconnects thousands
of servers and delivers massive files at the speed of light -- directly to the
access networks that consumers use every day. Our proven network and passion
for service provides our customers confidence that every object in their
library will be delivered to every user, every time. Read our blog at
http://blog.llnw.com or visit http://www.limelightnetworks.com for more
information.
Copyright (C) 2008 Limelight Networks, Inc. All rights reserved. All
product or service names are the property of their respective owners.
SOURCE Limelight Networks, Inc.
Contact: Paul Alfieri of Limelight Networks, Inc., +1-917-297-4241, palfieri@llnw.com