Verisign 8-K: Report of unscheduled material events or corporate event

[Verisign-News]

VERISIGN INC/CA

Continue reading...

 

[HelmutsHelmuts is verified member.]

The document is a Form 8-K filing by VeriSign, Inc. dated November 27, 2024, detailing two main updates:

1. Renewal of the .com Registry Agreement:
- VeriSign and ICANN renewed the .com Registry Agreement, effective December 1, 2024, which replaces the prior agreement.
- Key updates include:
- Provisions aligning with ICANN's Base Registry Agreement.
- Adjustments to domain name transaction fees based on the U.S. Consumer Price Index.
- New obligations for mitigating Domain Name System (DNS) abuse and ensuring system security and resiliency.
- No changes were made to the price VeriSign charges for .com domain names.

2. Amendment to the Letter of Intent (LOI):
- A second amendment to the LOI, initially established in 2020, formalizes ongoing collaboration between VeriSign and ICANN to enhance the security and stability of .com and .net TLDs.
- The LOI's renewal and discussions regarding Internationalized Domain Names are planned before its expiration on December 31, 2025.

The filing also includes additional technical and operational details related to these agreements and specifies compliance, pricing, and dispute resolution mechanisms.