Departure of Directors or Certain


December 28, 2020, the Compensation Committee (“Compensation
Committee”) of the Board of Directors (the
“Board”) of Liberated Syndication Inc. (the
“Company”) approved awards of unrestricted common stock
of the Company, par value $0.001 per share (the “Common
Stock”), to certain of the Company’s officers and
employees. The Compensation Committee approved an award of 175,000
shares of unrestricted Common Stock (the “Award”) to
Ms. Laurie A. Sims, the Company’s President, Chief Operating
Officer and Principal Executive Officer. The terms of the Award are
set forth in the form of unrestricted stock award agreement
attached hereto as Exhibit 10.1 and incorporated herein by


Sims previously received shares of restricted Common Stock under a
Stock Agreement dated December 28, 2017. In accordance with an
amendment to the Stock Agreement, certain shares of restricted
Common Stock were subject to forfeiture on December 28, 2020 if the
Company had not completed certain milestones, including 175,000
shares that were subject to forfeiture if the Company had not
completed an up-listing to Nasdaq or the New York Stock Exchange.
Pursuant to the terms of the Stock Agreement, as amended, on
December 28, 2020, 175,000 shares of restricted Common Stock held
by Ms. Sims were forfeited in connection with the up-listing
milestone. The Award was approved in recognition of the achievement
by the Company of certain listing requirements related to such
up-listing, even though an up-listing has not yet


Item 9.01 Financial Statements and Exhibits.











Form of
Unrestricted Stock Award Agreement









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.










December 30, 2020


Richard P. Heyse




Richard P. Heyse

Chief Financial Officer










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Other recent filings from the company include the following:

Current report, items 1.01, 7.01, and 9.01 - April 12, 2021
Libsyn Acquires Podcast Monetization Platform Glow - April 12, 2021
Libsyn Announces Agreements to Acquire AdvertiseCast & Raise $25 Million in New Equity Commitments - March 31, 2021
Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 - March 31, 2021
Liberated Syndication: Libsyn Announces Agreements To Acquire Advertisecast & - March 31, 2021

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