- After almost seven years on the job
- Laud and praise for Amster
- Marty Roberts taking over in the interim
(management-change.com) — San Francisco, California, February 06, 2017 — John Amster, chief executive of RPX, leaves. It is an abrupt change. As announced by RPX Corporation in a news release and in a regulatory filing published on Monday, February 06, 2017, John A. Amster has already left the post as Chief Executive Officer at the provider of patent risk and discovery management solutions in a surprising move after almost seven years on the job, effective February 05, 2017.
Amster’s duties are taken over in the interim by Marty Roberts, most recently General Counsel at RPX Corporation.
“The Board … disagrees with Mr. Amster’s views”
The sudden management change is explained as follows. RPX said: “The decision of the Board to seek Mr. Amster’s resignation was a result of Mr. Amster’s request that the Board commence a process to sell the Company in a going-private transaction. While the Board, consistent with its fiduciary duties, will review and assess any bona fide proposal, the Board recently conducted a review of the Company’s prospects and opportunities and disagrees with Mr. Amster’s views on this matter. Rather, the Board believes that unrealized potential for the Company’s prospects can be achieved under new leadership and is confident in the Company’s standalone opportunities.”
RPX said: “In response to the request of the Board of Directors of the Company …, John A. Amster tendered his resignation as President and Chief Executive Officer of the Company and as a member of its Board of Directors on February 5, 2017.”
Precise information about the future plans of Amster was not immediately available.
Share price decline
The change follows a decline in the share price of RPX Corporation since June 2015.
Mangrove holds 7.31 percent stake
Mangrove Partners reported a 7.31 percent stake in RPX Corporation as of September 30, 2016.
On the job as CEO since 2010
Amster is a Co-Founder of RPX Corpoarion and served as its Chief Executive Officer since March 2010.
Prior to co-founding RPX, Amster was the General Manager of Strategic Acquisitions and Vice President of Licensing at Intellectual Ventures, responsible for strategic acquisitions of patent portfolios as well as developing the software and e-commerce licensing programs.
Prior to joining IV, Amster was Managing Director and founded the M&A Advisory practice for Ocean Tomo, completing several important transactions in the early patent market, including the sale of Commerce One.
Prior to joining Ocean Tomo, Amster was Vice President and Secretary at InterTrust Technologies, where he worked on intellectual property transactions, merger and acquisition activities, and late-stage financing activities, including the sale of InterTrust to a Philips-Sony joint venture for $453 million.
Amster started his career as an associate at Weil Gotshal & Manges, where his practice included mergers and acquisitions, equity investments, venture capital financings, intellectual property licensing, and patent litigation.
Amster received his JD from Benjamin N. Cardozo School of Law and his BA from Middlebury College.
Amster frequently speaks on patent litigation matters at various industry conferences and in the media. He has been recognized in The American Lawyer’s 2010 review of “The 25 Most Influential People in IP” and in Managing Intellectual Property magazine’s “The 50 Most Influential People in IP.”
Amster is active in non-profit volunteer work as President of the Board for Lone Mountain Children’s Center, and serves on the Board of Trustees of Town School for Boys.
Read the full story in the management-change.com report 07.2017 ($).