---
schema_version: "secwatch.filing_event.v1"
accession: "0000902664-21-004167"
form_type: "8-K"
ticker: "ACTG"
cik: "0000934549"
company_name: "ACACIA RESEARCH CORP"
filed_at: "2021-09-10T23:59:59+00:00"
generated_at: "2026-06-29T04:42:00.100940+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000902664-21-004167
- form_type: 8-K
- ticker: ACTG
- cik: 0000934549
- company_name: ACACIA RESEARCH CORP
- filed_at: 2021-09-10T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/934549/000090266421004167/0000902664-21-004167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/934549/000090266421004167/p21-2123form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000902664-21-004167
- JSON: https://secwatch.observer/filing/0000902664-21-004167.json
- Plain text: https://secwatch.observer/filing/0000902664-21-004167.txt

## Key facts
- Executive change
  Clifford Press changed role as President at ACACIA RESEARCH CORP.
  - Action: assumed
  - Role: President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/934549/000090266421004167/0000902664-21-004167-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/934549/000090266421004167/0000902664-21-004167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.