Immersion Corporation Announces Annual Meeting of Stockholders on April 29, 2024

Ticker: IMMR · Form: DEF 14A · Filed: Apr 4, 2024 · CIK: 1058811

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, Director Election, Auditor Ratification, Executive Compensation

TL;DR

<b>Immersion Corporation is holding its Annual Meeting of Stockholders on April 29, 2024, to vote on director elections, auditor ratification, and executive compensation.</b>

AI Summary

IMMERSION CORP (IMMR) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. Immersion Corporation will hold its Annual Meeting of Stockholders on April 29, 2024, at 10:00 a.m. Eastern Time. The meeting will take place at the offices of Olshan Frome Wolosky LLP in New York, NY. Stockholders will vote on four proposals, including the election of five directors. The appointment of Plante & Moran, PLLC as the independent registered public accounting firm for fiscal year ending December 31, 2024, will be ratified. An advisory vote to approve the compensation of named executive officers is also on the agenda.

Why It Matters

For investors and stakeholders tracking IMMERSION CORP, this filing contains several important signals. This meeting is a crucial opportunity for shareholders to exercise their voting rights on key corporate governance matters, including the composition of the Board of Directors and the company's financial oversight. The outcome of the advisory vote on executive compensation can signal shareholder sentiment regarding management's performance and alignment with shareholder interests.

Risk Assessment

Risk Level: low — IMMERSION CORP shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate risk.

Analyst Insight

Shareholders should review the proxy materials carefully to understand the proposals and cast their votes accordingly, particularly regarding director nominees and executive compensation.

Key Numbers

Key Players & Entities

FAQ

When did IMMERSION CORP file this DEF 14A?

IMMERSION CORP filed this Proxy Statement (DEF 14A) with the SEC on April 4, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by IMMERSION CORP (IMMR).

Where can I read the original DEF 14A filing from IMMERSION CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by IMMERSION CORP.

What are the key takeaways from IMMERSION CORP's DEF 14A?

IMMERSION CORP filed this DEF 14A on April 4, 2024. Key takeaways: Immersion Corporation will hold its Annual Meeting of Stockholders on April 29, 2024, at 10:00 a.m. Eastern Time.. The meeting will take place at the offices of Olshan Frome Wolosky LLP in New York, NY.. Stockholders will vote on four proposals, including the election of five directors..

Is IMMERSION CORP a risky investment based on this filing?

Based on this DEF 14A, IMMERSION CORP presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate risk.

What should investors do after reading IMMERSION CORP's DEF 14A?

Shareholders should review the proxy materials carefully to understand the proposals and cast their votes accordingly, particularly regarding director nominees and executive compensation. The overall sentiment from this filing is neutral.

How does IMMERSION CORP compare to its industry peers?

Immersion Corporation operates in the technology sector, specifically focusing on haptic feedback technology. This filing is a standard proxy statement for its annual shareholder meeting.

Are there regulatory concerns for IMMERSION CORP?

The filing adheres to the Securities Exchange Act of 1934, specifically Rule 14a-101 (Schedule 14A), which governs the content and distribution of proxy statements.

Risk Factors

Industry Context

Immersion Corporation operates in the technology sector, specifically focusing on haptic feedback technology. This filing is a standard proxy statement for its annual shareholder meeting.

Regulatory Implications

The filing adheres to the Securities Exchange Act of 1934, specifically Rule 14a-101 (Schedule 14A), which governs the content and distribution of proxy statements.

What Investors Should Do

  1. Review the proxy statement for detailed information on each of the four proposals.
  2. Vote your shares by proxy or in person at the Annual Meeting.
  3. Ensure your proxy card is completed, signed, and returned by the specified deadline.

Key Dates

Year-Over-Year Comparison

This is a definitive proxy statement (DEF 14A) filed on April 4, 2024, for the annual meeting scheduled for April 29, 2024. It outlines the agenda and voting procedures for shareholders.

Filing Stats: 4,901 words · 20 min read · ~16 pages · Grade level 13.1 · Accepted 2024-04-04 16:02:12

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 28 2023 Summary Compensation Table 28 Outstanding Equity Awards at December 31, 2023 30 Potential Payments upon Termination or Change in Control 31 Pay Versus Performance 33 EQUITY COMPENSATION PLAN INFORMATION 35 AUDIT COMMITTEE REPORT 36 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PROPOSAL 2) 37 Audit Fees and All Other Fees 37 ADVISORY VOTE ON THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS (PROPOSAL 3) 39 APPROVAL OF THE EXCULPATION AMENDENT (PROPOSAL 4) 40 i PROXY STATEMENT We are providing you with these proxy materials in connection with the solicitation by the Board of Directors (the " Board " or the " Board of Directors ") of Immersion Corporation (the " Company "), of proxies to be used at our 2024 Annual Meeting of Stockholders (the " Annual Meeting "). The Annual Meeting will be held at the offices of Olshan Frome Wolosky LLP located at 1325 Avenue of the Americas, New York, New York 10019 on April 29, 2024, at 10:00 a.m. Eastern Time. This proxy statement contains important information regarding our Annual Meeting, the proposals on which you are being asked to vote, information you may find useful in determining how to vote, and information about voting procedures. The Annual Meeting will be held for the following purposes: 1. To elect five (5) directors to hold office for the applicable term and until their successor is elected and qualified; 2. To ratify the appointment of Plante & Moran, PLLC as our independent registered public accounting firm for the fiscal year ending December 31, 2024; 3. To hold an advisory vote to approve the compensation of our named executive officers; 4. To approve an amendment to the Company's Amended and Restated Certificate of Incorporation to reflect new Delaware law provisions regarding officer exculpation (the " Exculpation Amendment "); and 5. To transact such other business as may properly come before the Ann

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