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Immersion Corp. – ‘8-K’ for 3/7/24

On:  Thursday, 3/7/24, at 4:23pm ET   ·   For:  3/7/24   ·   Accession #:  1213900-24-20789   ·   File #:  1-38334

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/07/24  Immersion Corp.                   8-K:2,8,9   3/07/24   13:647K                                   EdgarAgents LLC/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     61K 
 7: EX-99.1     Miscellaneous Exhibit                               HTML    394K 
 8: R1          Cover                                               HTML     50K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
13: XML         XBRL Instance -- immr-20240307_htm                   XML     18K 
 9: EXCEL       IDEA Workbook of Financial Report Info              XLSX      8K 
 4: EX-101.CAL  XBRL Calculations -- immr-20240307_cal               XML      8K 
 2: EX-101.DEF  XBRL Definitions -- immr-20240307_def                XML     48K 
 5: EX-101.LAB  XBRL Labels -- immr-20240307_lab                     XML     99K 
 3: EX-101.PRE  XBRL Presentations -- immr-20240307_pre              XML     48K 
 6: EX-101.SCH  XBRL Schema -- immr-20240307                         XSD     16K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               14±    20K 
12: ZIP         XBRL Zipped Folder -- 0001213900-24-020789-xbrl      Zip     43K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX: 
 i 0001058811  i false  i FL 0001058811 2024-03-07 2024-03-07 0001058811 us-gaap:SeriesBMember 2024-03-07 2024-03-07 0001058811 us-gaap:CommonStockMember 2024-03-07 2024-03-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM  i 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

 i March 7, 2024

Date of Report (Date of earliest event reported)

 

 i IMMERSION CORPORATION

(Exact name of Registrant as specified in its charter)

 i Delaware

 

 i 001-38334

 

 i 94-3180138

(State or other jurisdiction

of incorporation)

 

(Commission

file number)

 

(I.R.S. Employer

Identification No.)

 

 i 2999 N.E. 191st Street, Suite 610,  i Aventura, FL   i 33180

 

(Address of principal executive offices and zip code)

 

( i 408)  i 467-1900

(Registrant’s telephone number, including area code)

 

N/A

 

(Former name or former address, if changed since last report.) 

 

Check the appropriate box below if the Form 8‑K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below): 

 i 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 i 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 i 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 i 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

 i Common Stock, $0.001 par value per share

 i IMMR

 i The Nasdaq Global Market

 i Series B Junior Participating Preferred Stock Purchase Rights

 i IMMR

 i The Nasdaq Global Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter). 

 

Emerging Growth Company  i 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  





Item 2.02   Results of Operations and Financial Condition.

 

On March 7, 2024, Immersion Corporation (we, our or the “Company”) issued a press release regarding financial results for the fourth quarter ended December 31, 2023. A copy of the press release is attached to this Current Report as Exhibit 99.1, and the information in Exhibit 99.1 is incorporated herein by reference.

 

The information in Item 2.02 and Exhibit 99.1 in this Current Report on Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.


Item 8.01   Other Events.

 

       On March 7, 2024, the Company announced that its Board of Directors (the “Board”) declared a quarterly dividend. The quarterly dividend, in the amount of $0.045 per share, will be payable, subject to any prior revocation, on April 19, 2024 to shareholders of record on April 12, 2024. Future dividends will be subject to further review and approval by the Board in accordance with applicable law. The Board reserves the right to adjust or withdraw the quarterly dividend in future periods as it reviews the Company’s capital allocation strategy from time-to-time.         

    

Forward Looking Statements

 

      This Item 8.01 contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, including statements regarding the Company’s dividend program. These forward-looking statements are subject to involve risks and uncertainties. These forward-looking statements may be identified by terms such as “will,” “may,” “plans,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the anticipated amount, duration, methods, timing and other aspects of our dividend program and any anticipated benefits or value resulting from any such dividends. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, any unforeseen need for capital which may require us to divert funds we may have otherwise used for the dividend program, which may in turn negatively impact our ability to administer the quarterly dividends. In addition, the timing and amount of future dividends, if any, will be made as management deems appropriate and will depend on a variety of factors including stock price, market conditions, corporate and regulatory requirements (including applicable securities laws and regulations and the rules of the Nasdaq Stock Market), any additional constraints related to material inside information the Company may possess, and capital availability. More information regarding these and other risks, uncertainties and factors is contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 as filed with the SEC, and in other reports filed by the Company with the SEC from time to time. You are cautioned not to unduly rely on these forward-looking statements, which speak only as of the date of this Form 8-K. All information in this Form 8-K is as of the date stated and unless required by law, the Company undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this Form 8-K or to report the occurrence of unanticipated events other than as required bylaw or regulation.

 

Item 9.01   Financial Statements and Exhibits.


(d)    Exhibits 

 

 

Exhibit No.

Exhibit Title

99.1

Press Release dated March 7, 2024 (regarding financial results for fourth quarter ended December 31, 2023)

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)





SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.









 

 

IMMERSION CORPORATION

 

 

 

 

 

Date:

March 7, 2024

By:

/s/ J. MICHAEL DODSON

 

 

 

Name:

J. Michael Dodson

 

 

 

Title:

Chief Financial Officer

 



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
4/19/24None on these Dates
4/12/24
Filed on / For Period end:3/7/24
12/31/23
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