Current Report Filing (8-k)
May 22 2017 - 4:19PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 22, 2017 (May 18, 2017)
Synacor, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-33843
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16-1542712
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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40 La Riviere Drive, Suite 300
Buffalo, New York
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14202
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code:
(716) 853-1362
Check the
appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to
Rule 14a-12
under the Exchange Act (17 CFR
240.14a-12)
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☐
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Pre-commencement
communications pursuant to
Rule 14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to
Rule 13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company ☒
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☒
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangement of Certain Officers.
Effective May 18, 2017, the board of directors of Synacor, Inc. (the
Company) appointed Lisa Donohue as a director of the Company. This appointment fills a vacancy on the Companys board of directors. Ms. Donohue will be a Class II director and serve in this role until the 2019 annual
meeting of stockholders. Ms. Donohue was also appointed to the audit committee.
Ms. Donohue is president of Starcom Global
Brand, a global media agency, having previously served as chief executive officer of Starcom USA. Ms. Donohue is also a member of the Publicis Media global leadership team. Ms. Donohue received a B.A. in Organizational Behavior and
Management and Economics from Brown University.
Consistent with the Companys
non-employee
director compensation policy, Ms. Donohue will receive annual cash retainers for her service on the board and the audit committee and an initial stock option grant of 50,000 shares. The stock options will vest over four years of service, with
25% vesting after completion of one year of service and the remainder vesting monthly over an additional three years of service. In addition, in the event of the Companys change of control or Ms. Donohues death, disability or
retirement at or after age 65, any unvested option shares will fully vest. Ms. Donohue will also enter into an indemnification agreement with the Company, in the same form entered into with the Companys other directors and executive
officers.
Item 9.01 Financial Statements and Exhibits.
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99.1
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Press release issued by Synacor, Inc. dated May 22, 2017.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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SYNACOR, INC.
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Date: May 22, 2017
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By:
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/s/ William J. Stuart
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William J. Stuart
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Chief Financial Officer and Secretary
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