Digimarc appoints ServiceNow CMO Michael Park to board; Andrew Walter resigns as director, stays as consultant

Digimarc CORP

Andrew Walter resigns from board effective Jan 9, 2024; no disagreement with company.
Walter enters consulting agreement through earlier of 2024 annual meeting or May 10, 2024; receives $12,500/quarter in stock.
Michael Park elected to board, appointed to Governance, Nominating, and Sustainability and Compensation committees.
Park receives initial restricted stock award of $200,000 vesting over 3 years; annual retainer $50,000 (half in stock).
Park is current CMO of ServiceNow; brings go-to-market expertise as Digimarc reaches inflection point.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Andrew Walter

Director

DMRC · Digimarc CORP

Effective: 2024-01-09
Successor: Michael Park
Filed: January 9, 2024, 6:59 PM ET

On January 5, 2024, Andrew Walter informed Digimarc Corporation (the “Company”) and its Board of Directors (the “Board”) of his decision to resign as a member of the Board, effective January 9, 2024.

Appointed

Michael Park

Director

DMRC · Digimarc CORP

Effective: 2024-01-09
Filed: January 9, 2024, 6:59 PM ET

On January 6, 2024, the Board elected Michael Park to fill the vacancy on the Board created by the resignation of Mr. Walter, effective January 9, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Walter resigned as Director at Digimarc CORP.

Action: resigned
Role: Director

Exact text from the filing

On January 5, 2024, Andrew Walter informed Digimarc Corporation (the “Company”) and its Board of Directors (the “Board”) of his decision to resign as a member of the Board, effective January 9, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Park was appointed as Director at Digimarc CORP.

Action: appointed
Role: Director

Exact text from the filing

On January 6, 2024, the Board elected Michael Park to fill the vacancy on the Board created by the resignation of Mr. Walter, effective January 9, 2024.

View on SEC.gov

Digimarc CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-004808

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