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 Officers
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

On April 11, 2017, the compensation committee of the board of directors (the “Compensation Committee”) of Marathon Patent Group, Inc., a Nevada corporation (the “Company”), approved and authorized an increase in the annual salary of the Company’s Chief Financial Officer, Francis Knuettel II, to three hundred sixty thousand dollars ($360,000) per annum, effective as of April 16, 2017. In approving such increase, the Compensation Committee also ratified all other terms of Mr. Knuettel’s employment agreement dated May 15, 2014, a copy of which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on May 15, 2014.

About MARATHON PATENT GROUP, INC. (NASDAQ:MARA)

Marathon Patent Group Inc. (MARA) is engaged in acquiring patents and patent rights from owners or other ventures. The Company monetizes its portfolio of patents and patent rights by entering into license discussions. The Company owns around 378 United States and foreign patents, and patent rights across a range of technologies and markets. The Company owns around 22 patent applications across a range of technologies and markets.

MARATHON PATENT GROUP, INC. (NASDAQ:MARA) Recent Trading Information

MARATHON PATENT GROUP, INC. (NASDAQ:MARA) closed its last trading session up +0.020 at 0.850 with 77,448 shares trading hands.