Ocho Sends Letter to the Board of Digimarc Corporation
Ocho Investments , holding over 5% of Digimarc (Nasdaq: DMRC) stock, has issued a letter to the company's Board of Directors highlighting significant concerns about the company's performance. The letter addresses poor operating performance and alleged misleading public statements by the current CEO.
The investor points to substantial shareholder value destruction, noting that DMRC's stock price has declined 51% during the current CEO's tenure, while the Nasdaq has gained 28% in the same period. Ocho is demanding the Board initiate a CEO search process to be led by independent directors, including a new director appointed to represent stockholder interests.
Ocho Investments, che detiene oltre il 5% delle azioni di Digimarc (Nasdaq: DMRC), ha inviato una lettera al Consiglio di Amministrazione dell'azienda evidenziando preoccupazioni significative riguardo le performance dell'azienda. La lettera affronta scarse performance operative e presunti dichiarazioni ingannevoli da parte dell'attuale CEO.
L'investitore sottolinea una sostanziale distruzione di valore per gli azionisti, notando che il prezzo delle azioni di DMRC è diminuendo del 51% durante il mandato dell'attuale CEO, mentre il Nasdaq ha guadagnato il 28% nello stesso periodo. Ocho richiede che il Consiglio avvii un processo di ricerca del CEO guidato da direttori indipendenti, incluso un nuovo direttore nominato per rappresentare gli interessi degli azionisti.
Ocho Investments, que posee más del 5% de las acciones de Digimarc (Nasdaq: DMRC), ha enviado una carta a la Junta Directiva de la empresa destacando preocupaciones significativas sobre el rendimiento de la compañía. La carta aborda pobre rendimiento operativo y supuestas declaraciones engañosas del actual CEO.
El inversor señala una destrucción sustancial de valor para los accionistas, observando que el precio de las acciones de DMRC ha disminuido un 51% durante el mandato del actual CEO, mientras que el Nasdaq ha ganado un 28% en el mismo período. Ocho exige que la Junta inicie un proceso de búsqueda de CEO dirigido por directores independientes, incluido un nuevo director designado para representar los intereses de los accionistas.
Ocho Investments는 Digimarc (Nasdaq: DMRC) 주식의 5% 이상을 보유하고 있으며, 회사의 이사회에 회사의 성과에 대한 심각한 우려를 강조하는 편지를 발송했습니다. 이 편지는 저조한 운영 성과와 현재 CEO에 의해 제기된 잘못된 공적인 발언을 다룹니다.
투자자는 DMRC의 주가가 현재 CEO의 재임 기간 동안 51% 하락했으며, 같은 기간 동안 나스닥이 28% 상승한 것을 언급하며 주주 가치 파괴를 지적합니다. Ocho는 이사회가 독립 이사들이 이끄는 CEO 검색 프로세스를 시작할 것을 요구하고, 주주 이익을 대변할 새로운 이사를 임명할 것을 요청합니다.
Ocho Investments, détenant plus de 5% des actions de Digimarc (Nasdaq: DMRC), a adressé une lettre au Conseil d'Administration de l'entreprise soulignant des préoccupations significatives concernant la performance de l'entreprise. La lettre aborde de mauvaises performances opérationnelles et des déclarations publiques prétendument trompeuses de l'actuel PDG.
L'investisseur souligne une destruction substantielle de valeur pour les actionnaires, notant que le prix des actions de DMRC a diminué de 51% pendant le mandat de l'actuel PDG, tandis que le Nasdaq a gagné 28% pendant la même période. Ocho exige que le Conseil initie un processus de recherche de PDG dirigé par des administrateurs indépendants, y compris un nouveau directeur nommé pour représenter les intérêts des actionnaires.
Ocho Investments, das über 5% der Aktien von Digimarc (Nasdaq: DMRC) hält, hat einen Brief an den Vorstand des Unternehmens gesendet, in dem erhebliche Bedenken hinsichtlich der Unternehmensleistung geäußert werden. Der Brief thematisiert schlechte operative Leistung und angeblich irreführende öffentliche Aussagen des aktuellen CEO.
Der Investor weist auf eine erhebliche Wertvernichtung für Aktionäre hin und merkt an, dass der Aktienkurs von DMRC während der Amtszeit des aktuellen CEO um 51% gefallen ist, während der Nasdaq im gleichen Zeitraum um 28% gestiegen ist. Ocho fordert den Vorstand auf, einen Suchprozess für einen neuen CEO zu initiieren, der von unabhängigen Direktoren geleitet wird, einschließlich eines neuen Direktors, der die Interessen der Aktionäre vertreten soll.
- None.
- Stock price declined 51% under current CEO's tenure
- Poor operating performance cited by major shareholder
- Allegations of misleading public statements by CEO
- 5% shareholder pushing for leadership change
Calls for CEO Search by a Committee of Independent Directors
In its letter, Ocho detailed Digimarc's poor operating performance, the CEO's misleading public statements and the resulting destruction of shareholder value, with the Company's stock price having declined
The full letter is available via this link: https://www.ochocapital.com/s/DMRC-032025.pdf
About Ocho
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.
Disclaimer
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 intend 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.
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SOURCE Ocho Investments LLC
FAQ
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