Network-1 Technologies, Inc. (NYSEMKT:NTIP) Files An 8-K Material Modification to Rights of Security Holders
Item 3.03 Material Modifications to Rights of Security Holders.
On December 7, 2016, the Board of Directors of Network-1
Technologies, Inc. (“Network-1”) approved the initiation of a
dividend policy as part of Network-1’s ongoing commitment to
increasing shareholder value and return on investment. The
newly-adopted dividend policy provides for the payment of a
regular semi-annual dividend of $0.05 per common share ($0.10 per
common share annually) commencing in 2017. Network-1 anticipates
paying the semi-annual dividends in March and September of each
year. It is anticipated that the semi-annual regular dividend
will continue to be paid through March 2020 (the expiration of
Network-1’s Remote Power Patent) provided that Network-1
continues to receive royalties from licensees of its Remote Power
Patent. A copy of the press release announcing the new dividend
policy is attached as Exhibit 99.1.
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Exhibit No.
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Description
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99.1 |
Press Release dated December 9, 2016 |
About Network-1 Technologies, Inc. (NYSEMKT:NTIP)
Network-1 Technologies, Inc. is engaged in the development, licensing and protection of its property assets. The Company owns over 27 patents, including the remote power patent (Remote Power Patent) covering the delivery of power over Ethernet (PoE) cables for the purpose of remotely powering network devices, such as wireless access ports, Internet protocol (IP) phones and network based cameras; the Mirror Worlds patent portfolio (the Mirror Worlds Patent Portfolio) relating to foundational technologies that enable unified search and indexing, displaying and archiving of documents in a computer system; the Cox patent portfolio (the Cox Patent Portfolio) relating to enabling technology for identifying media content on the Internet, and the QoS patents (the QoS Patents) covering systems and methods for the transmission of audio, video and data in order to achieve high quality of service (QoS) over computer and telephony networks. Network-1 Technologies, Inc. (NYSEMKT:NTIP) Recent Trading Information
Network-1 Technologies, Inc. (NYSEMKT:NTIP) closed its last trading session up +0.20 at 3.40 with shares trading hands.