---
schema_version: "secwatch.filing_event.v1"
accession: "0000934549-24-000013"
form_type: "8-K"
ticker: "ACTG"
cik: "0000934549"
company_name: "ACACIA RESEARCH CORP"
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:53:12.967894+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000934549-24-000013
- form_type: 8-K
- ticker: ACTG
- cik: 0000934549
- company_name: ACACIA RESEARCH CORP
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/934549/000093454924000013/0000934549-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/934549/000093454924000013/actg-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000934549-24-000013
- JSON: https://secwatch.observer/filing/0000934549-24-000013.json
- Plain text: https://secwatch.observer/filing/0000934549-24-000013.txt

## Key facts
- Executive change
  Jonathan Sagal resigned as Director at ACACIA RESEARCH CORP.
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/934549/000093454924000013/0000934549-24-000013-index.htm
- Executive change
  Ajay Sundar was appointed as Director at ACACIA RESEARCH CORP.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/934549/000093454924000013/0000934549-24-000013-index.htm

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