Mr. Richardson provides the local business community perspective, and brings public company
operational, financial, legal and industry expertise to the Board of Directors, particularly in the high technology and financial areas. Prior to joining our Board, Mr. Richardson served as chief financial officer and chief administrative
officer for five global technology companies ranging in size from $20 million to $300 million in annual revenue, including as senior vice president and chief financial officer at WebTrends Corporation, a website analytics company, senior
vice president corporate operations and chief financial officer at Network General Corporation, a developer of network management software, vice president finance and administration and chief financial officer at Logic Modeling Corp., a
semiconductor software company, and vice president finance and administration and chief financial officer at Advanced Logic Research, Inc., a server and systems company. These experiences are particularly germane to the strategic and operational
oversight, transactional and risk analysis, and legal and financial initiatives of the Company.
Andrew J. Walter
was elected to
our Board of Directors in October 2016. Mr. Walter serves as a member of the Audit Committee, the Compensation Committee and as the Chair of the Market Development Committee. Mr. Walter has more than 30 years of operations, information
technology and shared services experience, including 26 years at The Procter & Gamble Company (NYSE: PG), a consumer goods company. Mr. Walter has served on a number of boards, including the GS1 US Board of Governors, an organization
that develops and maintains global standards for business communication, as Chair for their technology committee. He is currently serving as an advisory board member or strategic advisor for various privately held technology companies and as Trustee
and Vice Chair for the Ovarian Cancer Alliance of Greater Cincinnati. Mr. Walter received his B.C.S. from the University of Cincinnati.
Mr. Walter brings strategic, international, operational and transactional expertise to the Board of Directors. Prior to joining our Board,
Mr. Walter enjoyed a long tenure at P&G, where he most recently led their Global Business Services and IT Global Commercial Services and Delivery organization until August 2016, with more than 1,500 IT and multifunctional professionals and
more than 5,000 partner resources. He has deep expertise in integration of emerging and core commercial technologies, supply chain management, sales and marketing, and consumer and business analytics.
Bernard Whitney
was elected to our Board of Directors in July 2008. Mr. Whitney serves as the Chair of the Audit Committee and as a
member of the Governance and Nominating Committee. He served Old Digimarc as a director since June 2005. Mr. Whitney is a retired corporate executive with over 35 years of experience in the high technology and finance sectors. Since 2009, he
has been a partner at FLG Partners LLC, a leading CFO and Board advisory firm in Palo Alto, California. He has also served as a director for a number of private and
non-profit
entities. He previously served as
a director and audit committee chair of Plumtree Software, Inc. (Nasdaq: PLUM), an enterprise software company, from 2000 to 2005. Mr. Whitney received a B.S. in business administration, majoring in finance, from California State University
Chico, and an M.B.A. from San Jose State University.
Mr. Whitney brings public company financial, operational and industry expertise to
the Board of Directors, particularly in the high technology and financial areas. Prior to joining our Board, Mr. Whitney was vice president and chief financial officer of Handspring, Inc., a handheld computer and wireless communications
manufacturer, executive vice president and chief financial officer of Sanmina Corporation, a
high-end
data communications and telecom manufacturer, vice president of finance and manufacturing operations
and corporate controller of Network General Corporation, a developer of network management software, and served in a number of senior financial management positions at Conner Peripherals, Inc., a disk and tape drive manufacturer. These experiences
are particularly germane to the financial performance, audit, reporting, internal control and risk assessment activities of the Company.
Determination of Independence
Our Board
of Directors 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 of Directors has determined that
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