This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Unwired Planet Announces CEO Transition Plan

Unwired Planet, Inc. (Nasdaq: UPIP), today announced a chief executive officer transition plan. Current CEO, Michael Mulica, has agreed to remain as CEO through the appointment of his successor and has entered into a separation agreement with Unwired Planet in which he agrees to stay as CEO through May 31, 2013. The separation agreement sets forth the terms of his continued service during the transition and his eventual resignation as CEO. Mr. Mulica currently intends to remain on the board of directors for the foreseeable future.

“Mike has been instrumental in helping to architect and execute a complete transformation of Unwired Planet over the past one and a half years. During this time, he successfully led the divestiture of our legacy product businesses, the creation of our IP licensing strategy, facilitated a 100% replacement of staff, relocated our headquarters to Reno, Nevada, launched two legal actions against Apple and Google, and most recently consummated our recent transaction with Ericsson which greatly expands the market opportunity for Unwired Planet. I am very proud of what Mike has accomplished during his tenure and look forward to his continued active involvement in Unwired Planet,” said Peter Feld, Chairman of the Board of Directors.

Mr. Mulica stated, “Since joining Unwired Planet as CEO in October 2011, we have worked tirelessly to re-invent the company and position it for future success taking advantage of the billions of dollars spent on innovation and invention over the years. As a small, nimble, and highly focused company, Unwired Planet is now ready to emerge as the leader in the mobile IP licensing space. We have arrived at our strategic destination. I look forward to seeing the company through this transition and continuing to work with our talented team through my role as a member of the board of directors.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs