Digimarc Parent, Inc.

Digimarc Corporation announced that Riley McCormack resigned from its Board of Directors, effective August 12, 2026. Following this, the Board elected Paul Carreiro to fill the vacancy, also effective August 12, 2026. Mr. Carreiro, an executive officer of the company, will not receive additional compensation for his board service and will not serve on any Board committees.

Digimarc announced that Paul Carreiro officially assumed the role of President and Chief Executive Officer, effective July 6, 2026. In connection with his appointment, Mr. Carreiro received an inducement equity award comprising 307,400 time-vesting LTIP Units and 752,600 performance-vesting LTIP Units, along with an Executive Retention Agreement providing severance benefits. Concurrently, the company disclosed substantial doubt about its ability to continue as a going concern, citing negative cash flows and $9.0 million in cash and marketable securities at May 31, 2026, which are insufficient to fund operations for at least 12 months. Digimarc plans to secure additional capital through increased revenue, partnerships, or equity financing.

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.

Digimarc Parent, Inc. has officially changed its name to Digimarc Corporation. The company filed Articles of Amendment with the Oregon Secretary of State, making the name change effective on May 21, 2026. The new name will become effective on Nasdaq on May 22, 2026. This change, approved by the Board of Directors and sole shareholder on March 10, 2026, does not impact shareholder rights and requires no action from shareholders.