Synacor, Inc. (NASDAQ:SYNC) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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Synacor, Inc. (NASDAQ:SYNC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.

Entry into a Material Definitive Agreement.

On March 31, 2017, Synacor, Inc. (“Synacor”) entered into a Second Amended & Restated Master Services Agreement (the “Restated Agreement”) with Qwest Corporation (“Qwest”), on behalf of itself and as agent for its affiliates (including CenturyLink, Inc.), thereby amending and restating that certain Amended and Restated Master Services Agreement between Qwest and Synacor dated January 1, 2012 (as amended, the “Existing Agreement”).

The Restated Agreement amends the Existing Agreement to, among other things, extend the term of the Existing Agreement until May 31, 2020 followed by five automatic renewal periods of one year each. The Restated Agreement also includes an expanded managed email service for CenturyLink’s residential and business customers.

The foregoing description of the Restated Agreement is only a summary, does not purport to be complete and is qualified in its entirety by reference to the full text of the Restated Agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2017.


About Synacor, Inc. (NASDAQ:SYNC)

Synacor, Inc. is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers and enterprises. The Company enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation. Through its Managed Portals and Advertising solutions, the Company enables its customers to earn revenue by monetizing media among their consumers. Its Managed Portals are delivered across devices and under its customers’ own brand names. The Company delivers content, such as top news, entertainment, and long- and short-form video and applications, on its Managed Portals. In addition, consumers have the ability through portals to manage their e-mail and messaging, pay bills, receive special promotions and perform other account management needs.

Synacor, Inc. (NASDAQ:SYNC) Recent Trading Information

Synacor, Inc. (NASDAQ:SYNC) closed its last trading session down -0.05 at 4.10 with 83,712 shares trading hands.