{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-113094","form_type":"8-K","ticker":"ACTG","cik":"0000934549","company_name":"ACACIA RESEARCH CORP","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.097166+00:00","generated_at":"2026-06-22T21:05:51.953238+00:00","sec_items":["1.01","1.02","3.02","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Acacia Research enters recapitalization with Starboard; CEO Clifford Press retires; Gavin Molinelli named Chair","bullets":["Starboard to invest over $245M additional capital; exercises warrants and converts preferred into common.","Rights offering at $5.25/share for 0.25 new shares per share held; Starboard commits to buy at least 15M shares.","CEO Clifford Press retires; COO MJ McNulty appointed interim CEO; Board to search for permanent successor.","Gavin Molinelli, Starboard Partner, appointed Chair of Acacia's Board.","Pro forma book value expected to increase to $534M ($5.37/share); adjusted book value $5.63/share."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-113094","json":"https://secwatch.observer/filing/0001104659-22-113094.json","markdown":"https://secwatch.observer/filing/0001104659-22-113094.md","text":"https://secwatch.observer/filing/0001104659-22-113094.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/934549/000110465922113094/0001104659-22-113094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/934549/000110465922113094/tm2229255d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T21:05:51.953238+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":"058077e98a","claim":"Gavin Molinelli was appointed as Chair of the Company’s Board at ACACIA RESEARCH CORP.","evidence_excerpt":"Gavin Molinelli, Partner and Portfolio Manager at Starboard was appointed as Chair of the Company’s Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/934549/000110465922113094/0001104659-22-113094-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chair of the Company’s Board"}],"fact_type":"executive_change"},{"claim_id":"6732cecb27","claim":"Clifford Press retired as Chief Executive Officer at ACACIA RESEARCH CORP.","evidence_excerpt":"Clifford Press will retire from his CEO and Board position","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/934549/000110465922113094/0001104659-22-113094-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"8a8af08dee","claim":"Martin D. McNulty Jr. was appointed as interim Chief Executive Officer at ACACIA RESEARCH CORP.","evidence_excerpt":"Martin D. McNulty Jr., the Company’s current Chief Operating Officer and Head of M&A, has been appointed as interim Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/934549/000110465922113094/0001104659-22-113094-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"interim Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"ab88038df8be05d8778087a8a39b1dd2f5149c2a","claim":"ACACIA RESEARCH CORP entered into Recapitalization Agreement with Starboard Value LP, a Delaware limited partnership (the \"Designee\") and the Investors (as defined in the Recapitalization Agreement) (effective 2022-10-30).","evidence_excerpt":"On October 30, 2022, Acacia Research Corporation, a Delaware corporation (the “ Company ”), entered into a Recapitalization Agreement (the “ Recapitalization Agreement ”) with Starboard Value LP, a Delaware limited partnership (the “ Designee ”) and the Investors (as defined in the Recapitalization Agreement)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/934549/000110465922113094/0001104659-22-113094-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Starboard Value LP, a Delaware limited partnership (the \"Designee\") and the Investors (as defined in the Recapitalization Agreement)"},{"label":"Effective","value":"2022-10-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}