secwatch.observer — SEC 8-K summary
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Issuer:     IMMERSION CORP (IMMR)
CIK:        0001058811
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001193805-23-000802
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058811/000119380523000802/0001193805-23-000802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058811/000119380523000802/e618674_8k-immersion.htm
  HTML page:      https://secwatch.observer/filing/0001193805-23-000802

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