Network-1 Technologies shareholders elect directors and approve proposals at annual meeting

Published 18/09/2025, 20:04
Network-1 Technologies shareholders elect directors and approve proposals at annual meeting

At its annual meeting held Thursday, Network-1 Technologies, Inc. (NYSE American:NTIP), a $37.6 million market cap company currently trading at $1.64 per share, reported that shareholders elected four directors, approved executive compensation on a non-binding basis, and ratified its independent auditor, according to a statement based on an SEC filing. InvestingPro data shows the stock has delivered an impressive 23.3% return year-to-date.

Shareholders elected Corey M. Horowitz, Jonathan Greene, Allison Hoffman, and Niv Harizman to the board of directors. The vote totals for each director were as follows: Horowitz received 10,123,379 votes for and 2,920,689 withheld; Greene received 9,904,436 for and 3,139,632 withheld; Hoffman received 9,852,420 for and 3,191,648 withheld; and Harizman received 9,978,004 for and 3,066,064 withheld. There were 4,718,361 broker non-votes for each nominee. Notably, the company maintains a strong shareholder-friendly stance, offering a substantial 6.3% dividend yield.

Shareholders also approved, by a non-binding advisory vote, the compensation of the company’s named executive officers. The results were 9,158,047 votes for, 2,476,782 against, and 1,409,237 abstentions, with 4,718,363 broker non-votes.

In addition, shareholders ratified the appointment of Marcum LLP as Network-1 Technologies’ independent registered public accounting firm for the fiscal year ending December 31, 2025. The proposal received 17,216,802 votes for, 421,885 against, and 123,742 abstentions.

These actions were disclosed in a press release statement and detailed in the company’s Form 8-K filing with the Securities and Exchange Commission.

In other recent news, Network-1 Technologies, Inc. has been active on several legal and financial fronts. The company has filed a patent infringement lawsuit against Optiver US LLC and Optiver Trading US LLC, alleging that these entities have infringed on three U.S. patents related to high frequency trading technologies. In another legal development, Network-1 has initiated litigation against Samsung Electronics Co., LTD and Samsung Electronics America, Inc., accusing them of infringing on six U.S. patents concerning eSIM and 5G technologies used in various Samsung devices.

Additionally, Network-1 Technologies has extended its share repurchase program, authorizing the buyback of up to $5 million of its common stock over the next two years. This program allows for flexibility in repurchasing shares either in open market transactions or through private negotiations. The company’s board of directors has emphasized that the timing and amount of any repurchases will be influenced by market conditions and other relevant factors. These recent developments highlight Network-1’s strategic focus on protecting its intellectual property and managing its financial resources.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.