Digimarc Corporation (NASDAQ: DMRC) names executive Paul Carreiro to its board
Rhea-AI Filing Summary
Digimarc Corporation reported a change in its Board of Directors. On August 12, 2026, Riley McCormack resigned from the Board, effective immediately, in accordance with a Subscription Agreement dated September 29, 2020 between the company’s predecessor and TCM Strategic Partners L.P.
On the same date, the Board elected Paul Carreiro to fill the vacancy. His term will run until the next annual shareholders’ meeting, when the Board intends to nominate him for election by shareholders. As an executive officer, he will not serve on Board committees and will not receive additional compensation for his director role. The company states there is no arrangement or understanding with any other person regarding his selection and that he has no transactions requiring disclosure under Item 404(a) of Regulation S-K.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Board resignation date: August 12, 2026
Carreiro election effective date: August 12, 2026
Subscription Agreement date: September 29, 2020
3 metrics
Board resignation date
August 12, 2026
Effective date of Riley McCormack’s resignation from the Board of Directors
Carreiro election effective date
August 12, 2026
Date the Board elected Paul Carreiro to fill the board vacancy
Subscription Agreement date
September 29, 2020
Date of Subscription Agreement referenced in connection with McCormack’s resignation
Key Terms
Subscription Agreement, emerging growth company, Item 404(a) of Regulation S-K
3 terms
Subscription Agreement financial
"in accordance with the terms of that certain Subscription Agreement, dated as of September 29, 2020"
A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Item 404(a) of Regulation S-K regulatory
"requires disclosure consistent with Item 404(a) of Regulation S-K"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board change did Digimarc (DMRC) disclose on August 12, 2026?
Digimarc disclosed that Riley McCormack resigned from its Board of Directors, effective August 12, 2026, and that Paul Carreiro was elected the same day to fill the resulting vacancy until the next annual shareholders’ meeting.
Why did Riley McCormack resign from Digimarc (DMRC)’s board?
Digimarc states that McCormack’s resignation was made in accordance with a Subscription Agreement dated September 29, 2020, between the company’s predecessor and TCM Strategic Partners L.P., indicating his departure followed previously agreed terms.
How long will new director Paul Carreiro serve on Digimarc (DMRC)’s board?
Digimarc states that Paul Carreiro will serve as a director until the next annual meeting of shareholders, at which time the Board intends to nominate him for election by the company’s shareholders.
Will Digimarc (DMRC) pay additional compensation to Paul Carreiro as a director?
No. Digimarc reports that as an executive officer, Paul Carreiro will not receive any additional compensation for his service as a director and will not serve on any committees of the Board.
Is there any special arrangement behind Paul Carreiro’s selection to Digimarc (DMRC)’s board?
The company reports there is no arrangement or understanding between Paul Carreiro and any other person pursuant to which he was selected to serve as a director of Digimarc.