Immersion CFO Aaron Akerman to resign; J. Michael Dodson appointed CFO effective June 12, 2023

IMMERSION CORP

CFO Aaron Akerman steps down upon successor appointment; separation date Aug 11, 2023; receives CAD$167,750 severance and CAD$50,000 bonus.
J. Michael Dodson named CFO effective June 12, 2023; base salary $350,000, $50,000 bonus in Jan 2024, 50,000 RSU grant.
Compensation Committee approved 2023 Annual Bonus Plan; CEO Eric Singer and CSO Bill Martin each target 100% of base salary based on non-GAAP operating income.
Dodson's change of control agreement provides 100% base salary severance, COBRA premiums, and full equity acceleration upon qualifying termination.

item 5.02 item 9.01

Executive movements

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Departed

Aaron Akerman

Chief Financial Officer

IMMR · IMMERSION CORP

Effective: 2023-08-11
Successor: J. Michael Dodson
Filed: May 30, 2023, 7:59 PM ET

Mr. Akerman will step down as Chief Financial Officer of the Company upon the appointment of a successor and will depart from the Company effective August 11, 2023

Appointed

J. Michael Dodson

Chief Financial Officer

IMMR · IMMERSION CORP

Effective: 2023-06-12
Filed: May 30, 2023, 7:59 PM ET

On May 26, 2023, the Company appointed J. Michael Dodson as the Company’s Chief Financial Officer, effective June 12, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Aaron Akerman resigned as Chief Financial Officer at IMMERSION CORP.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Mr. Akerman will step down as Chief Financial Officer of the Company upon the appointment of a successor and will depart from the Company effective August 11, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

J. Michael Dodson was appointed as Chief Financial Officer at IMMERSION CORP.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On May 26, 2023, the Company appointed J. Michael Dodson as the Company’s Chief Financial Officer, effective June 12, 2023.

View on SEC.gov

IMMERSION CORP filing history →

Source: SEC EDGAR

accession 0001193805-23-000802

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