Digimarc Corp Director Resigns; Board Appoints Paul Carreiro

What Happened
Digimarc Corporation announced on August 12, 2026 that director Riley McCormack resigned from the Board, effective immediately. The resignation was made under the terms of a Subscription Agreement dated September 29, 2020, with the predecessor company and TCM Strategic Partners L.P. On the same day the Board elected Paul Carreiro to fill the vacancy, effective August 12, 2026; he will serve until the next annual meeting when the Board intends to nominate him for election.

Key Details

• Riley McCormack resigned from the Board effective August 12, 2026.
• Resignation was pursuant to a Subscription Agreement dated September 29, 2020 (involving TCM Strategic Partners L.P.).
• Paul Carreiro was appointed to the Board effective August 12, 2026 and will serve until the next annual shareholders’ meeting.
• As an executive officer, Mr. Carreiro will not serve on Board committees and will not receive additional compensation for director service; no arrangements or related-party transactions requiring Item 404(a) disclosure were reported.

Why It Matters
Board composition affects corporate governance and oversight. Investors should note the change in director seats and that the new director is already an executive of the company (no extra director pay, no committee assignments). The appointment is temporary until shareholders vote at the next annual meeting; investors tracking governance or potential influence from investors tied to the Subscription Agreement (TCM Strategic Partners L.P.) may find this relevant.