Immersion Corp Files 8-K for Other Events

TL;DR

Immersion Corp (IMMR) filed an 8-K for 'Other Events' on 8/27. Details TBD.

AI Summary

Immersion Corporation filed an 8-K on August 27, 2024, reporting "Other Events." The filing does not contain specific details about the nature of these events, dollar amounts, or other parties involved. The report was filed on September 3, 2024.

Why It Matters

This 8-K filing indicates that Immersion Corporation has reported significant events that are not covered by other standard SEC filing categories, requiring immediate disclosure to investors.

Risk Assessment

Risk Level: medium — The filing is for 'Other Events' without specific details, creating uncertainty for investors about the nature and impact of these events.

Key Players & Entities

• Immersion Corporation (company) — Registrant
• August 27, 2024 (date) — Date of earliest event reported
• September 3, 2024 (date) — Filing Date

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share IMMR The Nasdaq
• $50 million — and authorized the repurchase of up to $50 million of the Company's common stock. Currentl

Filing Documents

• immr-20240827.htm (8-K) — 37KB
• 0001213900-24-075088.txt ( ) — 210KB
• immr-20240827_def.xml (EX-101.DEF) — 17KB
• immr-20240827_pre.xml (EX-101.PRE) — 17KB
• immr-20240827_cal.xml (EX-101.CAL) — 1KB
• immr-20240827_lab.xml (EX-101.LAB) — 35KB
• immr-20240827.xsd (EX-101.SCH) — 4KB
• immr-20240827_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On August 27 , 202 4 , the Board of Directors (the "Board") of Immersion Corporation (the "Company") approved an amendment to extend the expiration date of the Company's current stock repurchase program that was set to expire on December 29, 202 4 to December 29, 202 5 . The stock repurchase program was originally approved on December 29, 2022 and authorized the repurchase of up to $50 million of the Company's common stock. Currently, the Company has $ 41.7 million available for repurchase under the stock repurchase program. Any stock repurchases may be made through open market and privately negotiated transactions, at such times and in such amounts as management deems appropriate, including pursuant to one or more Rule 10b5-1 trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended . Additionally, in connection with the initial approval of the stock repurchase program, the Board authorized the use of any derivative or similar instrument to effect stock repurchase transactions, including without limitation, accelerated share repurchase contracts, equity forward transactions, equity option transactions, equity swap transactions, cap transactions, collar transactions, naked put options, floor transactions or other similar transactions or any combination of the foregoing transactions. The stock repurchase program was implemented as a method to return value to the Company's stockholders. The timing, pricing and sizes of any repurchases will depend on a number of factors, including the market price of the Company's common stock and general market and economic conditions. The stock repurchase program does not obligate the Company to repurchase any dollar amount or number of shares, and the program may be suspended or discontinued at any time.

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: September 3, 2024 By: /s/ J. MICHAEL DODSON Name: J. Michael Dodson Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR