RTTNews | Apr 13, 2021 10:21AM EDT

10:21 Tuesday, April 13, 2021 (RTTNews.com) - Shares of Digimarc Corp. (DMRC) are currently gaining over 15% driven by the appointment of Riley McCormack as new Chief Executive Officer.

DMRC is currently trading at $33.78, up $4.85 or 16.76%, on the Nasdaq.

Digimarc's Bruce Davis announced his retirement as President and Chief Executive Officer and as Chairman and member of Board of Directors, effective immediately.

McCormack, a current member and Lead Director of the Board, has been appointed as the company's President and Chief Executive Officer.

The company said Davis's retirement from management and the board is unrelated to the company's financial reporting and business performance. The decision was also not due to any disagreement with the company's operations, policies or practices.

Read the original article on RTTNews ( https://www.rttnews.com/3184591/stock-alert-digimarc-up-15-appoints-riley-mccormack-as-ceo.aspx)

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