Business Context and Reporting Period
This Form 8-K is a current report filed by Marathon Patent Group, Inc. (trading symbol: MARA) on January 19, 2021. The registrant is incorporated in Nevada and its principal executive offices are located in Las Vegas, Nevada. The filing reports a corporate governance event effective as of the report date.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a change in board composition and does not contain financial statements or operational metrics.
Material Changes
The material change reported is the resignation of David Lieberman as a director, effective January 19, 2021. Simultaneously, the Board appointed Kevin DeNuccio as a director to fill the vacancy created by Mr. Lieberman's resignation.
Guidance, Outlook, and Management Commentary
The filing includes standard forward-looking statements disclaiming guarantees regarding future results, noting that actual results may differ due to risks and uncertainties. Management commentary focuses on the qualifications of the new director, Kevin DeNuccio, who brings over 25 years of experience as a chief executive and global sales leader, with a background at Verizon, Cisco Systems, and Ericsson. He is the Founder and General Partner of Wild West Capital LLC. Mr. DeNuccio will be compensated in accordance with the Company's current remuneration policies for outside independent directors.
Key Facts for Investor Verification
- David Lieberman resigned as a director effective January 19, 2021.
- Kevin DeNuccio was appointed to the Board of Directors on the same date.
- The filing contains no financial data or operational updates for the period.
- The company is listed on The Nasdaq Capital Market under the symbol MARA.