{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-260883","form_type":"8-K","ticker":"DMRC","cik":"0002119322","company_name":"Digimarc Corp","filed_at":"2026-06-08T14:05:48+00:00","discovered_at":"2026-06-08T14:07:00.245404+00:00","generated_at":"2026-06-08T14:07:23.084259+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Digimarc appoints CEO Paul Carreiro; launches $17.5M ATM; customer projects face $2.7M ARR termination risk","bullets":["Appointed Paul Carreiro as President and CEO effective July 6, 2026; base salary $500k, target bonus 100%, LTIP units granted.","Riley McCormack steps down as CEO effective July 5, 2026, but remains on Board; severance benefits including accelerated equity vesting.","Entered ATM equity offering with Needham & Co for up to $17.5M of common stock; commission 3%.","Commercial customer terminated two projects due to government end-customer requirements change; if not recertified, ARR reduction of $2.7M.","Negotiating contract restructure for guaranteed minimum license fee; pursuing certification/recertification of other projects to potentially increase ARR substantially."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-260883","json":"https://secwatch.observer/filing/0001193125-26-260883.json","markdown":"https://secwatch.observer/filing/0001193125-26-260883.md","text":"https://secwatch.observer/filing/0001193125-26-260883.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2119322/000119312526260883/0001193125-26-260883-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2119322/000119312526260883/d61331d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T14:07:23.084259+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a2d365a62e5d0d03ae0c853ccdbf2a1e7a2a49e8","claim":"Digimarc Corp entered into Sales Agreement with Needham & Company, LLC valued at up to $17,500,000 (effective 2026-06-08).","evidence_excerpt":"On June 8, 2026, Digimarc Corporation (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Needham & Company, LLC (the “Sales Agent”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2119322/000119312526260883/0001193125-26-260883-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"Needham & Company, LLC"},{"label":"Value","value":"up to $17,500,000"},{"label":"Effective","value":"2026-06-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}