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 Corporation is calling a virtual-only FY 2025 Annual Meeting of Stockholders on April 6, 2026, at 10:00 a.m. Eastern Time. Holders of 32,921,888 common shares outstanding as of February 6, 2026 may vote online on three main items.
Stockholders will elect five directors, vote on ratifying BDO USA, P.C. as independent auditor for the fiscal year ending April 30, 2026, and cast an advisory vote on executive pay. The board recommends voting in favor of all proposals and explains detailed governance practices, director qualifications, and compensation programs.
Immersion Corporation reported that it has now filed its Annual Report on Form 10‑K for the fiscal year ended April 30, 2025, after significant delays tied to an investigation and financial restatement involving Barnes & Noble Education, Inc., a consolidated variable interest entity. Those investigations prevented management from completing the financial reporting process for the quarters ended July 31, 2025 and October 31, 2025 and the FY 2025 year-end on a normal schedule, leaving multiple quarterly reports and the 10‑K as delayed filings. The company states it is working to complete all remaining delayed reports promptly to regain compliance with SEC requirements and Nasdaq listing standards. Because of the late 10‑K, the Board has postponed the 2025 Annual Meeting of Stockholders to April 6, 2026, with details on the meeting location to be provided in a forthcoming proxy statement.
Immersion Corporation’s annual report centers on a major restatement and the consolidation of Barnes & Noble Education (BNED). After an internal investigation at BNED, the board determined several 2024–2025 interim financial statements should not be relied upon and restated them in this report. Adjustments include lease accounting errors, a $4.6 million textbook rental write-off, a $1.3 million legal settlement reclassified to an earlier quarter, revenue timing changes that reduced one quarter’s revenue by $3.9 million, and business-combination revisions that increased goodwill by $54.9 million and reduced noncontrolling interest by $55.6 million.
Immersion acquired a 42% stake and board control of BNED through a $50.1 million investment as part of $95 million of new equity capital that allowed BNED to pay down $80.7 million of debt and refinance a $325 million credit facility. Management concluded disclosure controls and internal control over financial reporting were not effective as of April 30, 2025 and is implementing remediation. The company also adopted a Dodd‑Frank clawback policy and reports that no excess incentive compensation was identified for recovery. As of March 4, 2026, 32,921,888 common shares were outstanding.
IMMERSION CORP institutional manager filed a Form 13F Holdings Report showing a Form 13F information table value total of $145,921,207. The report lists 8 holdings and names 2 other included managers. It was signed by Eric Singer as President, CEO and Chairman.
Immersion Corporation reported that it received a Nasdaq Staff Determination Letter on February 10, 2026 due to continued non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely SEC filings. The company has not filed its Form 10-K for the fiscal year ended April 30, 2025 and its Forms 10-Q for the quarters ended July 31, 2025 and October 31, 2025, because audit committee investigations at Immersion and its consolidated subsidiary Barnes & Noble Education, Inc. are leading to a restatement of previously issued financial information.
The letter does not immediately suspend trading or delist Immersion’s securities. Immersion plans to request a hearing before a Nasdaq Hearings Panel, seek an extended stay of any suspension, and continue working to complete and file the delayed reports to regain compliance, though there is no assurance additional time will be granted.
Immersion Corporation director and Chief Strategy Officer William C. Martin received 6,588 shares of common stock on January 30, 2026, as compensation in lieu of cash salary. The shares were issued at a stated price of $0 per share under a stock-for-salary arrangement covering the three months ended January 31, 2026.
After this grant, Martin directly beneficially owns 1,392,227 shares of Immersion common stock. The number of shares issued was based on his net salary for the period, after required tax withholdings and cash payments, divided by the closing stock price on January 30, 2026.
The Vanguard Group has filed a Schedule 13G reporting beneficial ownership of 2,322,319 shares of Immersion Corp common stock, representing 7.06% of the class as of December 31, 2025. Vanguard reports shared voting power over 201,148 shares and shared dispositive power over all 2,322,319 shares, with no sole voting or dispositive authority.
Vanguard states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Immersion. The filing notes an internal realignment on January 12, 2026, after which certain Vanguard subsidiaries are expected to report beneficial ownership separately while pursuing the same investment strategies.
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.