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

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

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Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

Appointment of Martin E. Roberts as President and Chief Executive
Officer
On March 15, 2017, the Board of Directors of RPX Corporation (the
Company) appointed Martin E. Roberts to serve as the Companys
Chief Executive Officer and President, with such appointment
effective on the same day. Mr. Roberts was previously appointed
as the Companys Chief Executive Officer on an interim basis on
February 5, 2017.
Mr. Roberts served as General Counsel of the Company from October
2010 until March 2017. Prior to joining the Company in 2010, Mr.
Roberts, age 56, served as General Counsel of Linden Research,
Inc. where he was responsible for managing the legal department
and advising the companys board and management on legal issues
and corporate governance matters. Before joining Linden Research,
he was Deputy General Counsel of eBay Inc., where he managed
regulatory affairs and legal operations.
Appointment of Magdalena Yesil to the Board of Directors
Also on March 15, 2017, the Board of Directors elected Magdalena
Yesil to the Board of Directors as a Class II director until the
annual meeting in 2019, effective as of the same day. Ms. Yesil
was also designated to serve on the Nominating and Corporate
Governance Committee of the Board. The Company is aware of no
arrangement or understanding between Ms. Yesil and any other
person to which she was appointed as a director. There are no
family relationships between Ms. Yesil and any director or
executive officer of the Company. Ms. Yesil has no direct or
indirect material interest in any transaction or series of
similar transactions contemplated by Item 404(a) of Regulation
S-K.
Ms. Yesil 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. Under the terms of those arrangements, Ms. Yesil
has received an initial restricted stock unit award with a target
value of $175,000 upon her election to the Board.
Appointment of Shelby Bonnie as Chairman of the Board of
Directors
Also on March 15, 2017, the Board of Directors appointed Shelby
Bonnie as Chairman of the Companys Board of Directors. Mr. Bonnie
has been a director of the Company since January 2011.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit No.
Description
99.1
Press release issued by RPX Corporation dated March 20,
2017


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 -0.15 at 12.23 with 248,724 shares trading hands.

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