Acacia Research Corp. (ACTG) has released an update.
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Acacia Research Corporation has solidified its leadership by officially appointing Martin D. McNulty, Jr. as the permanent CEO after his interim tenure since November 2022. McNulty’s new compensation includes a $500,000 annual salary, potential annual bonuses, and stock-related payments based on the company’s performance metrics. Additionally, his employment terms cover severance benefits and restrictions post-employment. McNulty’s experience has also led to his appointment as a director on the expanded Board, reinforcing the company’s confidence in his abilities to steer its strategic direction.
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