---
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"
generated_at: "2026-05-17T07:13:31.844699+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Immersion restates prior quarters due to BNED accounting errors; employee suspended

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001058811-25-000008
- JSON: https://secwatch.observer/filing/0001058811-25-000008.json
- Plain text: https://secwatch.observer/filing/0001058811-25-000008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.