Acacia certifies shareholder vote that ousted Executive Chairman Graziadio

Acacia Research Corp. (ACTG), the struggling patent licensing company, said shareholders ousted Executive Chairman G. Louis Graziadio and director Frank Walsh in favor of Al Tobia Jr. and Clifford Press, who were nominated by activist investors Sidus Investment Management and BLR Partners LP. Newport Beach, California-based Acacia said Tobia, who runs New York-based Sidus, was [...]

By | June 20th, 2018|exec changes, Patent Investing|0 Comments

Incoming WiLAN CEO Keaton Parekh sees ‘innovation’ as key to its future success

Keaton Parekh, the incoming CEO of WiLAN Inc., the patent licensing unit of Quarterhill Inc. (QRTH), said he will be looking to build new opportunities with a focus on "innovation" as he drives the business forward. In a phone interview, Parekh said it’s clear that the patent licensing business has undergone significant changes since he [...]

By | June 17th, 2018|exec changes, Patent Investing|0 Comments

(Update3) Activists Sidus and BLR succeed in pushing out Acacia’s Graziadio and Walsh

Activists Sidus Investment Management LLC, run by Al Tobia Jr., and BLR Partners LP, run by Bradley Radoff, have succeeded in their proxy battle to unseat Acacia Research Corp. (ACTG) Executive Chairman G. Louis Graziadio III and director Frank Walsh. Sidus and BLR said that, based on the preliminary report provided by their proxy solicitor, [...]

By | June 14th, 2018|exec changes, Patent Investing|0 Comments

(Update4) Lumileds chief IP officer Keaton Parekh named CEO of WiLAN

Quarterhill Inc. (QTRH), the diversified holding company, said it appointed Keaton Parekh, an executive with extensive experience in technology strategy and licensing, as president and CEO of its patent licensing subsidiary WiLAN Inc. effective July 9, 2018. The Ottawa, Ontario-based company also said that Executive Chairman Jim Skippen, who had been interim CEO of WiLAN [...]

By | June 14th, 2018|exec changes, Patent Investing|0 Comments

Activists outline plan to overhaul Acacia in latest letter to shareholders ahead of annual meeting proxy vote

Activists Sidus Investment Management, run by Al Tobia Jr., and BLR Partners LP, run by Bradley Radoff, said they have a “sensible value creation platform” to overhaul Acacia Research Corp. (ACTG) and make it more accountable to shareholders. In a June 7 letter to shareholders, urging them to support Tobia’s and hedge fund manager Clifford [...]

By | June 7th, 2018|exec changes, NPE, Patent Investing|0 Comments

(Update1) Acacia says activists have spurned offer to put one of their nominees on the board with Graziadio and Walsh

Acacia Research Corp. (ACTG), the patent licensing company run by Executive Chairman G. Louis Graziadio III, said the two activist investors seeking to oust Graziadio and another director Frank Walsh in a proxy battle, have rejected the Acacia board's offer to put one of the activist nominees on the board as long as Graziadio and [...]

By | May 25th, 2018|exec changes, Patent Investing|0 Comments

(Update1) InterDigital names Dr. Henry Tirri as its new chief technology officer

InterDigital Inc. (IDCC), the mobile technology research and development and licensing company run by CEO Willam Merritt, said it appointed Dr. Henry Tirri, formerly an execute vice president at Harman International Industries, as Chief Technology Officer. Wilmington, Delaware-based InterDigital said Dr. Tirri is a technology executive with deep experience in a variety of technology areas, [...]

By | May 17th, 2018|exec changes, Patent Investing|0 Comments

Marathon names interim CFO and new director after CFO Knuettel resigns

Marathon Patent Group Inc. (MARA), the patent licensing company that is developing a blockchain technology business, said it appointed Director David Lieberman on April 26 to be interim chief financial officer after the resignation of CFO Francis Knuettell II on April 22. Los Angeles-based Marathon said Knuettel "did not resign for any reasons related to [...]

By | April 26th, 2018|exec changes, Patent Investing|0 Comments

InterDigital names Dolby Labs’ Eric Cohen as chief development officer

InterDigital Inc. (IDCC), the mobile technology licensing company run by CEO William Merritt, said it named Eric Cohen, a former executive from Dolby Laboratories and investment banker at Cowen Group, as its chief development officer. Wilmington, Delaware-based InterDigital said Cohen will lead a combined business strategy and corporate development organization, responsible for acquisitions, strategic investments [...]

By | April 23rd, 2018|exec changes, Patent Investing|0 Comments

Quarterhill shareholders re-elect Skippen, Parker and other directors

Quarterhill Inc (QTRH), formerly known as WiLAN Inc., said Executive Chairman Jim Skippen was re-elected to the board of the diversified holding company at the recent annual meeting. Skippen, who was replaced as CEO last year by Douglas Parker, received only 83% of the vote, the lowest of the eight directors elected. Parker led all [...]

By | April 20th, 2018|exec changes, Patent Investing|0 Comments