Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 12, 2026, Riley McCormack resigned from the Board of Directors (the “Board”) of Digimarc Corporation (the “Company”), effective immediately. Mr.…
Filed Aug 12, 2026Accepted Aug 12, 2026, 5:15 PM EDTCIK 2119322Accession 0001437749-26-027384
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 12, 2026, Riley McCormack resigned from the Board of Directors (the “Board”) of Digimarc Corporation (the “Company”), effective immediately. Mr. McCormack’s resignation was made in accordance with the terms of that certain Subscription Agreement, dated as of September 29, 2020, by and between the predecessor of the Company and TCM Strategic Partners L.P.
On August 12, 2026, the Board elected Paul Carreiro, effective August 12, 2026, to fill the vacancy on the Board created by the resignation of Mr. McCormack. Mr. Carreiro will serve until the next annual meeting of the Company’s shareholders at which time the Board intends to nominate him for election by the Company’s shareholders.
As an executive officer of the Company, Mr. Carreiro will not serve on any committees of the Board, nor will he receive any additional compensation for service as a director of the Company. There is no arrangement or understanding between Mr. Carreiro and any other person pursuant to which Mr. Carreiro was selected to serve as a director of the Company. Mr. Carreiro has not had an interest in any transaction since the beginning of the Company’s last fiscal year, or any currently proposed transaction, that requires disclosure consistent with Item 404(a) of Regulation S-K.