Immersion (NASDAQ: IMMR) files 10-K amendment to correct auditor consent

Rhea-AI Filing Summary

Immersion Corporation filed Amendment No. 1 to its annual report originally submitted on March 12, 2026. The sole purpose is to replace an incorrect Auditor Consent from Plante & Moran, PLLC for the year ended December 31, 2023 with the correct version.

The amendment also includes updated CEO and CFO certifications required by Sections 302 and 906 of the Sarbanes-Oxley Act, dated as of this amendment’s filing date. The company states that no other changes were made to the original filing. As of October 31, 2024, non‑affiliate common stock had an aggregate market value of $227,763,695, and 32,921,888 shares were outstanding on March 4, 2026.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K/A

(Amendment No. 1)

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended April 30, 2025 or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to ______

Commission File Number 001-38334

Immersion Corporation

(Exact name of registrant as specified in its charter)

Delaware		94-3180138
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

2999 N.E. 191st Street, Suite 610, Aventura, FL, 33180

(Address of principal executive offices, zip code)

(408) 467-1900

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, $0.001 par value	IMMR	Nasdaq Global Market
Series C Junior Participating Preferred Stock Purchase Rights

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☐ No ☒

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☐ No ☒

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐		Accelerated filer	☐
Non-accelerated filer	☒		Smaller reporting company	☒
			Emerging Growth Company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously-issued financial statements. ☒

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant on October 31, 2024, the last business day of the registrant’s most recently completed second fiscal quarter, was $227,763,695 (based on the closing sales price of the registrant’s common stock on that date). On March 4, 2026, there were 32,921,888 shares of the Company’s common stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

None.

EXPLANATORY NOTE

This Amendment No. 1 on Form 10-K/A (this “Amendment”) amends the Annual Report on Form 10-K of Immersion Corporation (the “Company”) for the fiscal year ended April 30, 2025, as filed with the Securities and Exchange Commission (the “SEC”) on March 12, 2026 (the “Original Filing”). The Consent of Plante & Moran, PLLC, Independent Registered Public Accounting Firm, with respect to the calendar year ended December 31, 2023, filed as Exhibit 23.1 to the Original Filing (the “Auditor Consent”) inadvertently contained an incorrect version of the Auditor Consent. This Amendment is being filed to provide the correct Auditor Consent.

In accordance with Rule 12b-15 of the Securities Exchange Act of 1934, as amended, this Amendment includes new certifications required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002, as amended, dated as of the filing date of this Amendment.

No other changes were made to the Original Filing.

3. Exhibits

The following exhibits are filed herewith:

Exhibit Number		Exhibit Description		Incorporated by Reference								Filed Herewith
						Form		File No.		Exhibit			Filing Date
3.1		Immersion Corporation Amended and Restated Bylaws, effective as of August 12, 2022		10-K		001-38334		3.1		February 22, 2023
3.2		Amended and Restated Certificate of Incorporation of Immersion Corporation		8-K		000-27969		3.1		June 7, 2017
3.3		Certificate of Designation of the Powers, Preferences and Rights of Series A Redeemable Convertible Preferred Stock		8-K		000-27969		3.1		July 29, 2003
3.4		Amended and Restated Certificate of Designations of Series B Participating Preferred Stock of Immersion Corporation		8-K		000-27969		3.1		November 17, 2021
4.1		Description of Securities		10-K		001-38334		4.1		February 22, 2023
4.2		Section 382 Tax Benefits Preservation Plan, dated as of November 17, 2021, by and between Immersion Corporation and Computershare Trust Company, N.A., as Rights Agent.		8-K		000-27969		4.1		November 17, 2021
10.1	#	License Agreement dated as of July 25, 2003 by and between Microsoft Corporation and Immersion Corporation		S-3/A		333-108607		10.4		February 13, 2004
10.2	*	Form of Indemnity Agreement		10-K		001-38334		10.3		February 22, 2023
10.3	*	Amended and Restated Immersion Corporation 2021 Equity Incentive Plan (effective January 20, 2023)		10-Q		001-38334		10.3		May 11, 2023
10.4	*	Form of Stock Option Award Agreement for Immersion Corporation 2021 Equity Incentive Plan.		10-K		001-38334		10.13		February 25, 2022
10.5	*	Form of Award Agreement (Restricted Stock Units) to the Immersion Corporation 2021 Equity Incentive Plan.		10-K		001-38334		10.11		February 22, 2023
10.6	*	Form of Amendment to Award Agreement (Performance-Based Restricted Stock Units) to the Immersion Corporation 2021 Equity Incentive Plan		10-K		001-38334		10.12		February 22, 2023
10.7	*	Form of Award Agreement (Performance-Based Restricted Stock Units) to the Immersion Corporation 2011 Equity Incentive		10-K		000-38334		10.13		February 22, 2023
10.8	#	Settlement and License Agreement, dated as of January 26, 2018, by and between Immersion Corporation and Apple Inc.		10-Q/A		001-38334		10.2		July 31, 2018
10.9		Settlement and License Agreement, dated as of May 12, 2019, by and between Immersion Corporation and Samsung Electronics Co. Ltd		10-Q		001-38334		10.1		August 14, 2019
10.10	*	Form of Change of Control and Severance Agreement		8-K		001-38334		10.2		May 27, 2022
10.11	*	Amended and Restated Change of Control and Severance Agreement, dated January 3, 2023, between Immersion Corporation and Eric Singer		8-K		001-38334		10.2		January 3, 2023
10.12	*	Offer Letter, dated December 30, 2022, between Immersion Corporation and Eric Singer		8-K		001-38334		10.1		January 3, 2023
10.13	*	Summary of Compensation Information of William C. Martin, the Company’s Chief Strategy Officer		10-K		001-38334		10.26		February 22, 2023

10.14

*

Change of Control and Severance Agreement, dated May 26, 2022, by and between Immersion Corporation and William C. Martin.

10-Q

001-38334

10.2

November 14, 2022

10.15

*

Immersion Corporation Annual Bonus Plan

8-K

001-38334

10.1

May 30, 2023

10.16

*

Offer Letter, dated May 26, 2023 between Immersion Corporation and J. Michael Dodson

8-K

001-38334

10.3

May 30, 2023

10.17

*

Change of Control and Severance Agreement, dated May 26, 2023 between Immersion Corporation and J. Michael Dodson

8-K

001-38334

10.4

May 30, 2023

19.1

Insider Trading Policy

10-K

001-38334

19.1

March 12, 2026

21.1

Subsidiaries of Immersion Corporation.

10-K

001-38334

21.1

March 12, 2026

23.1

Consent of Plante & Moran, PLLC, Independent Registered Public Accounting Firm, with respect to the calendar year ended December 31, 2023.

X

31.1

Certification of Eric Singer, Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

X

31.2

Certification of J. Michael Dodson, Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

X

32.1

+

Certification of Eric Singer, Chief Executive Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

X

32.2

+

Certification of J. Michael Dodson, Chief Financial Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

X

97.1

Dodd-Frank Clawback Policy

10-K

001-38334

97.1

March 12, 2026

101.INS

Inline XBRL Report Instance Document

X

101.SCH

Inline XBRL Taxonomy Extension Schema Document

X

104

+

Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

X

# Confidential treatment has been granted for portions of this exhibit by the SEC.

* Constitutes a management contract or compensatory plan.

**Portions of this exhibit have been omitted as confidential information.

+ This certification is deemed not filed for purposes of section 18 of the Exchange Act, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act, as amended, or the Exchange Act, as amended.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: March 13, 2026
IMMERSION CORPORATION
By	/S/ J. MICHAEL DODSON
	J. Michael Dodson
	Chief Financial Officer

FAQ

What is Immersion (IMMR) changing in this 10-K/A amendment?

Immersion is only correcting the independent auditor’s consent for the year ended December 31, 2023. The amendment replaces an incorrect version of the Plante & Moran, PLLC consent and adds updated CEO and CFO Sarbanes-Oxley certifications.

Does Immersion’s 10-K/A amendment change any 2023 financial results?

The amendment does not change any underlying financial statements or disclosures. Immersion specifies that no other changes were made to the original annual report beyond correcting the auditor consent and providing new Sarbanes-Oxley officer certifications.

Why did Immersion (IMMR) need to correct the auditor consent?

The auditor consent filed with the original annual report inadvertently contained an incorrect version. Immersion’s amendment supplies the correct consent from Plante & Moran, PLLC covering the calendar year ended December 31, 2023, aligning the exhibit file with the audited period.

What Sarbanes-Oxley certifications are included in Immersion’s 10-K/A?

The amendment includes updated certifications from CEO Eric Singer and CFO J. Michael Dodson under Sections 302 and 906 of the Sarbanes-Oxley Act. These certifications are dated as of the amendment’s filing date and relate to the accuracy and completeness of the report.

How many Immersion (IMMR) shares were outstanding around this amendment?

Immersion reports that 32,921,888 shares of common stock were outstanding on March 4, 2026. It also notes aggregate market value of non‑affiliate common stock of $227,763,695 as of October 31, 2024, based on that day’s closing sales price.

Are any new exhibits added in Immersion’s 10-K/A filing?

The amendment refiles the auditor consent as Exhibit 23.1 and includes updated CEO and CFO certifications under Exhibits 31.1, 31.2, 32.1, and 32.2. Other exhibit listings, such as bylaws and compensation plans, are referenced but not substantively changed.