Company: DMRC
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001437749-25-009135
Chunk: 34

Company: Digimarc CORP
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 34
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Determinations of Board Member Independence

Our Board believes that maintaining a strong, independent group of directors is important for good governance, and all but one of our directors qualify as independent. The Board has determined that each of Ms. Anderson-Williams, Ms. Cheston, Mr. Dadlani, Ms. Kool, Mr. Mcilwain, and Mr. Park collectively representing all outside members and a majority of our Board, is “independent” as that term is defined by Nasdaq Listing Rule 5605. There were no undisclosed transactions, relationships, or arrangements involving any of the independent directors of Digimarc that were considered by the Board in connection with the determination of whether any particular director is independent.

Vote Required

If a quorum is present, the seven candidates receiving the highest number of affirmative votes present or represented and voting on this proposal at the Annual Meeting will be elected to the Board.

<div align='center'>The Board of Directors recommends a vote FOR the election of each of the nominees named above.

18

REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS</div>

The Audit Committee reports as follows:

<div align='center'>Review and Approval of Audited Financial Statements</div>

| 1. | The Audit Committee has reviewed and discussed the audited financial statements and internal controls over financial reporting with our management. |

| 2. | The Audit Committee has discussed with KPMG LLP, Digimarc’s independent registered public accounting firm, the matters required to be discussed under the standards of the Public Company Accounting Oversight Board (Communication with Audit Committees). |

| 3. | The Audit Committee has received the written disclosures and the letter from KPMG LLP required by applicable requirements of the Public Company Accounting Oversight Board regarding the independent accountant’s communications with the Audit Committee concerning