Ocho Sends Letter to the Board of Digimarc Corporation
Rhea-AI Summary
Ocho Investments , holding over 5% of Digimarc (Nasdaq: DMRC) stock, has issued a letter to the company's Board of Directors highlighting significant concerns about the company's performance. The letter addresses poor operating performance and alleged misleading public statements by the current CEO.
The investor points to substantial shareholder value destruction, noting that DMRC's stock price has declined 51% during the current CEO's tenure, while the Nasdaq has gained 28% in the same period. Ocho is demanding the Board initiate a CEO search process to be led by independent directors, including a new director appointed to represent stockholder interests.
Positive
- None.
Negative
- Stock price declined 51% under current CEO's tenure
- Poor operating performance cited by major shareholder
- Allegations of misleading public statements by CEO
- 5% shareholder pushing for leadership change
News Market Reaction – DMRC
On the day this news was published, DMRC gained 0.07%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Calls for CEO Search by a Committee of Independent Directors
In its letter, Ocho detailed Digimarc's poor operating performance, the CEO's misleading public statements and the resulting destruction of shareholder value, with the Company's stock price having declined
The full letter is available via this link: https://www.ochocapital.com/s/DMRC-032025.pdf
About Ocho
Ocho is a family office that invests in public and private companies across a wide variety of industries. Our level of involvement can vary from passive investments to active engagement with management and board service.
Disclaimer
The views expressed in this letter represent the opinions of Ocho Investments LLC ("Ocho"), and are based on publicly available information with respect to the Company. Ocho reserves the right to change any of its opinions expressed herein at any time as it deems appropriate and disclaims any obligation to notify the market or any other party of such change. Ocho disclaims any obligation to update the information or opinions contained in this letter.
This letter is provided merely as information and is not intended to be, nor should it be construed as investment advice, or as an offer to sell or a solicitation of an offer to buy any security. This letter does not recommend the purchase or sale of any security, Ocho currently beneficially owns shares of the Company. Ocho is in the business of trading – buying and selling– securities and intend to continue trading in the securities of the Company. You should assume Ocho will from time to time sell all or a portion of its holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares.
View original content:https://www.prnewswire.com/news-releases/ocho-sends-letter-to-the-board-of-digimarc-corporation-302407587.html
SOURCE Ocho Investments LLC
FAQ
What percentage has Digimarc (DMRC) stock declined under the current CEO?
What is Ocho Investments' ownership stake in Digimarc (DMRC)?
What specific actions is Ocho requesting from Digimarc's Board?
What are the main complaints Ocho raised about Digimarc (DMRC)?
