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.
MARTIN WILLIAM C reported acquisition or exercise transactions in this Form 4 filing.
IMMERSION CORP granted Common Stock to Chief Strategy Officer William C. Martin as equity compensation instead of cash. On April 30, 2026, he received 17,872 shares in lieu of salary for the three months ended April 30, 2026, and 7,425 shares in lieu of a cash bonus for the second half of the fiscal year ending April 30, 2026. These awards were issued at no cash cost to him, after deducting applicable withholding taxes and required cash payments, with the share counts based on the stock’s closing price on April 30, 2026.
Immersion Corporation reported consolidated results for the quarter ended January 31, 2026 that fully reflect its controlling stake in Barnes & Noble Education (BNED). Total revenue reached $518.5 million, almost all from BNED’s textbook, course material and merchandise operations.
Immersion’s own royalty and license revenue was $3.4 million, down from the prior year period, and the company recorded a net loss attributable to Immersion stockholders of $10.3 million versus prior-year profit. Cash, cash equivalents and restricted cash were $138.1 million, while total assets were $1.43 billion, including $69.2 million of goodwill and $88.7 million of intangible assets tied to BNED.
BNED carried $138.4 million of long-term borrowings under its asset-based credit facility and generated quarterly revenue of $515.1 million, with cost of sales of $425.6 million and substantial seasonal lease and operating expenses. Noncontrolling interest in BNED was $266.6 million, highlighting that a significant portion of consolidated equity and earnings belongs to other BNED shareholders.
Immersion Corporation received a decision from the Nasdaq Hearings Panel granting its request to continue listing on the Nasdaq Stock Market, provided it demonstrates compliance with Listing Rule 5250(c)(1) on or before May 22, 2026.
The compliance issue stems from Immersion’s failure to timely file its Form 10‑Q for the fiscal quarter ended January 31, 2026, which led to an additional delinquency notice from Nasdaq staff. The company states it is working diligently to complete the necessary work and file the Form 10‑Q as soon as practicable to regain compliance with SEC requirements and Nasdaq listing standards.
Immersion Corporation reported results for the fiscal quarter ended October 31, 2025, reflecting its expanded structure after consolidating Barnes & Noble Education. Total assets reached $1.38 billion, up from $1.10 billion at April 30, 2025, driven mainly by the Barnes & Noble Education business.
Quarterly revenues were $650.2 million, with Immersion’s own royalty and license revenue at $5.8 million and Barnes & Noble Education contributing $644.4 million. Consolidated net income attributable to Immersion stockholders was $12.0 million, down from $30.8 million a year earlier, and diluted EPS declined from $0.93 to $0.36.
Barnes & Noble Education generated sizeable textbook and course material sales but also carries $122.5 million of long-term borrowings under an asset-based credit facility. Immersion ended the period with $115.2 million in cash and equivalents and $59.8 million in current investments, while stockholders’ equity attributable to Immersion stockholders was $306.9 million.
Immersion Corporation reported the results of its fiscal 2025 Annual Meeting of Stockholders held on April 6, 2026. Stockholders elected five directors — Eric Singer, William Martin, Emily Hoffman, Frederick Wasch and Elias Nader — to serve until the 2026 annual meeting and until their successors are elected and qualified.
Stockholders also ratified the appointment of BDO USA, P.C. as independent registered public accounting firm for the fiscal year ending April 30, 2026, with 23,312,902 shares voting for and 1,161,329 against. In an advisory vote on executive compensation, 8,650,349 shares were cast for approval, 6,574,098 against and 53,856 abstained, with 9,221,299 broker non-votes.
HOFFMAN EMILY reported acquisition or exercise transactions in this Form 4 filing.
Immersion Corp director Emily Hoffman received a grant of 21,815 shares of restricted common stock as equity compensation. The shares were awarded at no cash price and increase her direct holdings to 97,100 shares after the transaction.
The restricted stock will fully vest, subject to her continued service, on the earlier of the one-year anniversary of April 6, 2026 or the date of Immersion’s annual stockholder meeting for the fiscal year ending April 30, 2026. Vesting may accelerate in full if certain specified events occur.
Nader Elias reported acquisition or exercise transactions in this Form 4 filing.
IMMERSION CORP director Nader Elias reported receiving a grant of 21,815 shares of common stock as restricted stock under the company’s director compensation policy. The award was recorded at $0.00 per share, reflecting a compensation grant rather than a market purchase, and raises his direct holdings to 68,323 shares.
The restricted shares will vest 100% on the earlier of the one-year anniversary of April 6, 2026 or the date of Immersion’s annual meeting of stockholders for the fiscal year ending April 30, 2026, provided Elias continues serving through the vesting date. The award is also subject to full acceleration upon the occurrence of certain specified events.
Wasch Childress Frederick reported acquisition or exercise transactions in this Form 4 filing.
IMMERSION CORP director Wasch Childress Frederick received a grant of 21,815 shares of restricted common stock. The award was made at no cash cost as part of the company’s director compensation policy and is structured as equity-based compensation rather than an open-market purchase.
The restricted stock will vest 100% on the earlier of the one-year anniversary of April 6, 2026 or the date of Immersion’s annual meeting of stockholders for the fiscal year ending April 30, 2026, provided the director continues in service. Following this grant, the director directly holds 87,913 shares of Immersion common stock.
IMMERSION CORP President and CEO Eric Singer reported routine tax-withholding share dispositions related to equity compensation. On restricted stock units vesting, a total of 29,607 shares of common stock were withheld at a price of $5.56 per share to cover tax obligations. After these non-market transactions, Singer directly owns 2,131,315 shares of IMMERSION CORP common stock.
Immersion Corporation received an additional Nasdaq delinquency notice after failing to file its Form 10-Q for the quarter ended January 31, 2026, on top of earlier missed 10-Qs for July 31 and October 31, 2025. The notice cites these delays as a potential basis for delisting, but it does not immediately affect trading.
The company has requested a hearing before a Nasdaq Hearings Panel to obtain more time to regain compliance, and that hearing was held on March 26, 2026. Immersion has since filed its Form 10-K for the year ended April 30, 2025 and the Form 10-Q for the quarter ended July 31, 2025, and is working to complete the remaining delayed 10-Qs.
The board also declared a quarterly cash dividend of $0.075 per share, payable on May 1, 2026 to shareholders of record on April 20, 2026, noting that any future dividends will be reviewed and may be adjusted or withdrawn.