President & CIO Alfred Tobia resigns after family member's trading; CEO Press assumes President role

ACACIA RESEARCH CORP

Alfred V. Tobia, Jr., President and Chief Investment Officer and board member, resigned on Sept 9, 2021.
Resignation followed disclosure to Company of trading in Company securities and certain investments by a Tobia family member.
Company has commenced a review into the trading; Tobia did not serve on any board committee.
CEO Clifford Press will assume President role with no change to his compensation.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Clifford Press

President

ACTG · ACACIA RESEARCH CORP

Effective: 2021-09-09
Filed: September 10, 2021, 7:59 PM ET

Clifford Press, the Company’s Chief Executive Officer, will assume the role of President and, in connection with him assuming such role, his compensation will not change.

Departed

Alfred V. Tobia, Jr.

President and Chief Investment Officer and Director

ACTG · ACACIA RESEARCH CORP

Effective: 2021-09-09
Successor: Clifford Press
Filed: September 10, 2021, 7:59 PM ET

On September 9, 2021, Acacia Research Corporation (the “Company”) accepted the resignation of Alfred V. Tobia, Jr., President and Chief Investment Officer and a member of the Company’s board of directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Clifford Press changed role as President at ACACIA RESEARCH CORP.

Action: assumed
Role: President

Exact text from the filing

Clifford Press, the Company’s Chief Executive Officer, will assume the role of President and, in connection with him assuming such role, his compensation will not change.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alfred V. Tobia, Jr. resigned as President and Chief Investment Officer and Director at ACACIA RESEARCH CORP.

Action: resigned
Role: President and Chief Investment Officer and Director

Exact text from the filing

On September 9, 2021, Acacia Research Corporation (the “Company”) accepted the resignation of Alfred V. Tobia, Jr., President and Chief Investment Officer and a member of the Company’s board of directors.

View on SEC.gov

ACACIA RESEARCH CORP filing history →

Source: SEC EDGAR

accession 0000902664-21-004167

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.