Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 22, 2021, the Board of Directors (the "Board") of Liberated
Syndication Inc. (the "Company") appointed Patrick Dolan as a director of the
Company, effective November 22, 2021.
There is no arrangement or understanding between Mr. Dolan and any other person
pursuant to which Mr. Dolan was appointed as a director on the Board. Mr. Dolan
has no family relationships with any director or executive officer of the
Company. In addition, Mr. Dolan has no direct or indirect material interest in
any transaction required to be disclosed pursuant to Item 404(a) of Regulation
S-K.
Mr. Dolan will receive compensation consistent with the Company's other
non-employee directors, including prorated annual cash compensation, as
described under "Director Compensation" in the Company's Proxy Statement filed
with the SEC on October 15, 2020.
Effective December 31, 2021, Denis Yevstifeyev will resign as a member of the
Board of Directors.
Item 7.01 Regulation FD Disclosure.
Attached hereto as Exhibit 99.1 and Exhibit 99.2 are press releases issued by
the Company on November 22, 2021 announcing Mr. Dolan's appointment as a
director of the Company and Mr. Kibby's appointment as Chairman of the Board,
respectively.
The information under Item 7.01 (including Exhibits 99.1 and 99.2) is furnished
pursuant to Item 7.01 and shall not be deemed filed for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
incorporated by reference into any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Number
Description
99.1
Press Release for Mr. Dolan's Appointment as a Director, dated November 22,
2021.
99.2
Press Release for Mr. Kibby's Appointment as Chairman of the Board, dated
November 22, 2021.
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