0000934549-17-000048.txt : 20170918 0000934549-17-000048.hdr.sgml : 20170918 20170918145911 ACCESSION NUMBER: 0000934549-17-000048 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170918 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20170918 DATE AS OF CHANGE: 20170918 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACACIA RESEARCH CORP CENTRAL INDEX KEY: 0000934549 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 954405754 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37721 FILM NUMBER: 171089765 BUSINESS ADDRESS: STREET 1: 520 NEWPORT CENTER DRIVE STREET 2: 12TH FLOOR CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 9494808300 MAIL ADDRESS: STREET 1: 520 NEWPORT CENTER DRIVE STREET 2: 12TH FLOOR CITY: NEWPORT BEACH STATE: CA ZIP: 92660 8-K 1 a8k-stewartemploymentagmt.htm 8-K Document




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): September 18, 2017
 



ACACIA RESEARCH CORPORATION
(Exact name of registrant as specified in its charter)
 




 
 
 
Delaware
(State or other jurisdiction of
incorporation)
001-37721
(Commission File Number)
95-4405754
(IRS Employer
Identification No.)
 
 
 
520 Newport Center Drive, 12th Floor
Newport Beach, California
(Address of principal executive offices)
 
92660
(Zip Code)
(949) 480-8300
Registrant’s telephone number, including area code


(Former name or former address, if changed since last report)



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:





 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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 Arrangements of Certain Officers.
As previously reported, on April 19, 2017, the Board of Directors (the “Board”) of Acacia Research Corporation (“Acacia”) appointed Robert B. Stewart, Jr. to serve as Acacia’s President. On September 18, 2017, Acacia Research Group LLC (“ARG”), a Texas limited liability company and wholly-owned subsidiary of Acacia, entered into an Employment Agreement with Mr. Stewart (the “Employment Agreement”), pursuant to which Mr. Stewart will receive an annual base salary of $400,000 and will be eligible to receive annual cash incentive compensation as determined by the Board in accordance with Acacia’s executive compensation program (the “Executive Compensation Program”). Mr. Stewart will also be eligible to receive equity awards as determined by the Board in accordance with the Executive Compensation Program and Acacia’s equity compensation plans. In addition, Mr. Stewart will be entitled to certain benefits and perquisites, including, but not limited to, vacation and holidays, sick leave, and health insurance, to the extent and on the terms made available to other similarly situated employees, and severance compensation upon the occurrence of certain events.
The foregoing summary of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Employment Agreement, a copy of which will be filed with Acacia’s Quarterly Report on Form 10-Q for the quarterly period ending September 30, 2017.























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.

ACACIA RESEARCH CORPORATION
Date: September 18, 2017                        /s/ Edward J. Treska             
Executive Vice President, General Counsel and Secretary