Aaron Akerman
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
Highest-materiality recent filing
Immersion declares $0.075 quarterly dividend; annual meeting set for Oct 7, 2026
Quarterly cash dividend of $0.075 per share declared, payable July 31, 2026 to holders of record July 20, 2026.
Immersion regains Nasdaq compliance with Listing Rule 5250(c)(1)
Received Nasdaq Staff letter on May 14, 2026 confirming compliance regained.
Immersion Corp gets Nasdaq continued listing conditional on filing Q10 by May 22
Nasdaq Hearings Panel granted continued listing subject to compliance with Listing Rule 5250(c)(1) by May 22, 2026.
Immersion annual meeting results: all directors elected, say-on-pay passes with 57% support
Five director nominees elected: Eric Singer, William Martin, Emily Hoffman, Frederick Wasch, Elias Nader with for votes ranging from 12.4M to 14.0M.
Immersion gets additional Nasdaq delisting notice; declares $0.075 quarterly dividend
Received additional Nasdaq delinquency notice on March 24, 2026 for failure to file Q3 FY2026 Form 10-Q.
Filed FY 2025 (April 30, 2025) Form 10-K on March 12, 2026, after restatement related to audit committee investigations.
Immersion receives Nasdaq delisting notice for delinquent filings; will seek hearing
Received Staff Determination Letter on Feb 10, 2026 for non-compliance with Nasdaq Listing Rule 5250(c)(1).
Immersion gets third Nasdaq delinquency notice for late filings; restatement ongoing
Received Nasdaq notice on Dec 23 for missing Q2 10-Q (quarter ended Oct 31, 2025).
Immersion corrects share count to 32.9M; confirms adoption of shareholder rights plan
Outstanding common shares as of Nov 7, 2025 corrected to 32,876,610 in this amendment.
Board approved quarterly dividend increase from $0.045 to $0.075 per share, payable January 30, 2026 to holders of record January 19, 2026.
Immersion sets 2025 annual meeting for March 3, 2026; shareholder proposals due Dec 5, 2025
Annual meeting scheduled for Tuesday, March 3, 2026, more than 30 days after 2024 meeting anniversary.
Immersion Corporation adopts temporary shareholder rights plan with 9.99% trigger
Board declares dividend of one preferred share purchase right per common share, payable Nov 17, 2025.
Immersion declares $0.045 quarterly dividend payable Oct 31, 2025
Quarterly cash dividend of $0.045 per share declared by board.
Immersion receives second Nasdaq delinquency notice; faces delisting risk for late 10-Q and 10-K
Received Nasdaq notice on Sept 29, 2025 for late filing of Q3 FY2025 Form 10-Q; must submit compliance plan by Oct 20, 2025.
Immersion restates prior quarters due to BNED accounting errors; employee suspended
Board concludes Q3 FY2025, Q2 FY2025, and Q2 FY2024 financials should no longer be relied upon.
Immersion receives Nasdaq delinquency notice for late 10-K filing due to BNED investigation
Received Nasdaq notice on Aug 20, 2025 for failure to timely file Form 10-K for FY ended April 30, 2025.
Immersion delays 10-K filing; BNED subsidiary reveals up to $23M accounts receivable overstatement
Delays annual report filing due to internal investigation at subsidiary BNED for potential $23M accounts receivable overstatement.
Immersion declares quarterly dividend of $0.045 per share
Quarterly cash dividend of $0.045 per share declared, payable on August 8, 2025.
Immersion Q3 FY2025 GAAP EPS $0.47, revenue $474.8M; declares $0.045 dividend, extends buyback
GAAP net income of $15.5M ($0.47 diluted EPS); Non-GAAP net income of $20.8M ($0.63 diluted EPS).
Immersion Q2 FY2025: GAAP EPS $0.83, Non-GAAP EPS $1.22; declares $0.245 special dividend
GAAP net income $27.2M ($0.83 diluted EPS), Non-GAAP $40.2M ($1.22) for Q2 FY2025 ended Oct 31, 2024.
Immersion acquires 42% of BNED for $50.1M, gains control; pro forma shows $784M revenue for H1 2024
Acquisition of ~42% of BNED for $50.1M cash, completed June 10, 2024; Immersion controls BNED via five board seats.
Immersion declares special dividend of $0.245/share payable Jan 24, 2025
Special cash dividend of $0.245 per share declared by Board on November 8, 2024.
Immersion changes fiscal year end from Dec 31 to April 30 effective immediately
Board approved fiscal year change from December 31 to April 30, effective immediately.
Immersion extends stock repurchase program expiration to Dec 2025; $41.7M remaining
Board approved extending the stock repurchase program expiration from Dec 29, 2024 to Dec 29, 2025.
Immersion acquires 42% of BNED for $50.1M; gains control with 5 board seats
Purchased 42% of BNED common stock for $50.1M cash; control via 5 Immersion-appointed board seats.
Immersion Q2 rev $99.4M, GAAP EPS $0.89, non-GAAP $1.14; declares $0.045 dividend
Total revenues $99.4M in Q2 2024 vs $7.0M Q2 2023; includes consolidation of Barnes & Noble Education from June 10.
Immersion replaces auditor: Frank, Rimerman out, BDO in
Frank, Rimerman + Co. resigned as independent auditor on July 16, 2024, effective immediately.
Immersion closes $45M BNED rights offering & PIPE; invests $55M, appoints four directors
Rights offering raised $45M gross from 900M shares at $0.05/share; Immersion backstop purchased 200,670,135 shares for $10.0M.
Immersion dismisses Plante & Moran, appoints Frank, Rimerman as auditor
Audit Committee dismissed Plante & Moran effective June 5, 2024, appointed Frank, Rimerman for FY 2024.
Immersion awards $1.5M discretionary bonus to CEO Eric Singer for 2024 performance
Compensation Committee approved $1,500,000 discretionary cash bonus to CEO and Chairman Eric Singer on May 21, 2024.
Immersion renews patent license with Samsung Electronics
License agreement signed May 17, 2024; announced May 22, 2024.
Immersion Q1 revenue $43.8M; GAAP EPS $0.59, non-GAAP EPS $0.63
Total revenues $43.8M vs $7.1M in Q1 2023, a 517% increase.
Immersion Corp announces annual meeting results; all director nominees elected
Eric Singer re-elected with 16,200,848 votes for, 1,155,039 withheld; broker non-votes 5,918,800.
Immersion to backstop BNED rights offering, invest up to $80M and convert debt
Immersion subsidiary Toro 18 commits up to $35M backstop for BNED rights offering at $0.05/share.
Immersion Q4 GAAP net income $16.0M ($0.49/diluted); declares $0.045 quarterly dividend
Q4 revenue $10.4M (royalty & license $10.4M) vs $9.2M YoY; FY revenue $33.9M vs $38.5M.
Immersion settles patent litigation with Meta; expects ~$17.5M after fees
Immersion signs Patent License and Settlement Agreement with Meta Platforms, resolving all outstanding litigation.
Total revenues $9.5M vs $14.0M Q3 2022; GAAP net income $2.7M ($0.08 diluted) vs $7.7M ($0.23) prior year.
Immersion Q2 GAAP net income $7.0M ($0.21 EPS), revenue $7.0M down 12.5% YoY
Total revenues $7.0M vs $8.0M in Q2 2022; royalty & license revenues $6.9M down 12.7%.
Immersion CFO Aaron Akerman to resign; J. Michael Dodson appointed CFO effective June 12, 2023
CFO Aaron Akerman steps down upon successor appointment; separation date Aug 11, 2023; receives CAD$167,750 severance and CAD$50,000 bonus.
Immersion Q1 GAAP net income $8.3M ($0.25/diluted); declares $0.03 quarterly dividend
GAAP net income $8.3M ($0.25 diluted EPS), up from $5.1M ($0.15) in Q1 2022.
Francis Jose, General Counsel, will retire effective March 31, 2023; receives $75,000 lump sum separation payment.
Immersion Q4 GAAP net income $19.7M ($0.60 EPS); declares $0.03 quarterly dividend
Q4 total revenues $9.2M vs $9.7M in Q4 2021; royalty and license revenues $9.1M.
Immersion appoints Eric Singer as CEO, declares $0.10 special dividend and $50M buyback
Eric Singer appointed President and CEO effective Jan 3, 2023; Francis Jose returns to General Counsel.
Immersion sets 2023 annual meeting for March 30; record date Feb 16
Record date for 2023 annual meeting: close of business Feb 16, 2023.
Immersion Q3 revenue $14.0M (up 94% YoY); declares $0.03 dividend, repurchased 7% of shares YTD
Total revenues $14.0M, up 94% YoY from $7.2M; royalty and license revenue $13.9M vs $7.1M.
Immersion Corp corrects director nomination deadline disclosure in amended 8-K
Amendment No. 1 to Form 8-K filed to fix prior disclosure about deadlines for stockholder director nominations.
Immersion dismisses Armanino, appoints Plante & Moran as new auditor
Audit Committee dismissed Armanino LLP as independent auditor effective August 16, 2022, citing cost structure improvement.
Immersion Q2 revenue down 27% to $8.0M; bylaws amended for shareholder nominations
Q2 2022 total revenues $8.0M, down 27% from $11.0M in Q2 2021.
Filed complaint against Meta in W.D. Texas alleging Quest 2 etc. infringe six haptic patents, seeking injunction and royalties.
Immersion Corporation Announces Results of 2022 Annual Meeting of Stockholders
Eric Singer, William Martin, Sumit Agarwal, Frederick Wasch, Elias Nader elected directors to serve until 2023 annual meeting.
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
On May 26, 2023, the Company appointed J. Michael Dodson as the Company’s Chief Financial Officer, effective June 12, 2023.
On March 24, 2023, Francis Jose informed Immersion Corporation, a Delaware corporation (the “ Company ”), that Mr. Jose will retire from the Company effective March 31, 2023.
appointed Eric Singer as the Company’s President, Chief Executive Officer and Chairman of the Board, effective January 3, 2023
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.
On March 3, 2022, Mary Dotz, a member of the Board of Directors (the “ Board ”) of Immersion Corporation, a Delaware corporation (the “ Company ”), informed the Board that she does not intend to stand for re-election to the Board at the next annual stockholders’ meeting.
on March 8, 2022, the Board appointed Elias Nader to the Board.
On December 28, 2021, the Board appointed William C. Martin to serve as the Company’s Chief Strategy Officer.
on December 28, 2021, the Board appointed Frederick Wasch to its Board of Directors, effective on December 28, 2021.
Francis Jose, the Company’s General Counsel, was appointed the Chief Executive Officer effective on August 30, 2021.
Effective as of August 30, 2021, Mr. Jared Smith resigned as Interim Chief Executive Officer and Vice President, Worldwide Sales of Immersion Corporation
Max materiality 0.90 · Median 0.65 · Most common event other_material