other_material
confidence high
sentiment positive
materiality 0.80
Immersion Corporation Increases Quarterly Dividend and Enters Cooperation Agreement with Largest Shareholder
IMMERSION CORP
- Board approved quarterly dividend increase from $0.045 to $0.075 per share, payable January 30, 2026 to holders of record January 19, 2026.
- Entered cooperation agreement with Scott A. Larson on December 5, 2025; investor group will withdraw material requests and cease solicitation activities.
- Under agreement, Larson Group must vote shares in line with Board recommendations except when ISS and Glass Lewis advise otherwise on certain proposals.
- Standstill restrictions include no acquisition of securities exceeding 9.99% voting interest, no proxy solicitation, and no disparagement through December 31, 2027.
- CEO Eric Singer noted $0.78 per share distributed in dividends since January 2023; Larson expressed confidence in company's strategy and capital return.