Acacia Research Enhances Senior Management Team, Names Richard Rosenstein as CFO, Meredith Simmons as General Counsel
June 05 2020 - 06:00AM
Business Wire
Accomplished and Experienced Executives
Strengthen Senior Management Team
Acacia Research Corporation (“we,” "Acacia" or "the Company")
(Nasdaq: ACTG) today announced that it has enhanced and expanded
its senior management team with two key appointments. Richard
Rosenstein was named Chief Financial Officer and Meredith Simmons
was appointed as General Counsel, effective immediately.
Clifford Press, Chief Executive Officer, stated, “We are
expanding our senior leadership team to accelerate our stated
M&A strategy. Richard brings significant CFO and executive
leadership experience and has a previous background as a research
analyst and as an investor, which we think will make an excellent
addition to our executive team. Meredith has a proven track record
of excellence both as an attorney, and in demonstrating her
business acumen in her consulting work for hedge funds and private
equity firms. We think Meredith’s skills are essential to help us
build our platform. Both Richard and Meredith also bring a
significant amount of transactional experience to our team. We
welcome Richard and Meredith and we are confident their experience
and capabilities will serve our shareholders well.”
Mr. Rosenstein has served in several CFO roles, most recently as
CFO of CLEAR since 2017. This follows over 15 years of experience
as a research analyst covering the communications, media, and
entertainment industries at Goldman Sachs and Baron Capital. Mr.
Rosenstein has a BA from the University of Pennsylvania and an MBA
from Columbia Business School.
Ms. Simmons most recently served as General Counsel and Chief
Compliance Officer of Mason Capital Management from 2011 through
2018, as well as a consultant to private equity and hedge funds
from 2018-2020. Prior to this, Ms. Simmons held legal roles at
Cantor Fitzgerald, and several major U.S. law firms. Ms. Simmons
has a BA from the University of California, Los Angeles and JD from
Georgetown University Law Center. She also holds an LLM from New
York University Law School.
About Acacia Research Corporation
Founded in 1993, Acacia Research Corporation (ACTG) invests in
absolute return assets of intellectual property, life sciences, and
other developed technologies. In 2020, Acacia embarked on a
strategic partnership with Starboard Value, L.P. to build a
platform to pursue opportunities that leverage Acacia’s governance
experience and significant capital resources.
Information about Acacia Research Corporation and its
subsidiaries is available at www.acaciaresearch.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This news release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based upon our
current expectations and speak only as of the date hereof. Our
actual results may differ materially and adversely from those
expressed in any forward-looking statements as a result of various
factors and uncertainties, including the ability to successfully
implement our strategic plan, the ability to successfully build out
a new leadership team within a certain timeframe, the ability to
streamline financial reporting, the ability to successfully develop
licensing programs and attract new business, changes in demand for
current and future intellectual property rights, legislative,
regulatory and competitive developments addressing licensing and
enforcement of patents and/or intellectual property in general,
general economic conditions and the success of our investments. Our
Annual Report on Form 10-K, recent and forthcoming Quarterly
Reports on Form 10-Q, recent Current Reports on Form 8-K, and any
amendments to the foregoing, and other SEC filings discuss some of
the important risk factors that may affect our business, results of
operations and financial condition. We undertake no obligation to
revise or update publicly any forward-looking statements for any
reason.
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version on businesswire.com: https://www.businesswire.com/news/home/20200605005080/en/
Acacia Research Investor Contact: FNK IR Rob Fink,
646-809-4048 rob@fnkir.com
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