secwatch.observer — SEC 8-K summary
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Issuer:     IMMERSION CORP (IMMR)
CIK:        0001058811
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001628280-23-000023
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058811/000162828023000023/0001628280-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058811/000162828023000023/immr-20221229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-000023

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