{"schema_version":"secwatch.filing_event.v1","accession":"0001058811-25-000008","form_type":"8-K","ticker":"IMMR","cik":"0001058811","company_name":"IMMERSION CORP","filed_at":"2025-09-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.223187+00:00","generated_at":"2026-05-17T07:13:31.844699+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"confidence":"high","headline":"Immersion restates prior quarters due to BNED accounting errors; employee suspended","bullets":["Board concludes Q3 FY2025, Q2 FY2025, and Q2 FY2024 financials should no longer be relied upon.","Correcting cost of digital sales: cost of sales up $13.1M for Oct 31, 2024; up $11.2M for Jan 31, 2025.","$3.5M of sales in Q3 FY2025 did not meet revenue recognition criteria; sales and receivables decreased.","Material weaknesses in internal control over financial reporting and disclosure controls expected for FY2025.","Payment processing employee suspended; BNED has contacted SEC and intends to cooperate fully."],"urls":{"canonical":"https://secwatch.observer/filing/0001058811-25-000008","json":"https://secwatch.observer/filing/0001058811-25-000008.json","markdown":"https://secwatch.observer/filing/0001058811-25-000008.md","text":"https://secwatch.observer/filing/0001058811-25-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058811/000105881125000008/0001058811-25-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058811/000105881125000008/immr-20250908.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T07:13:31.844699+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}