Immersion appoints Eric Singer as CEO, declares $0.10 special dividend and $50M buyback

IMMERSION CORP

Eric Singer appointed President and CEO effective Jan 3, 2023; Francis Jose returns to General Counsel.
Special cash dividend of $0.10 per share payable Jan 30, 2023 to holders of record Jan 15, 2023.
Board authorizes up to $50 million stock repurchase program for up to 12 months.
Singer receives $795K base salary, $100K signing bonus, and RSUs for 400,000 shares.
2022 bonus awards certified at 150% of base salary for Singer and Martin due to extraordinary contributions.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Eric Singer

President, Chief Executive Officer and Chairman of the Board

IMMR · IMMERSION CORP

Effective: 2023-01-03
Filed: January 3, 2023, 6:59 PM ET

appointed Eric Singer as the Company’s President, Chief Executive Officer and Chairman of the Board, effective January 3, 2023

Role change

Francis Jose

General Counsel

IMMR · IMMERSION CORP

Effective: 2023-01-03
Successor: Eric Singer
Filed: January 3, 2023, 6:59 PM ET

Francis Jose, who had been serving as the Company’s Chief Executive Officer as well as its General Counsel, will continue to serve as the Company’s General Counsel.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Eric Singer was appointed as President, Chief Executive Officer and Chairman of the Board at IMMERSION CORP.

Action: appointed
Role: President, Chief Executive Officer and Chairman of the Board

Exact text from the filing

appointed Eric Singer as the Company’s President, Chief Executive Officer and Chairman of the Board, effective January 3, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Francis Jose changed role as General Counsel at IMMERSION CORP.

Role: General Counsel

Exact text from the filing

Francis Jose, who had been serving as the Company’s Chief Executive Officer as well as its General Counsel, will continue to serve as the Company’s General Counsel.

View on SEC.gov

IMMERSION CORP filing history →

Source: SEC EDGAR

accession 0001628280-23-000023

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