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Unwired Planet Announces Changes To Board Of Directors

The following excerpt is from the company's SEC filing.

Reduces Size of Board and Creates Strategic Committee


Oct. 22, 2015 Unwired Planet, Inc. (NASDAQ: UPIP) today announced the following changes to its board of directors, effective November 4, 2015:

the resignations of Dallas S. Clement, Mark E. Jensen, Gregory P. Landis and William E. Marino from the Unwired Planet board;

the formation of a Strategic Committee, chaired by Peter A. Reed, managing director of MAST Capital Management, LLC; and

the appointment of Jess M. Ravich and Taylor E. Harmeling to the Unwired Planet board effective upon the resignatio n of the four departing directors.

We are deeply indebted to Dallas, Mark, Greg and Bill for their tireless dedication to our company, said Boris Teksler, chief executive officer of Unwired Planet. In addition to their successful careers, these gentlemen have spent countless hours working for our board and on behalf of our company and our stockholders. I am grateful to each of them for their contribution and guidance to our board and our company.

The Strategic Committee is comprised of Mr. Reed, Mr. Teksler and Richard S. Chernicoff. The mandate of the new Committee is to evaluate risks and opportunities to strategy alternatives, and strategic decisions regarding the companys and its subsidiaries portfolio of businesses, patents and investments, including, but not limited to:

the decision to pursue or not pursue any particular transaction,

to negotiate with potential counterparties of particular transactions, and

to arrange financing for any particular transaction.

There can be no assurance regarding the results of Unwired Planets Strategic Committees work, which could include, among other things, Unwired Planet continuing to pursue its existing business plan as a standalone company.

We are in the beginning of the transformation of Unwired Planet. Mark, Bill, Greg and Dallas have brought us to an inflection point, and we are thankful for them...