Company: DMRC
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001437749-25-009135
Chunk: 26

Company: Digimarc CORP
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 26
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 with the procedures set forth below.

The independent directors of the Board will, no later than 90 days following certification of the shareholder vote, evaluate any such tendered resignation considering the best interests of the Company and its shareholders and determine whether to accept or reject the tendered resignation, or whether any other action should be taken. The independent directors may consider any factors and circumstances they consider appropriate and relevant when they decide whether to accept such tendered resignation. Any director who tenders their resignation pursuant to this policy may not participate in the Board action regarding whether to accept the tendered resignation. Prior to voting, the Board will allow the affected director an opportunity to provide any information or statement that the director deems relevant. If the independent directors determine not to accept the tendered resignation, the Company will publicly disclose (via press release or SEC filing) such determination and the factors considered by the independent directors in making such determination.

Diversity of the Board of Directors

The Board has delegated to the Governance, Nominating, and Sustainability Committee responsibility (1) to recruit and vet new candidates for nomination to the Board, and (2) to review continuing competence and contribution of members who wish to stand for reelection. Digimarc has demonstrated an ability to recruit directors who possess expertise in the key areas of our business and who can provide oversight and expertise to the management team. Over the past few years, improving the diversity of our nominees has been an objective of the committee. Those efforts have resulted in the election of Sandeep Dadlani in 2021, the election of Katie Kool in 2022, the election of LaShonda Anderson-Williams in 2023, and the elections of Michael Park and Sheila Cheston in 2024.

The Governance, Nominating, and Sustainability Committee finds candidates through a number of sources, including personal and professional referral networks. As of the date of this proxy statement:

| ● | Five of the directors (71%) will have served four years or fewer, and four directors (57%) will have served two years or fewer, indicating material refreshment; |

| ● | Three members bring diversity of demographic background (43%) to the Board; and |

| ● | Three members bring gender diversity (43%) to the Board. |

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| Board Diversity Matrix (As of the Date of this Proxy Statement) |        |      |            |          |
| Total Number of Directors                                       |      7 |      |            |          |
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