Company: ACTG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000934549-25-000004
Chunk: 45

Company: ACACIA RESEARCH CORP
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1
Chunk 45
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 the impact of any such future developments on our business.

Occupational Safety and Health Act and Other Laws and Regulations.   We are subject to the requirements of the U.S. federal Occupational Safety and Health Act (the “Occupational Safety and Health Act”) and comparable state laws. The Occupational Safety and Health Act hazard communication standard, the EPA community right‑to‑know regulations under the Title III of CERCLA and similar state laws require that we organize and disclose information about hazardous materials 

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used or produced in our operations. Also, pursuant to the Occupational Safety and Health Act, the Occupational Safety and Health Administration (the “OSHA”) has established a variety of standards related to workplace exposure to hazardous substances and employee health and safety.

Human Capital

As of December 31, 2024, on a consolidated basis, we had 1,036 full-time employees and six contractors. We believe we have good relations with our employees. As of December 31, 2024, our parent company had 13 full-time employees and one contractor, our Intellectual Property Operations Business had six full-time employees and two contractors; our Industrial Operations Business had 134 full-time employees and no contractors; our Energy Operations Business had 41 full-time employees and no contractors; and our Manufacturing Operations Business had 842 full-time employees and three contractors.

Additionally, we have a strategic relationship with Starboard that has enhanced, and we expect will continue to enhance, our access to operating partners and industry experts with whom we evaluate potential acquisition opportunities, which enhances the oversight and value creation of our businesses. Starboard has provided, and we expect will continue to provide, ready access to its extensive network of industry executives and, as part of our relationship, Starboard has assisted, and we expect will continue to assist, with sourcing and evaluating appropriate acquisition opportunities.

Executive Officers and Directors

Information About our Executive Officers

NamePositionMartin (“MJ”) D. McNulty, Jr.Chief Executive OfficerJason SonciniGeneral CounselRobert RasamnyChief Administrative OfficerKirsten HooverInterim Chief Financial Officer

Information About our Directors

NamePositionGavin MolinelliSenior Partner and Co-Portfolio Manager of Starboard Value LPMartin (“MJ”) D. McNulty, Jr.Chief Executive Officer of the CompanyIsaac T. KohlbergSenior Associate Provost and Chief Technology Development Officer at Harvard UniversityMaureen O’ConnellMember of the Board of Directors of ISACA and HH Global Ltd.Geoff RibarMember of the Board of Directors of MACOM