Immersion Corp Changes Independent Auditor to BDO USA, LLP
Ticker: IMMR · Form: 8-K · Filed: Jun 7, 2024 · CIK: 1058811
| Field | Detail |
|---|---|
| Company | Immersion CORP (IMMR) |
| Form Type | 8-K |
| Filed Date | Jun 7, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, 8-k
TL;DR
Immersion Corp swapped auditors from CohnReznick to BDO USA, LLP effective June 5th.
AI Summary
Immersion Corporation filed an 8-K on June 7, 2024, to report a change in its certifying accountant. The company has appointed BDO USA, LLP as its new independent registered public accounting firm, effective June 5, 2024. This change follows the resignation of their previous auditor, CohnReznick LLP.
Why It Matters
A change in auditor can signal potential concerns about the company's financial reporting or internal controls, or it could be a routine decision to seek a different perspective.
Risk Assessment
Risk Level: medium — A change in auditor, especially without explicit positive reasons provided, can sometimes indicate underlying issues with financial reporting or internal controls.
Key Players & Entities
- Immersion Corporation (company) — Registrant
- BDO USA, LLP (company) — New independent registered public accounting firm
- CohnReznick LLP (company) — Former independent registered public accounting firm
- June 5, 2024 (date) — Effective date of auditor change
- June 7, 2024 (date) — Filing date of the 8-K
FAQ
When was the change in Immersion Corporation's certifying accountant effective?
The change in Immersion Corporation's certifying accountant to BDO USA, LLP was effective as of June 5, 2024.
Who is Immersion Corporation's new independent registered public accounting firm?
Immersion Corporation's new independent registered public accounting firm is BDO USA, LLP.
Who was Immersion Corporation's previous certifying accountant?
Immersion Corporation's previous certifying accountant was CohnReznick LLP.
What type of filing is this for Immersion Corporation?
This is a Form 8-K filing for Immersion Corporation, reporting current events.
On what date was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on June 7, 2024.
Filing Stats: 831 words · 3 min read · ~3 pages · Grade level 11.9 · Accepted 2024-06-07 16:23:54
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share IMMR The NASDAQ
Filing Documents
- immr-20240605.htm (8-K) — 41KB
- ex161_1.htm (EX-16.1) — 10KB
- img95e6d0a14e0e4b558b44.jpg (GRAPHIC) — 4KB
- imgc496563011c24f7a9198.jpg (GRAPHIC) — 11KB
- imgc7edcec75ed94969ac19.jpg (GRAPHIC) — 3KB
- 0001213900-24-050794.txt ( ) — 251KB
- immr-20240605_def.xml (EX-101.DEF) — 16KB
- immr-20240605_pre.xml (EX-101.PRE) — 17KB
- immr-20240605_cal.xml (EX-101.CAL) — 1KB
- immr-20240605_lab.xml (EX-101.LAB) — 35KB
- immr-20240605.xsd (EX-101.SCH) — 4KB
- immr-20240605_htm.xml (XML) — 4KB
.01. Change in Registrant's Certifying Accountant
Item 4 .01. Change in Registrant's Certifying Accountant. (a) On June 5, 2024, the Audit Committee (the " Audit Committee ") of the Board of Directors of Immersion Corporation (the " Company "), dismissed Plante & Moran, PLLC (" Plante Moran ") as the Company's independent registered public accounting firm, effective on June 5, 2024. On June 5, 2024, the Audit Committee appointed Frank, Rimerman + Co. LLP (" Frank, Rimerman ") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, and the Company entered into an engagement letter with Frank, Rimerman on June 6, 2024. Plante Moran's reports on the Company's consolidated financial statements for the fiscal years ended December 31, 2023 and 2022 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended December 31, 2023 and 2022, and the subsequent interim periods through June 5, 2024, there were (i) no disagreements with Plante Moran on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, any of which, if not resolved to Plante Moran's satisfaction, would have caused Plante Moran to make reference thereto in their reports on the consolidated financial statements for such fiscal years, and (ii) no "reportable events" within the meaning of Item 304(a)(1)(v) of Regulation S-K. The Company provided Plante Moran with a copy of the disclosures it is making in this Form 8-K and requested that Plante Moran furnish a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the statements made herein. A copy of Plante Moran's letter dated June 7, 2024, is filed as Exhibit 16.1 hereto. (b) During the fiscal years ended December 31, 2023 and 2022, and the subsequent interim periods through June 7, 2024, neither the Company nor anyone on its b
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Title 16.1 Letter from Plante & Moran, PLLC, dated June 7, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IMMERSION CORPORATION Date: June 7, 2024 By: /s/ J. MICHAEL DODSON Name: J. Michael Dodson Title: Chief Financial Officer