{"schema_version":"secwatch.filing_event.v1","accession":"0000934549-24-000009","form_type":"8-K","ticker":"ACTG","cik":"0000934549","company_name":"ACACIA RESEARCH CORP","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.350720+00:00","generated_at":"2026-06-06T02:58:14.291204+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Acacia Research appoints Martin D. McNulty Jr. as permanent CEO and director","bullets":["McNulty, interim CEO since Nov 1, 2022, becomes permanent CEO and joins Board (expanded to 7 members).","New employment agreement: $500K annual salary, annual bonus 100–150% of salary based on performance goals.","Performance-based RSUs tied to adjusted book value CAGR (2023–2025); settlement in stock if employed.","Termination without cause or resignation for good reason: 1.5x salary, 18 months health subsidies, pro-rata bonus at 125% target.","Perpetual confidentiality/non-disparagement; 18-month non-solicitation; standard indemnification."],"urls":{"canonical":"https://secwatch.observer/filing/0000934549-24-000009","json":"https://secwatch.observer/filing/0000934549-24-000009.json","markdown":"https://secwatch.observer/filing/0000934549-24-000009.md","text":"https://secwatch.observer/filing/0000934549-24-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/934549/000093454924000009/0000934549-24-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/934549/000093454924000009/actg-20240213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T02:58:14.291204+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6db784b805","claim":"Martin D. McNulty, Jr. was appointed as Chief Executive Officer at ACACIA RESEARCH CORP.","evidence_excerpt":"On February 13, 2024, the Board of Directors (the “Board”) of Acacia Research Corporation (the “Company”) appointed Martin D. McNulty, Jr. as the Company’s Chief Executive Officer on a permanent basis.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/934549/000093454924000009/0000934549-24-000009-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"89331f75a9","claim":"Martin D. McNulty, Jr. was appointed as Director at ACACIA RESEARCH CORP.","evidence_excerpt":"the Board expanded the size of the Board from six to seven directors and the Board appointed Mr. McNulty as a director of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/934549/000093454924000009/0000934549-24-000009-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}