Immersion Corporation SEC filings document its haptics licensing business, consolidated reporting for Barnes & Noble Education, and Nasdaq compliance disclosures. Recent Form 8-K reports and Form 12b-25 notices record delayed Form 10-K and Form 10-Q filings, restatement-related financial reporting work, audit committee investigation effects, and Nasdaq Listing Rule 5250(c)(1) matters.
Proxy and annual meeting filings cover director elections, auditor ratification, executive compensation advisory votes, board governance, and stockholder voting results. The company's regulatory record also addresses revenue sources from royalties, license fees, and development services, along with capital-return actions, equity structure, and material governance events.
Immersion Corp. reported that Director and President and CEO Eric Singer disposed of 14,757 common shares in each of two transactions on October 1, 2026. The shares were withheld to satisfy tax withholding obligations upon restricted stock units vesting; each transaction lists $7.31 per share, for 29,514 shares across both entries.
Immersion Corporation (IMMR) reported consolidated revenue of $294.4 million for the quarter ended July 31, 2026, roughly flat versus $292.0 million a year earlier, as Barnes & Noble Education’s textbook and merchandise business continued to represent nearly all sales while Immersion’s own royalty and license revenue held at $3.8 million.
Consolidated operating loss narrowed to $20.0 million from $26.4 million, helped by lower operating expenses and higher investment and derivative gains, lifting net income attributable to Immersion stockholders to $4.9 million compared with a prior-year loss of $0.9 million. Cash, cash equivalents and restricted cash rose to $188.5 million, while Barnes & Noble Education’s credit-facility borrowings increased to $123.5 million. Immersion continued its quarterly dividend of $0.075 per share, paying out $2.5 million in the quarter.
Immersion Corporation (IMMR) reported results for the first quarter of fiscal 2027, which includes consolidated financial information for Barnes & Noble Education. Total revenues were $294.4 million for the three months ended July 31, 2026, compared with $292.0 million a year earlier.
GAAP net income attributable to Immersion stockholders was $4.9 million, or $0.17 per diluted share, improving from a loss of $0.9 million, or $(0.03) per diluted share, in the prior-year quarter. Non-GAAP net income attributable to Immersion stockholders was $16.6 million, or $0.50 per diluted share, versus $16.9 million, or $0.52 per diluted share, a year ago. GAAP operating expenses declined to $80.4 million, while non-GAAP operating expenses were $68.7 million.
The board declared a quarterly cash dividend of $0.075 per share, payable October 30, 2026 to stockholders of record on October 16, 2026, marking the company’s sixteenth consecutive quarterly dividend. As of July 31, 2026, total assets were $1.18 billion and total liabilities were $617.3 million, including $123.5 million of long-term borrowings at Barnes & Noble Education.
Immersion Corporation (IMMR) is calling its FY 2026 Annual Meeting of Stockholders for October 7, 2026, 10:00 a.m. Eastern Time, to be held in virtual-only format at meetnow.global/MLY2R99. Stockholders of record at the close of business on August 13, 2026, when 33,193,401 common shares were outstanding and entitled to one vote each, may vote.
Stockholders will vote on three key items: (1) election of five directors (William C. Martin, Elias Nader, Eric Singer, Frederick Wasch and Emily S. Hoffman) for one-year terms; (2) ratification of BDO USA, P.C. as independent registered public accounting firm for the fiscal year ending April 30, 2027; and (3) an advisory “say‑on‑pay” vote on compensation of named executive officers. The Board recommends voting FOR all proposals. Non-employee directors receive annual cash fees of $75,000 plus restricted stock awards valued at $125,000, while CEO Eric Singer is a significant shareholder with 1,826,961 beneficially owned shares and substantial time‑vesting RSU awards intended to align with stockholder interests.
IMMERSION CORP (IMMR) disclosed that its President, Chief Executive Officer and Chairman, Eric Singer, has filed a Schedule 13D reporting beneficial ownership of 1,826,961 shares of common stock, representing 5.5% of the outstanding shares. This includes 75,000 shares underlying restricted stock units (RSUs) that will vest within 60 days and excludes 375,000 RSUs that will not vest within that period.
Of Singer’s stake, 397,825 shares were acquired with personal funds in open‑market purchases for an aggregate cost of $2,408,663, and 1,429,136 shares were awarded for his service as an officer and director. He has sole voting and dispositive power over all reported shares and may buy or sell IMMR securities from time to time, subject to the company’s insider trading policy and possible use of Rule 10b5‑1(c) trading plans.
The document also summarizes Singer’s compensation arrangements, including a base salary rising from $795,000 (retroactive to October 1, 2022) to $1,137,888 in 2025, a $100,000 signing bonus, eligibility for annual cash bonuses, and multiple RSU grants of 450,000, 300,000, and 300,000 units with multi‑year vesting schedules. A separate change of control and severance agreement provides for severance equal to 300% of base salary and target bonus, up to 18 months of COBRA premium payments, and full acceleration of equity awards upon qualifying termination.
Immersion Corp, as an institutional investment manager, filed a Form 13F holdings report. The report covers 7 reportable holdings with an aggregate reported value of $178,728,110. The filing also identifies 2 other included managers associated with these reported positions.
MARTIN WILLIAM C reported acquisition or exercise transactions in this Form 4 filing.
Immersion Corp Chief Strategy Officer William C. Martin received a grant of 5,640 shares of common stock on July 31, 2026. According to the disclosure, the shares were issued in lieu of salary earned over the three months ended July 31, 2026, after withholding taxes and required cash payments, resulting in 1,423,164 shares held directly.
Immersion Corporation reported fourth-quarter and fiscal 2026 results that include its controlling interest in Barnes & Noble Education. Fourth-quarter revenue was $270.0 million, with GAAP net income attributable to Immersion stockholders of $3.7 million, or $0.12 per diluted share, compared with a loss a year earlier. Non-GAAP net income was $9.9 million, or $0.30 per diluted share.
For fiscal 2026, total revenue was $1.7 billion, up from $1.6 billion in fiscal 2025. GAAP net income attributable to Immersion stockholders was $4.5 million, or $0.14 per diluted share, down from $64.3 million, while non-GAAP net income declined to $60.8 million from $116.3 million. Results reflect higher operating expenses and consolidation of Barnes & Noble Education, as well as income of about $12.6 million from resolution of a Visa/Mastercard interchange participation interest agreement.
The company emphasized capital returns and its Barnes & Noble Education stake of approximately 11.2 million shares. Immersion has paid or declared about $1.01 per share in dividends since January 2023, raised its quarterly dividend to $0.075 per share, and has $39.3 million available under its stock repurchase program.
Immersion Corporation now operates two segments after acquiring a controlling interest in Barnes & Noble Education in June 2024. Through a Rights Offering and PIPE, Barnes & Noble Education received $95 million in gross equity proceeds, using $80.7 million to reduce outstanding debt and establishing Immersion as a 42% owner with board control.
The Immersion segment remains a haptics-focused licensing business with just under 300 patents, targeting mobile, gaming/VR and automotive markets. For the year ended April 30, 2026, mobile OEM and IC licensees provided 28% of royalty and license revenue, gaming and VR 45%, and automotive 15%, underscoring dependence on a concentrated set of large customers.
Barnes & Noble Education operates 1,116 physical and virtual campus bookstores and emphasizes its BNC First Day affordable access programs, which shift revenue timing and working-capital needs. Key risks highlighted include an evolving acquisition-driven strategy, heavy reliance on renewing and adding patent licenses, potential IP litigation, component supply constraints, macro and trade uncertainty, and compliance and internal-control challenges at Barnes & Noble Education, a consolidated variable interest entity.