Management ChangeJun 8, 2026, 10:11 AM
Digimarc Appoints Paul Carreiro as CEO, Effective July 6
AI Summary
Digimarc Corporation announced the appointment of Paul Carreiro as President and Chief Executive Officer, effective July 6, 2026. Current CEO Riley McCormack will transition to a role on the Board of Directors. Carreiro brings over 25 years of experience scaling global enterprise software platforms and is expected to lead the company's next phase of growth. Concurrently, Digimarc entered into a Sales Agreement with Needham & Company, LLC to sell up to $17.5 million of common stock through an "at the market offering" to provide flexibility for accelerating commercialization and innovation investments.
Key Highlights
- Paul Carreiro appointed President and CEO of Digimarc, effective July 6, 2026.
- Riley McCormack will transition from CEO to remain a member of Digimarc's Board of Directors.
- Carreiro's compensation includes an annualized base salary of $500,000 and a 100% target performance bonus.
- He will receive an inducement grant of 307,400 time-based and 752,600 performance-based LTIP Units.
- Digimarc entered a Sales Agreement to sell up to $17,500,000 of common stock via an at-the-market offering.
- Needham & Company, LLC will serve as the Sales Agent, receiving a 3.00% commission on gross sales.
Price Impact
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