secwatch / observer

8-K filed May 22, 2023, 7:59 PM ET ticker ACTG CIK 0000934549

other confidence high sentiment neutral materiality 0.15

Acacia Research shareholders elect all directors, approve removal of preferred stock cap

ACACIA RESEARCH CORP

All six director nominees elected; lowest support for Katharine Wolanyk at 91.8% of votes cast.
Ratification of Grant Thornton as auditor passed with 99.7% approval.
Advisory say-on-pay approved (95.5%) and frequency set to every 1 year.
Amendment to Series A Preferred Stock removing conversion cap approved (98.7%).

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ACACIA RESEARCH CORP shareholders approved To approve the vote to amend the Amended and Restated Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Stock (the “Certificate of Designations”) to remove the Maximum Percentage limitation, as defined in the Certificate of Designation. at the 2023-05-16 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-05-16

Exact text from the filing

Proposal No. 5: To approve the vote to amend the Amended and Restated Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Stock (the “Certificate of Designations”) to remove the Maximum Percentage limitation, as defined in the Certificate of Designation. Votes For Votes Against Votes Abstaining Broker Non-Votes 46,582,135 626,642 77,243 9,322,262

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ACACIA RESEARCH CORP shareholders approved To approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers. at the 2023-05-16 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-05-16

Exact text from the filing

Proposal No. 3: To approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers. Votes For Votes Against Votes Abstaining Broker Non-Votes 45,156,929 1,293,860 835,231 9,322,262

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ACACIA RESEARCH CORP shareholders approved To ratify the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-05-16 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-16

Exact text from the filing

Proposal No. 2: To ratify the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. Votes For Votes Against Votes Abstaining Broker Non-Votes 56,439,305 158,846 10,131

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ACACIA RESEARCH CORP shareholders approved To elect six directors to serve on the Company’s Board of Directors until the 2024 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified. at the 2023-05-16 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-16

Exact text from the filing

Proposal No. 1: To elect six directors to serve on the Company’s Board of Directors until the 2024 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified. Directors For Against Abstain Broker Non-Votes Gavin Molinelli 46,483,100 790,095 12,825 9,322,262 Isaac T. Kohlberg 45,582,007 1,694,410 9,603 9,322,262 Maureen O’Connell 46,042,948 1,233,470 9,602 9,322,262 Geoff Ribar 46,018,331 1,254,864 12,825 9,322,262 Jonathan Sagal 46,179,591 1,096,676 9,753 9,322,262 Katharine Wolanyk 43,429,688 3,843,646 12,686 9,322,262

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

ACACIA RESEARCH CORP shareholders approved To approve, on a non-binding, advisory vote, the frequency of future advisory votes on the compensation of the Company’s named executive officers. at the 2023-05-16 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-05-16

Exact text from the filing

Proposal No. 4: To approve, on a non-binding, advisory vote, the frequency of future advisory votes on the compensation of the Company’s named executive officers. 1 Year 2 Years 3 Years Abstain Broker Non-Votes 44,147,236 17,395 2,194,380 927,009 9,322,262

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560 shareholder votes filed in the last 30 days. Browse all shareholder votes →

ACACIA RESEARCH CORP filing history →

Source: SEC EDGAR

accession 0000934549-23-000065

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