---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-094238"
form_type: "8-K"
ticker: "DMRC"
cik: "0001438231"
company_name: "Digimarc CORP"
filed_at: "2025-04-25T23:59:59+00:00"
generated_at: "2026-05-23T05:47:33.980699+00:00"
event_type: "other"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Three large shareholders publicly back CEO Riley McCormack after activist pressure

## Summary
- Lagoda Investment Management (Fatima Dickey) expresses unqualified support for CEO McCormack and his decision to walk away from a large customer.
- Kimelman & Baird (Scott Kimelman) praises board and CEO for streamlining operations to improve cash flow and positions itself as patient.
- Silverberg Bernstein Capital Management (Irwin Silverberg) declares full support for CEO McCormack, noting personal 23-year holding and largest stake since 2002.
- Letters respond to Ocho Investments' earlier Schedule 13D and exempt solicitation criticizing management.

## SEC filing metadata
- accession: 0001193125-25-094238
- form_type: 8-K
- ticker: DMRC
- cik: 0001438231
- company_name: Digimarc CORP
- filed_at: 2025-04-25T23:59:59+00:00
- event_type: other
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1438231/000119312525094238/0001193125-25-094238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1438231/000119312525094238/d942484d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-094238
- JSON: https://secwatch.observer/filing/0001193125-25-094238.json
- Plain text: https://secwatch.observer/filing/0001193125-25-094238.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.