secwatch.observer — SEC 8-K summary
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Issuer:     IMMERSION CORP (IMMR)
CIK:        0001058811
Form:       8-K
Filed at:   2022-05-27T23:59:59+00:00
Accession:  0001628280-22-015614
Event type: litigation
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Immersion files patent infringement lawsuit against Meta over AR/VR haptics; raises CEO, CFO, Chairman salaries
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- Filed complaint against Meta in W.D. Texas alleging Quest 2 etc. infringe six haptic patents, seeking injunction and royalties.
- CEO salary raised from $345K to $379.5K; CFO from CAD$310K to CAD$335K; Executive Chairman from $450K to $495K.
- 2022 Bonus Plan: CEO eligible for up to 50% base salary bonus, CFO up to 40%, Chairman up to 100%.
- Updated indemnity agreements for directors/officers; new Change of Control agreements provide 200% base salary severance for Singer/Martin.
- Immersion asserts patents including '806, '524, '217, '298, '222, '143 covering haptic effects in AR/VR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058811/000162828022015614/0001628280-22-015614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058811/000162828022015614/immr-20220525.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-015614

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer