RPX Corporation (NASDAQ:RPXC) 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
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
the Board of Directors as a Class I director until the annual
meeting in 2018, effective as of the same day. The Company is
aware of no arrangement or understanding between Ms. Yen and any
other person to which she was appointed as a director. There are
no family relationships between Ms. Yen and any director or
executive officer of the Company. Ms. Yen has no direct or
indirect material interest in any transaction or series of
similar transactions contemplated by Item 404(a) of Regulation
the Company until September 1, 2017. Notwithstanding her status
as an employee, the Board has determined that Ms. Yen will
participate in the compensation program for non-employee
directors as described in the Companys 2016 annual proxy
statement filed with the Securities and Exchange Commission on
May 27, 2016. Accordingly, Ms. Yen will receive an initial
restricted stock unit award with a target value of $175,000 upon
her election to the Board.
Press release issued by RPX Corporation dated April 12,
About RPX Corporation (NASDAQ:RPXC)
RPX Corporation offers patent risk management solutions. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents. The core of its solution is defensive patent aggregation, in which the Company acquires patents and licenses to patents that are being or may be asserted against its clients. The Company then licenses these patent assets to its clients to protect them from patent infringement assertions. The Company also provides its clients with access to its patent market intelligence and data. The Company acquires patent assets from various parties, including operating companies, individual inventors, non-practicing entities (NPEs), universities and bankruptcy trustees. Clients can access this market intelligence and data through its Web portal and through discussions with its client relations team. The Company also offers insurance to cover certain costs of patent litigation. RPX Corporation (NASDAQ:RPXC) Recent Trading Information
RPX Corporation (NASDAQ:RPXC) closed its last trading session down -0.29 at 12.23 with 268,140 shares trading hands.