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.
Technologies, Inc. (“Network-1”) declared an initial
semi-annual cash dividend of $0.05 per common share which is
payable on March 24, 2017 to all common stockholders of record
as of March 3, 2017. Network-1’s newly-adopted dividend policy
previously announced provides for the payment of a regular
semi-annual dividend of $0.05 per common share ($0.10 per
common share annually). 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 February 2, 2017
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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 down -0.05 at 3.75 with shares trading hands.
