Compressor Watermark and Text Overlay Problem

Hi all,

I'm new to the community, so bare with me as I'm getting used to the social norms of creative cow.

I'm working with compressor version 3.5.3, and the quicktime I have imported is Avid DNxHD Codec, 1920x1080, 23.98 fps. I created a text with no background (alpha) in photoshop. After importing the QT, I applied my custom setting (H.264 for high-bandwidth connections, 640x360, data rate: 0.819 Mbps). I went to filters in Compressor, and checked watermark, then chose my photoshop image. It displays fine in the preview monitor, but when I hit submit, the end result is a QT with the watermark over a very dark still image of the first frame of my original QT. I tried doing a text overlay, and the same issue occurred. I also tried a random other setting (JPEG 100 NTSC), but that had the same result.

The QT compresses perfectly fine if I don't apply a watermark or text overlay, so obviously something is going wrong in this step of the process. Any ideas or advice is greatly appreciated. Thanks!