AP NEWS

Acacia Research Announces Changes to Board of Directors

July 31, 2018

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jul 31, 2018--Acacia Research Corporation (NASDAQ: ACTG) (the “Company”) announced today that William S. Anderson and Paul Falzone have resigned from the Board of Directors (the “Board”), effective July 25, 2018. The Company has determined that Mr. Anderson did not meet the minimum director attendance requirement for Board of Director and committee meetings held during 2017. Under the Company’s governance policies, the Company requested repayment of, and Mr. Anderson promptly remitted, a pro rata amount of Mr. Anderson’s 2017 monthly director fees.

Newly elected directors Clifford Press and Al Tobia said: “The Acacia Board is committed to cutting operating costs to protect stockholder capital and seeking highly-credentialed, independent directors with demonstrated governance and investment skills.”

ABOUT ACACIA RESEARCH CORPORATION

Founded in 1993, Acacia Research Corporation (NASDAQ:ACTG) is an industry leader in patent licensing and partners with inventors and patent owners to unlock the financial value in their patented inventions. Acacia bridges the gap between invention and application, facilitating efficiency and delivering monetary rewards to the patent owner.

Information about Acacia and its subsidiaries is available at www.acaciaresearch.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180731006008/en/

CONTACT: Investors:

Acacia Research Corporation

Clayton Haynes, 949-480-8316

chaynes@acaciares.com

or

Media:

Sloane & Company

Joe Germani / Kristen Duarte, 212-486-9500

jgermani@sloanepr.com/kduarte@sloanepr.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL OTHER PROFESSIONAL SERVICES

SOURCE: Acacia Research Corporation

Copyright Business Wire 2018.

PUB: 07/31/2018 06:11 PM/DISC: 07/31/2018 06:11 PM

http://www.businesswire.com/news/home/20180731006008/en

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