1. Ocho Investments owns 5.2% of Digimarc and calls to withhold CEO votes. 2. Ocho urges shareholders to vote 'NO' on say-on-pay proposal. 3. They claim Digimarc needs an experienced CEO and strong governance. 4. Ocho criticizes current leadership's performance and transparency. 5. Annual Meeting set for May 7, 2025, could influence Digimarc's future.
The call for leadership change implies dissatisfaction, negatively affecting investor confidence.
Ocho's significant stake and public criticism suggest a potential governance shift at Digimarc.
The impending Annual Meeting on May 7 could lead to immediate reactions in share prices.
AUSTIN, Texas, April 17, 2025 /PRNewswire/ -- Ocho Investments LLC ("Ocho"), which owns 5.2% of the stock of Digimarc Corporation (Nasdaq: DMRC) ("Digimarc" or the "Company"), today published a letter to the shareholders of Digimarc.
The letter informs shareholders that, at Digimarc's Annual Meeting scheduled for May 7, 2025, Ocho will vote "WITHHOLD" on CEO Riley McCormack and Chair Kathleen Kool. Also, Ocho will "VOTE NO" on the Company's say-on-pay proposal. Ocho strongly urges all Digimarc shareholders to vote in the same manner.
The letter outlines why Ocho believes these votes are in the best interests of the shareholders of Digimarc, including:
The full letter is available via this link: https://www.ochocapital.com/s/DMRC-04172025.pdf
Ocho is a family office that invests in public and private companies across a wide variety of industries. Our level of involvement can vary from passive investments to active engagement with management and board service.
The views expressed in this letter represent the opinions of Ocho Investments LLC ("Ocho"), and are based on publicly available information with respect to the Company. Ocho reserves the right to change any of its opinions expressed herein at any time as it deems appropriate and disclaims any obligation to notify the market or any other party of such change. Ocho disclaims any obligation to update the information or opinions contained in this letter.
This letter is provided merely as information and is not intended to be, nor should it be construed as investment advice, or as an offer to sell or a solicitation of an offer to buy any security. This letter does not recommend the purchase or sale of any security, Ocho currently beneficially owns shares of the Company. Ocho is in the business of trading – buying and selling– securities and intends to continue trading in the securities of the Company. You should assume Ocho will from time to time sell all or a portion of its holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares.
Ocho can be reached at: info@ochocapital.com
SOURCE Ocho Investments LLC