Item 2.02.Results of Operations and Financial Condition.
OnMarch 31, 2022 ,Acacia Research Corporation (the "Corporation) issued a press release announcing its financial results for the year endedDecember 31, 2021 . A copy of that release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this "Report"). The information contained within this Report and the exhibit attached hereto as Exhibit 99.1 are being furnished pursuant to Item 2.02 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in this Report and the exhibit attached hereto as Exhibit 99.1 shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, regardless of any general incorporation by reference language in such filings, except as shall be expressly set forth by specific reference in such filing.
Item 8.01.Other Events.
EffectiveMarch 31, 2022 , the Board of Directors of the Corporation approved a new stock repurchase program for up to$40 million in shares of the Common Stock of the Corporation, par value$0.001 per share (the "Common Stock"). The repurchase authorization has no time limit and does not require the repurchase of a minimum number of shares. The Common Stock may be repurchased on the open market, in block trades, or in privately negotiated transactions, including under plans complying with the provisions of Rule 10b5-1 and Rule 10b-18 of the Exchange Act. The timing and actual number of Common Stock to be repurchased will depend upon market conditions, eligibility to trade, and other factors.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits
Exhibit No. Description of Exhibit 99.1 Press Release dated March 31, 2022 of
104 Cover Page Interactive Data File (embedded within
the Inline XBRL document).
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