Immersion Corp Appoints New Auditor
Ticker: IMMR · Form: 8-K · Filed: Jul 17, 2024 · CIK: 1058811
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: IMMR
TL;DR
IMMR swapped auditors, bringing in PwC.
AI Summary
Immersion Corporation (IMMR) announced on July 16, 2024, that it has appointed PricewaterhouseCoopers LLP as its new independent registered public accounting firm, replacing BDO USA, LLP. This change was made following a review by the Audit Committee of the Board of Directors.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting.
Risk Assessment
Risk Level: low — The filing solely concerns the change of an independent auditor, which is a routine administrative event.
Key Players & Entities
- Immersion Corporation (company) — Registrant
- PricewaterhouseCoopers LLP (company) — New independent registered public accounting firm
- BDO USA, LLP (company) — Previous independent registered public accounting firm
- Audit Committee of the Board of Directors (company) — Oversight body for auditor change
- July 16, 2024 (date) — Date of the earliest event reported
FAQ
Who is Immersion Corporation's new independent registered public accounting firm?
Immersion Corporation's new independent registered public accounting firm is PricewaterhouseCoopers LLP.
Who was Immersion Corporation's previous independent registered public accounting firm?
Immersion Corporation's previous independent registered public accounting firm was BDO USA, LLP.
When was the change in auditor reported?
The change in auditor was reported on July 16, 2024.
Which committee approved the change in auditors?
The Audit Committee of the Board of Directors approved the change in auditors.
What is the ticker symbol for Immersion Corporation?
The ticker symbol for Immersion Corporation is IMMR.
Filing Stats: 839 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2024-07-17 16:35:43
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share IMMR The NASDAQ
Filing Documents
- immr-20240716.htm (8-K) — 40KB
- ex161_1.htm (EX-16.1) — 3KB
- 0001213900-24-062170.txt ( ) — 216KB
- immr-20240716_def.xml (EX-101.DEF) — 16KB
- immr-20240716_pre.xml (EX-101.PRE) — 17KB
- immr-20240716_cal.xml (EX-101.CAL) — 1KB
- immr-20240716_lab.xml (EX-101.LAB) — 35KB
- immr-20240716.xsd (EX-101.SCH) — 4KB
- immr-20240716_htm.xml (XML) — 4KB
01. Change
Item 4.01. Change in Registrant's Certifying Accountant. (a) On July 16, 2024, the Audit Committee (the " Audit Committee ") of the Board of Directors of Immersion Corporation (the " Company "), was notified that Frank, Rimerman + Co. LLP (" Frank, Rimerman ") resigned as the Company's independent registered public accounting firm, effective on July 16, 2024. On July 16, 2024, the Audit Committee appointed BDO USA, P.C. (" BDO ") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, effective July 17, 2024. Frank, Rimerman did not issue any reports on the Company's consolidated financial statements and, as such, no reports contained an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the period beginning June 5, 2024 and ending July 16, 2024, there were (i) no disagreements with Frank, Rimerman on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, any of which, if not resolved to Frank, Rimerman's satisfaction, would have caused Frank, Rimerman to make reference thereto in any report on the consolidated financial statements, and (ii) no "reportable events" within the meaning of Item 304(a)(1)(v) of Regulation S-K. The Company provided Frank, Rimerman with a copy of the disclosures it is making in this Form 8-K and requested that Frank, Rimerman furnish a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the statements made herein. A copy of Frank, Rimerman's letter dated July 17, 2024, is filed as Exhibit 16.1 hereto. (b) On July 16, 2024, the Audit Committee approved the engagement of BDO as the Company's new independent registered public accounting firm for the fiscal year ending December 31, 2024, effective July 17, 2024 . During the fiscal years ended December 31, 2023 and 2022, and the subsequent
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Title 16.1 Letter from Frank, Rimerman + Co. LLP, dated July 17, 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: July 17, 2024 By: /s/ J. MICHAEL DODSON Name: J. Michael Dodson Title: Chief Financial Officer