Immersion Corp SEC Filings

Immersion Corporation is delaying its Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2025 because it says filing on time would require unreasonable effort or expense while it completes a broader accounting review.

The board previously concluded that financial statements for the quarters and year-to-date periods ended January 31, 2025, October 31, 2024 and June 30, 2024, and related disclosures, should no longer be relied upon and are expected to be restated within the Annual Report on Form 10-K for the fiscal year ended April 30, 2025, following an Audit Committee review and work by the independent auditor.

The company notes that its Form 10-K for the year ended April 30, 2025 and its Form 10-Q for the quarter ended July 31, 2025 have not yet been filed. It plans to file the restated 10-K, the July 31, 2025 10-Q, and then the October 31, 2025 10-Q as soon as practicable.

Immersion Corporation filed an amended current report to update details related to its previously declared dividend of preferred share purchase rights and its Rights Agreement with Computershare Trust Company, N.A. As part of this update, the company states that, as of November 7, 2025, there were 32,876,610 common shares outstanding. The amendment also supplies working hyperlinks to related exhibits that were omitted previously, while all other information from the earlier report remains unchanged.

Immersion Corporation has scheduled its 2025 Annual Meeting of Stockholders, covering the fiscal year ended April 30, 2025, for Tuesday, March 3, 2026. Because this date is more than 30 days later than the prior year’s meeting anniversary, the company is resetting the deadlines for stockholder actions.

Stockholders who wish to bring business before the meeting outside of Rule 14a-8 or nominate directors under the company’s Bylaws must deliver written notice to the Corporate Secretary by the close of business on December 5, 2025. Proposals seeking inclusion in the company’s proxy statement under Rule 14a-8 must also be received by December 5, 2025 and meet all Rule 14a-8 requirements. In addition, stockholders intending to solicit proxies in support of their own director nominees under the universal proxy rules (Rule 14a-19) must provide the required notice by December 5, 2025.

Immersion Corporation (IMMR) insider compensation reported in stock, not cash. A director and Chief Strategy Officer reported acquiring 17,647 shares of Immersion common stock on November 14, 2025 at a stated price of $0 per share. After this transaction, the insider beneficially owns 1,385,639 shares directly.

The shares were issued in lieu of a cash bonus earned during the first half of Immersion’s fiscal year ending April 30, 2026. The company calculated the share amount by taking the earned cash bonus, subtracting applicable withholding taxes and required cash payments, then dividing the remainder by the closing stock price on November 14, 2025. No derivative securities were reported in this filing.

Immersion Corporation adopted a stockholder rights plan on November 7, 2025 and declared a dividend of one preferred share purchase right for each common share to holders of record on November 17, 2025. Each right initially permits the purchase of one one-thousandth of a share of Series C Junior Participating Preferred Stock at $20.58, subject to adjustment.

The plan is designed to deter coercive takeover tactics by triggering if any person or group acquires 9.99% or more of common stock without Board approval, at which point holders gain dilution-protective rights through a flip‑in/flip‑over mechanism. The Board may redeem the rights for $0.001 per right before the distribution date or exchange them at one common share per right after a trigger, subject to terms. The rights expire on October 31, 2026 unless extended and ratified at the next annual meeting. Shares outstanding were 50,029,484 as of November 7, 2025.

Immersion Corp (IMMR) Form 4: A director and Chief Strategy Officer acquired 7,952 shares of common stock on 10/31/2025 at a transaction price of $0. Following this issuance, the reporting person beneficially owns 1,367,992 shares, held directly. The shares were issued in lieu of salary earned for the three months ended October 31, 2025, with the net share count determined using the closing price on 10/31/2025 after applicable withholdings and required cash payments.

Immersion Corporation reported that its Board of Directors has declared a quarterly cash dividend of $0.045 per share on its outstanding common stock. The dividend is scheduled to be paid on October 31, 2025 to stockholders who are on record as of October 20, 2025. The company notes that future dividends will be subject to further review and approval by the Board and may be declared, adjusted, or withdrawn as the Board evaluates Immersion’s capital allocation strategy over time.

Eric Singer, who serves as President and CEO and a director of Immersion Corporation (IMMR), reported a transaction dated 10/03/2025 on a Form 4. The filing shows 13,117 shares of common stock were disposed of via withholding to satisfy tax obligations at a price of $7.04 per share. After the withholding transaction, Mr. Singer beneficially owned 1,925,844 shares. The form clarifies the disposition was the result of restricted stock units vesting and the shares were withheld for taxes.