---
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"
generated_at: "2026-06-08T14:07:23.084259+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Digimarc appoints CEO Paul Carreiro; launches $17.5M ATM; customer projects face $2.7M ARR termination risk

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-260883
- JSON: https://secwatch.observer/filing/0001193125-26-260883.json
- Plain text: https://secwatch.observer/filing/0001193125-26-260883.txt

## Key facts
- Material Agreements
  Digimarc Corp entered into Sales Agreement with Needham & Company, LLC valued at up to $17,500,000 (effective 2026-06-08).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Needham & Company, LLC
  - Value: up to $17,500,000
  - Effective: 2026-06-08
  source text: On June 8, 2026, Digimarc Corporation (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Needham & Company, LLC (the “Sales Agent”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2119322/000119312526260883/0001193125-26-260883-index.htm

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