PRISM TECHNOLOGIES GROUP, INC. (NASDAQ:PRZM) 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 November 29, 2016 the Compensation Committee (the “Compensation Committee”) of the Board of Directors of Prism Technologies Group, Inc. (the “Company”) approved an amendment to the Incentive Compensation Plan (“Plan”) for the Company’s executive officers, directors and employees. The amendment increases the amount of incentive compensation available to any participant from 1.5 to 2.5 times the amount of his cumulative compensation reduction measured between the date of participation through the payout date.
The original Plan was described in the Current Report on Form 8-K filed with the Securities Exchange Commission on September 8, 2016.
About PRISM TECHNOLOGIES GROUP, INC. (NASDAQ:PRZM)
Prism Technologies Group, Inc., formerly Internet Patents Corporation, is engaged in the business of licensing and enforcing a portfolio of patents relating to technologies developed by it. The Company’s subsidiary is Prism Technologies, LLC (Prism). Prism has two primary operating subsidiaries: Secure Axcess, LLC and Millenium Biologix, LLC. Prism also operates an intellectual property licensing and enforcement business. The Company and its subsidiaries own a portfolio of patents with over 50 issued patents in the areas of computer and network security, semiconductors and medical technology. The Company’s patent portfolio includes Gregg Patents for device authentication and access to protected resources; Glazer Patents for image recognition and Website authentication; Weber Patents for multiple screen computer display; Pugh Patents for synthetic biomaterial compound; Wallace Patents for encrypted cookies, and Quizid Patents for authentication tokens. PRISM TECHNOLOGIES GROUP, INC. (NASDAQ:PRZM) Recent Trading Information
PRISM TECHNOLOGIES GROUP, INC. (NASDAQ:PRZM) closed its last trading session up +0.020 at 0.250 with 15,252 shares trading hands.