Immersion Corporation adopts temporary shareholder rights plan with 9.99% trigger

IMMERSION CORP

Board declares dividend of one preferred share purchase right per common share, payable Nov 17, 2025.
Rights become exercisable if a person or group acquires 9.99% or more of common stock without Board approval.
Rights plan expires on October 31, 2026, unless extended with shareholder ratification.
Adoption follows a letter from shareholder Scott A. Larson, which the Board says contains inaccurate assertions.
Company unable to release current financials due to ongoing BNED investigation and restatement process.

item 1.01 item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

IMMERSION CORP: Filed Certificate of Designation establishing Series C Junior Participating Preferred Stock (effective 2025-11-07).

Change: charter amendment
Effective: 2025-11-07

Exact text from the filing

In connection with the adoption of the Rights Agreement referenced in Item 3.03 above, the Board approved the Certificate of Designation establishing the Preferred Shares and the rights, preferences and privileges thereof. The Certificate of Designation was filed with the Secretary of State of the State of Delaware on November 7, 2025.

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42 governance changes filed in the last 30 days. Browse all governance changes →

IMMERSION CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-273404

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