Digimarc Appoints Rishi Bajaj to Board Amid Financial Challenges

Digimarc Corporation has appointed Rishi Bajaj to its Board of Directors through a Cooperation Agreement with Altai Capital Management. Bajaj's appointment is expected to bring financial and strategic expertise to the company, enhancing its strategic direction as it builds the trust layer for the modern world. The agreement is effective until the 2026 annual meeting of shareholders.

Digimarc Corporation (NASDAQ: DMRC), a leading innovator in digital watermarking technologies, has appointed Rishi Bajaj to its Board of Directors. The appointment, announced on July 29, 2025, is part of a cooperation agreement between Digimarc and Altai Capital Management, L.P. [1][2][3]. Bajaj, founder and CIO of Altai Capital Management and CEO of ContextLogic Inc., brings extensive financial and strategic experience to Digimarc, particularly in the technology sector.

Bajaj's qualifications for the role include over 15 years of experience as the Chief Executive Officer and Chief Investment Officer of Altai Capital Management. Concurrently, he serves as CEO of ContextLogic Inc. and has served on the boards of MobileIron, Inc. and ServiceSource International, Inc. [1][2][3]. His appointment is expected to enhance Digimarc's strategic direction as it builds the trust layer for the modern world.

The cooperation agreement with Altai Capital Management and Bajaj stipulates that they will vote in accordance with the Digimarc Board's recommendations on all shareholder proposals, including the election, removal, or replacement of directors, until the 2026 annual meeting of shareholders [1][2][3].

Digimarc's CEO, Riley McCormack, and Chair of the Board, Katie Kool, expressed their enthusiasm for Bajaj's appointment. "Rishi has consistently demonstrated a deep understanding of our business, enabling him to deliver both financial and strategic value to the company," said McCormack. Kool added, "Rishi’s deep expertise in strategy and corporate transformation will bring valuable insights to our Board. His unique perspective as both a public company CEO and as a major shareholder will help to guide our efforts to drive sustainable growth and long-term shareholder value" [1][2][3].

Bajaj himself expressed excitement about the opportunity to serve on Digimarc's board. "Altai Capital has performed extensive diligence on Digimarc over the past several years, including its technology and market opportunity, and I am excited for what the future holds," he said [1][2][3].

Digimarc, a pioneer in digital watermarking technologies, has been instrumental in supporting global industry standards and has been recognized for its contributions to the Fortune 2023 Change the World list and the 2023 Fast Company World Changing Ideas finalist [1][2][3].

References:
[1] https://finance.yahoo.com/news/rishi-bajaj-founder-cio-altai-120000855.html
[2] https://www.digimarc.com/press-releases/2025/07/29/rishi-bajaj-founder-and-cio-altai-capital-management-and-ceo-contextlogic
[3] https://www.businesswire.com/news/home/20250729435518/en/Rishi-Bajaj-Founder-and-CIO-of-Altai-Capital-Management-and-CEO-of-ContextLogic-Inc.-Joins-Digimarcs-Board-of-Directors