---
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"
generated_at: "2026-06-06T02:58:14.291204+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Acacia Research appoints Martin D. McNulty Jr. as permanent CEO and director

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000934549-24-000009
- JSON: https://secwatch.observer/filing/0000934549-24-000009.json
- Plain text: https://secwatch.observer/filing/0000934549-24-000009.txt

## Key facts
- Executive change
  Martin D. McNulty, Jr. was appointed as Chief Executive Officer at ACACIA RESEARCH CORP.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/934549/000093454924000009/0000934549-24-000009-index.htm
- Executive change
  Martin D. McNulty, Jr. was appointed as Director at ACACIA RESEARCH CORP.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/934549/000093454924000009/0000934549-24-000009-index.htm

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