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.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

IMMERSION CORP entered into Agreement with Scott A. Larson, the Irrevocable Larson Family Investment Trust, and each affiliate and associate of Mr. Larson and the Trust (collectively, the Investor Group) (effective 2025-12-05).

Action: entry
Agreement: settlement
Counterparty: Scott A. Larson, the Irrevocable Larson Family Investment Trust, and each affiliate and associate of Mr. Larson and the Trust (collectively, the Investor Group)
Effective: 2025-12-05

Exact text from the filing

On December 5, 2025 (the "Effective Date"), Immersion Corporation (the "Company") entered into a letter agreement (the "Agreement") with Scott A. Larson (Mr. Larson, collectively with the Irrevocable Larson Family Investment Trust, of which Mr. Larson is the sole trustee and beneficiary (the "Trust"), and each affiliate and associate of Mr. Larson and the Trust over which either has control, the "Investor Group").

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Source: SEC EDGAR

accession 0001193125-25-310688

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