Acacia Research Reports Second Quarter Financial Results
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Acacia Research Corporation(1) ("Acacia" or "the Company") (Nasdaq: ACTG) today reported results for the three months ended June 30, 2018. Clayton’s departure as CFO was not based on any disagreement with the Company’s accounting principles, practices or financial statement disclosures. “We are fully committed to implementing the plans we outlined ahead of the 2018 Annual Meeting of Stockholders, including cutting costs, protecting stockholder capital, improving corporate governance, methodically stabilizing the business and reconstituting Acacia’s Board with highly-credentialed, independent directors with demonstrated governance and investment skills. We believe that with the right strategy in place, Acacia can drive real value creation for its stockholders - and we look forward to working with the Company’s dedicated employees to achieve this goal.