secwatch.observer — SEC 8-K summary
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Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2021-09-10T23:59:59+00:00
Accession:  0000902664-21-004167
Event type: leadership
Sentiment:  negative
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000090266421004167/0000902664-21-004167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000090266421004167/p21-2123form8k.htm
  HTML page:      https://secwatch.observer/filing/0000902664-21-004167

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer