On August 1, 2018, Synacor, Inc. (the Company) announced that William Stuart has resigned as Chief Financial Officer and Secretary of the Company, effective August 1, 2018, and that Timothy Heasley has been appointed as Chief Financial Officer and Secretary, effective August 1, 2018. Mr. Heasley joined the Company in May 2018 as Senior Vice President of Finance. From June 2017 to February 2018, Mr. Heasley served as Chief Financial Officer of National Oak Distributors, where he played a key role in the acquisition of a regional competitor and was responsible for the company's finance, human resources and IT functions.

From April 2015 to May 2016, Mr. Heasley served as Chief Financial Officer of Motus Integrated Technologies, where his finance and IT responsibilities included finance team recruitment and oversight of implementation of new financial and management systems.