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ACTG Acacia Research

Employees

Data from SEC filings
Employee count
CEO pay ratio
CEO Salary
Median Employee Salary

Shareholder alignment

Proxy contests and exempt solicitations in last 3 years

No recent proxy contest or exempt solicitation filings from shareholders.

Vote support at last AGM


On May 12, 2021, Acacia Research Corporation (the “Company”) held its 2021 Annual Meeting of Stockholders (the “Annual Meeting”) virtually via live webcast at www.virtualshareholdermeeting.com/ACTG2021. As of March 15, 2021, the record date for the Annual Meeting, there were 49,279,453 shares of the Company’s common stock (the “Common Stock”), issued, outstanding and entitled to vote, and 350,000 shares of the Company’s Series A Convertible Preferred Stock (“Preferred Shares”) issued, outstanding and entitled to 9,589,042 votes.

At the Annual Meeting, 38,700,666 shares of the Common Stock and 350,000 Preferred Shares were present virtually or represented by proxy, constituting a quorum for the conduct of business at the Annual Meeting.

Set forth below are brief descriptions of the proposals voted upon at the Annual Meeting, and the final results of the stockholder vote on each proposal, as certified by Broadridge Financial Solutions Inspector of Election Services, the inspector of election for the Annual Meeting. These proposals are described in more detail in the Company’s definitive proxy statement, filed with the Securities and Exchange Commission on April 16, 2021.

Proposal No. 1: To elect six directors to serve on the Company’s Board of Directors until the 2022 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified.

DirectorsForAgainst

Abstain
Broker

Non-Votes
Maureen O’Connell39,833,079695,604261,0157,150,010
Katharine Wolanyk35,957,0214,512,645320,0327,150,010
Isaac T. Kohlberg38,640,6081,895,982253,1087,150,010
Jonathan Sagal39,146,0101,316,678327,0107,150,010
Clifford Press39,982,881549,203257,6147,150,010
Alfred V. Tobia, Jr.39,918,707613,276257,7157,150,010




Proposal No. 2: To ratify the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021.

Votes ForVotes AgainstVotes AbstainingBroker Non-Votes
46,326,8251,509,270103,6130


Proposal No. 3: To approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers.

Votes ForVotes AgainstVotes AbstainingBroker Non-Votes
38,829,606791,8541,168,2387,150,010


Proposal No. 4: To approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to eliminate supermajority voting requirements applicable to special corporate actions, was as follows:

Votes ForVotes AgainstVotes AbstainingBroker Non-Votes
40,082,062599,247108,3897,150,010


No other matters were presented for consideration or stockholder action at the Annual Meeting.

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