Another Acacia Departure

According to an SEC filing, Acacia terminated President Robert B. Stewart, Jr. effective as of September 7, 2018. Acacia “previously anticipated that Mr. Stewart’s transition … would be effective as of August 10, 2018.” Stewart joins fellow Acacia alums Clifford Press, Al Tobia, Paul FalzoneFred A. de Boom, Joseph E. Davis and James F. Sanders on proverbial ‘unemployment line’ in recent weeks. Meanwhile, the company has added a new Chief Intellectual Property Officer and new board members. Time will tell whether these personnel changes improve operating conditions, and investor confidence, in Acacia.

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