WALKER INNOVATION INC. (OTCMKTS:WLKR) 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
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
The Company announced today that its Chief Executive Officer
Jonathan Siegel, will be nominated to join the Companys Board of
Directors at the Companys upcoming Annual Meeting.
The Companys Annual Meeting will be held on May 3, 2017 at Five
High Ridge Park in Stamford, Connecticut. The Board believes that
Mr. Siegels experience as an executive in a broad range of
industries, prior service as an elected official and over 30
years practicing corporate law will provide the Board with
valuable insight with respect to leadership, executive management
and legal matters.
The Company also announced today that Sharon Barner and Dr.
Harvey Schiller will not stand for reelection to the Board at the
Companys 2017 Annual Meeting. The Board believes that under the
Companys current plan of operations downsizing the Board is
appropriate and, consequently, Ms. Barner and Dr. Schiller
consented to step down as of the 2017 Annual Meeting date.
About WALKER INNOVATION INC. (OTCMKTS:WLKR)
Walker Innovation Inc., formerly Patent Properties, Inc., develops and commercializes its portfolio of intellectual property assets through its licensing and enforcement operations. The Company’s segments include Licensing and Enforcement, and Innovation Business. Its innovation business consists of Haystack IQ and custom business innovation services. Haystack IQ uses Big Data software to connect the stockpile of technology improvements and technical experts. Haystack IQ’s Big Data software engine cross-references a company’s products, services, processes and product development priorities with the entire United States patent database to find statistically relevant matches. Its patent portfolio consists of approximately 400 granted patents, as well as over 40 pending patent applications. It is used in industries, including data management, e-commerce, electronic and computer hardware, social networking and Internet services, security and state lotteries. WALKER INNOVATION INC. (OTCMKTS:WLKR) Recent Trading Information
WALKER INNOVATION INC. (OTCMKTS:WLKR) closed its last trading session 00.000 at 0.420 with 3,717 shares trading hands.
