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Item 5.02 Departure of
Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
November 19, 2019, Liberated Syndication Inc, a Nevada corporation
(“Liberated Syndication” or the “Company”)
appointed Mr. Brian Kibby to its board of directors (the
“Board”) and as a member of the Compensation Committee
of the Board. In connection with Mr. Kibby’s appointment,
Mr. Gregory Smith resigned from his
role as a director of the Company effective November 19, 2019. Mr.
Smith also ceased to be a member of the Nominating and Compensation
Committees of the Board of the Company. Mr. Smith’s
resignation was not due to any disagreement on any matter relating
to the Company’s operations, policies or
practices.
Mr.
Kibby has been a senior partner of N2Growth and CEO of N2Ventures,
an executive search and talent strategy firm, since September 2019.
From 2017 to June 2019, Mr. Kibby was the CEO of Knewton, where he
led the creation of Alta, a first of its kind SaaS based adaptive
learning series of products, which led to the acquisition of
Knewton by John Wiley & Sons in June 2019. As CEO of MV
Transportation from January 2015 to January 2017, Mr. Kibby oversaw
the creation of a new technology strategy for this $1.3 billion
premiere paratransit provider with 20,000 employees. From 2011 to
2014, Mr. Kibby was the President of McGraw-Hill’s Higher
Education Group, where he led a business with nearly $1.0 billion
in top line sales. A
veteran of the U.S. Army, Mr. Kibby holds a bachelor's degree in
finance from Western Illinois University.
Mr. Kibby has no family relationship with any of the executive
officers or directors of the Company. There have been no
transactions in the past two years to which the Company or any of
its subsidiaries was or is to be a party, in which Mr. Kibby had,
or will have, a direct or indirect material interest.
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.
