Acacia Research appoints Starboard Value's Ajay Sundar to board, replacing Jonathan Sagal

ACACIA RESEARCH CORP

Jonathan Sagal resigned as director effective Feb 13, 2024; no dispute with the company or board.
Ajay Sundar, Managing Director at Starboard Value LP, appointed director effective Feb 13, 2024.
Sundar will serve until 2024 annual meeting; receives standard non-employee director compensation.
Sundar entered into a standard indemnification agreement with Acacia.
No family relationships or reportable transactions between Sundar and any director/officer.

item 5.02

Executive movements

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Departed

Jonathan Sagal

Director

ACTG · ACACIA RESEARCH CORP

Effective: 2024-02-13
Successor: Ajay Sundar
Filed: February 15, 2024, 6:59 PM ET

On February 12, 2024, Jonathan Sagal, a member of the Board of Directors of Acacia Research Corporation (the “Company”), notified the Company of his intention to resign as a director of the Company, effective February 13, 2024.

Appointed

Ajay Sundar

Director

ACTG · ACACIA RESEARCH CORP

Effective: 2024-02-13
Filed: February 15, 2024, 6:59 PM ET

On February 13, 2024, Ajay Sundar, Managing Director at Starboard Value LP (“Starboard Value”), was appointed as a director of the Company to serve until the Company’s 2024 annual meeting of stockholders and until his successor is duly elected and qualified.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Sagal resigned as Director at ACACIA RESEARCH CORP.

Action: resigned
Role: Director

Exact text from the filing

On February 12, 2024, Jonathan Sagal, a member of the Board of Directors of Acacia Research Corporation (the “Company”), notified the Company of his intention to resign as a director of the Company, effective February 13, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ajay Sundar was appointed as Director at ACACIA RESEARCH CORP.

Action: appointed
Role: Director

Exact text from the filing

On February 13, 2024, Ajay Sundar, Managing Director at Starboard Value LP (“Starboard Value”), was appointed as a director of the Company to serve until the Company’s 2024 annual meeting of stockholders and until his successor is duly elected and qualified.

View on SEC.gov

ACACIA RESEARCH CORP filing history →

Source: SEC EDGAR

accession 0000934549-24-000013

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