MARATHON PATENT GROUP,INC. (NASDAQ:MARA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April13, 2017, the Board appointed Mr.David P. Lieberman and Mr.Merrick D. Okamoto to serve as directors of the Board and as members of the Audit Committee of the Corporation, effective immediately.
Mr.Lieberman, age 73, serves as President at Cobra International,Inc., since December2010. Mr.Lieberman is also the owner of Lieberman Financial Consulting where he serves as an administrator for several investment groups involved in Water Disposal Wells and as a manager of several limited liability companies which require monthly financials and administration of investments in other entities. Prior to Cobra International,Inc., Mr.Lieberman served as the Chief Financial Officer and director of MEDL Mobile Holdings,Inc. in June2011 until his resignation on November30, 2011. He was responsible for the annual and quarterly reports on public filings of MEDL Mobile Holdings,Inc. In 2006, Mr.Lieberman served as a director of Datascension,Inc., a publicly traded company, where he was later appointed as the Chief Financial Officer in 2008 until his resignation in October2011. Datascension,Inc., was the leading market research and custom call center operating out of San Jose, Costa Rica, and generated revenues exceeding $20 million. Prior to Datascension,Inc., from early 2006 until his resignation in September2007, Mr.Lieberman served as the Chief Financial Officer, Chief Operating Officer and director of Dalrada Financial Corporation, a publicly traded financial services company located in San Diego, California. Dalrada Financial Corporation offered services including, but not limited to, payroll, human resources support, worker’s compensation insurance and employee benefits. From December2002 to September2006, he served as a consultant and later as the Chief Financial Officer, for John Goyak& Associates, a privately held firm that provided consulting services to the aerospace industry. The firm’s revenues reached over $10 million in 2006. Mr.Lieberman holds a Bachelor’s Degree in Business Administration from The University of Cincinnati and has been a licensed certified public accountant since 1970.
Mr.Merrick D. Okamoto, age 56, serves the President at Viking Asset Management which he co-founded in 2002. Mr.Okamoto is responsible for research, due diligence, and structuring potential investment opportunities. He has been instrumental in providing capital to over 200 private and public companies. He is also responsible for the firm’s trading operations. Prior to Viking, Mr.Okamoto co-founded TradePortal.com,Inc. in 1999 and served as its President until 2001. He was instrumental in developing the proprietary Trade Matrix software platform offered by TradePortal Securities. Mr.Okamoto’s negotiations were key in selling a minority stake in TradePortal.com Inc. to Thomson Financial. Prior to that, he held Vice President positions with Shearson Lehman Brothers, Prudential Securities, and Paine Webber. Mr.Okamoto was the founder of First Stage Capital,Inc. in 1996 which offers consulting and advisory services. He served as the Chairman of Optex System Holdings,Inc. from January3, 2013 until November19, 2014 and as its Director from March30, 2009 until November19, 2014. He serves as an Executive Director at Embark Corporation. Mr.Okamoto is widely recognized as an advanced trader specializing in short-term trading with sector momentum and extensive experience in technical market analysis techniques. From 1987 to 1990, Mr.Okamoto hosted the television program, The Income Report.