(Update1) BlackBerry extends CEO John Chen’s contract for 5 years in endorsement of his strategy that includes patent monetization

BlackBerry Ltd. (BB) said its board extended the contract of its Executive Chairman and CEO, John Chen, for five years through November 2023, an endorsement of his plan to boost the company’s patent monetization market in a down market. The Waterloo, Ontario-based company said Chen joined the company in November 2013 and has since then [...]

By | March 15th, 2018|exec changes, Patent Investing|0 Comments

(Update2) RPX’s board approves severance for CEO and CFO in the event of a change of control

RPX Corp. (RPXC), the patent aggregator and litigation loss control company that is exploring strategic alternatives including a possible sale, said its board's compensation committee on March 2  approved severance benefits for Chief Executive Officer Martin Roberts and Chief Financial Officer David Anderson in the event of a change in control. Last month, San Francisco-based [...]

By | March 6th, 2018|exec changes, Patent Investing|0 Comments

In wake of $65M Apple settlement, Immersion may be more likely to find a buyer than a new CEO

Immersion Corp. (IMMR), the haptic or touch technology company that won a $65 million settlement from Apple Inc. in January, may be closer to selling the company than finding a new CEO, based on a recent securities filing. San Jose, California-based Immersion has been looking for a new CEO to replace Vic Viegas who in [...]

Quarterhill swings to 4th-Qtr loss on charges related to disposal and impairment of intangibles

Quarterhill Inc. (QTRH), the technology and licensing company run by CEO Douglas Parker, swung to a fourth quarter 2017 net loss of $12.36 million, or 10 cents a share, on $26.3 million in non cash charges related to a loss on disposal of intangible assets and impairment loss on intangibles. Ottawa, Ontario-based Quarterhill's loss compared [...]

Ex-Gerchen Keller partners Keller, Gerchen and Lenkner form new law firm to advise on litigation

Ashley Keller, Adam Gerchen and Travis Lenkner, former founders of Gerchen Keller Capital, which was acquired by Burford Capital last year, have launched a new law firm Keller Lenkner that seeks to be a leading national law firm representing a broad array of clients as plaintiffs in complex litigation at the trial and appellate levels. Keller, [...]

By | February 20th, 2018|exec changes, litigation, Patent Investing, Uncategorized|0 Comments

Provenance Asset Group is close to selling its first ‘slice’ of patents to a non-U.S. operating company

Provenance Asset Group LLC, the patent licensing company run by CEO Dan McCurdy, is selling its first "slice" of patents tailored to the defensive needs of a foreign operating company and is actively talking with a handful of operating companies in the U.S. “We have now prepared and are in the process of executinour first [...]

Xperi appoints former DTS director Molina to its board, announces salaries and bonus for two execs

Xperi Corp. (XPER), the technology licensing company run by CEO Jon Kirchner, said V. Sue Molina, CPA, was appointed to its board, effective Feb. 7. San Jose, California-based Xperi said Molina's appointment means Xperi's board has 8 members. Previously, Molina served as a board member at DTS Inc., a wholly owned subsidiary of Xperi, from [...]

By | February 8th, 2018|exec changes, Patent Investing|0 Comments

RPX to pay departing chief revenue officer Steven Swank $525K under separation agreement

RPX Corp. (RPXC), the patent risk aggregator and litigation loss control firm run by CEO Martin Roberts, said it agreed to pay outgoing Chief Revenue Officer Steven Swank $525,000 under a new separation and mutual non-disparagement agreement. San Francisco-based RPX said the agreement signed Feb. 1 calls for Swank to receive a payment of an [...]

By | February 6th, 2018|exec changes, Patent Investing|0 Comments

Provenance Asset Management hires two former RPX executives to beef up its ranks

Provenance Asset Management LLC, the patent licensing company run by CEO Dan McCurdy, has hired two former RPX Corp. (RPXC) executives Seth Besse and Claus Melarti. Besse was hired as a senior vice president in January. Prior to that he was vice president of product management and data solutions at San Francisco-based RPX. While at [...]

By | February 5th, 2018|exec changes, Patent Investing|0 Comments

InterDigital elevates Berghuis to chief licensing officer, as three executives to depart in April

InterDigital Inc. (IDCC), the mobile technology research and development and licensing company run by CEO Bill Merritt, today announced the upcoming retirement of three of its executives, as well as the appointment of Timothy Berghuis as Chief Licensing Officer.
 The Wilmington, Delaware-based company said Lawrence Shay, senior executive vice president, future wireless, and chief intellectual [...]

By | January 31st, 2018|exec changes, Patent Investing|0 Comments