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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 

 
FORM 8-K
 

 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): February 27, 2024
 

 
DIGIMARC CORPORATION
(Exact name of registrant as specified in its charter)
 

 
Oregon
001-34108
26-2828185
(State or other jurisdiction
of incorporation)
(Commission
File No.)
(IRS Employer
Identification No.)
 
8500 SW Creekside Place, Beaverton Oregon 97008
(Address of principal executive offices) (Zip Code)
 
(503) 469-4800
(Registrants telephone number, including area code)
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of Each Class
 
Trading Symbol
 
Name of Each Exchange on Which Registered
Common Stock, $0.001 Par Value Per Share
 
DMRC
 
The NASDAQ Stock Market LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act of 1934 (17 CFR 240.12b-2).
 
Emerging growth company               
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 

Item 1.02.
Termination of a Material Definitive Agreement
 
Equity Distribution Agreement
 
On May 16, 2019, Digimarc Corporation (the “Company”) entered into an Equity Distribution Agreement (the “Agreement”) with Wells Fargo Securities, LLC (the “Sales Agent”). Pursuant to the terms of the Agreement, the Company may sell from time to time through the Sales Agent the Company’s common stock having an aggregate offering price of up to $30,000,000.
 
On February 27, 2024, Digimarc provided notice to the Sales Agent of our intention to terminate the Agreement, effective March 1, 2024.    
 
Item 2.02.
Results of Operations and Financial Condition
 
On February 28, 2024, Digimarc Corporation issued a press release announcing its financial results for the quarter-ended and year-ended December 31, 2023. The full text of the press release is attached hereto as Exhibit 99.1.
 
Attached hereto as Exhibit 99.2 is the script from the Company’s conference call on February 28, 2024 announcing its financial results for the quarter-ended and year-ended December 31, 2023, as posted on the Company’s website at https://www.digimarc.com/investors/quarterly-earnings.
 
Item 9.01.
Financial Statements and Exhibits
 
(d) Exhibits
 
ExhibitNo.
 
Description
     
99.1
 
Press Release issued by Digimarc Corporation, dated February 28, 2024 (furnished pursuant to Item 2.02 hereof).
99.2
 
Script of Digimarc Corporation conference call, dated February 28, 2024 (furnished pursuant to Item 2.02 hereof).
104
  Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date:    February 28, 2024
 
   
By:
 
/s/ Charles Beck
       
Charles Beck
       
Chief Financial Officer and Treasurer