IMMR.NASDAQImmersion CORP
10-K/A: Immersion Files 10-K/A to Correct Auditor Consent
Sentiment:
Amendment to Annual Report
Immersion Corporation filed an Amendment No. 1 to its Annual Report on Form 10-K to correct an inadvertently filed auditor consent and include updated Sarbanes-Oxley certifications.
Summary
- Immersion Corporation filed an Amendment No. 1 (Form 10-K/A) to its Annual Report on Form 10-K for the fiscal year ended April 30, 2025.
- The primary purpose of this amendment is to replace an incorrect version of the Auditor Consent (Exhibit 23.1) that was inadvertently filed with the original report.
- The amendment also includes new certifications from the Chief Executive Officer, Eric Singer, and Chief Financial Officer, J. Michael Dodson, as required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002.
- No other changes were made to the content of the original Annual Report on Form 10-K, which was filed on March 12, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a standard administrative correction to ensure full compliance with SEC reporting requirements, with no impact on the company's operational or financial outlook.
Future Outlook
NA
Management Comments
- Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.
- Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this report.
- The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)).
- The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.
Industry Context
StockSavvy.ai notes that this filing is a routine compliance amendment and does not provide new information regarding Immersion Corporation's operational performance or industry position. Such amendments are common for correcting administrative errors in large regulatory filings.
Stakeholder Impact
- Shareholders: Minimal impact, as the amendment corrects a procedural error and ensures compliance, reinforcing transparency and regulatory adherence.
- Regulatory Authorities: Positive impact, as the company is proactively correcting a filing error and maintaining compliance with Sarbanes-Oxley requirements.
Key Dates
| Date | Description |
|---|---|
| 2003-07-25 | License Agreement dated with Microsoft Corporation. |
| 2003-07-29 | Certificate of Designation of the Powers, Preferences and Rights of Series A Redeemable Convertible Preferred Stock filed. |
| 2004-02-13 | Microsoft Corporation License Agreement incorporated by reference in S-3/A. |
| 2017-06-07 | Amended and Restated Certificate of Incorporation of Immersion Corporation filed. |
| 2018-01-26 | Settlement and License Agreement dated with Apple Inc. |
| 2018-07-31 | Apple Inc. Settlement and License Agreement incorporated by reference in 10-Q/A. |
| 2019-05-12 | Settlement and License Agreement dated with Samsung Electronics Co. Ltd. |
| 2019-08-14 | Samsung Electronics Co. Ltd Settlement and License Agreement incorporated by reference in 10-Q. |
| 2021-11-17 | Amended and Restated Certificate of Designations of Series B Participating Preferred Stock of Immersion Corporation filed. |
| 2021-11-17 | Section 382 Tax Benefits Preservation Plan dated. |
| 2022-02-25 | Form of Stock Option Award Agreement for Immersion Corporation 2021 Equity Incentive Plan incorporated by reference in 10-K. |
| 2022-05-26 | Change of Control and Severance Agreement dated between Immersion Corporation and William C. Martin. |
| 2022-05-27 | Form of Change of Control and Severance Agreement filed. |
| 2022-08-12 | Immersion Corporation Amended and Restated Bylaws effective. |
| 2022-11-14 | William C. Martin Change of Control and Severance Agreement incorporated by reference in 10-Q. |
| 2022-12-30 | Offer Letter dated between Immersion Corporation and Eric Singer. |
| 2023-01-03 | Amended and Restated Change of Control and Severance Agreement dated between Immersion Corporation and Eric Singer. |
| 2023-01-03 | Eric Singer Offer Letter incorporated by reference in 8-K. |
| 2023-01-20 | Amended and Restated Immersion Corporation 2021 Equity Incentive Plan effective. |
| 2023-02-22 | Immersion Corporation Amended and Restated Bylaws incorporated by reference in 10-K. |
| 2023-02-22 | Description of Securities incorporated by reference in 10-K. |
| 2023-02-22 | Form of Indemnity Agreement incorporated by reference in 10-K. |
| 2023-02-22 | Form of Award Agreement (Restricted Stock Units) to the Immersion Corporation 2021 Equity Incentive Plan incorporated by reference in 10-K. |
| 2023-02-22 | Form of Amendment to Award Agreement (Performance-Based Restricted Stock Units) to the Immersion Corporation 2021 Equity Incentive Plan incorporated by reference in 10-K. |
| 2023-02-22 | Form of Award Agreement (Performance-Based Restricted Stock Units) to the Immersion Corporation 2011 Equity Incentive incorporated by reference in 10-K. |
| 2023-02-22 | Summary of Compensation Information of William C. Martin, the Company's Chief Strategy Officer incorporated by reference in 10-K. |
| 2023-05-11 | Amended and Restated Immersion Corporation 2021 Equity Incentive Plan incorporated by reference in 10-Q. |
| 2023-05-26 | Offer Letter dated between Immersion Corporation and J. Michael Dodson. |
| 2023-05-26 | Change of Control and Severance Agreement dated between Immersion Corporation and J. Michael Dodson. |
| 2023-05-30 | Immersion Corporation Annual Bonus Plan filed. |
| 2023-05-30 | J. Michael Dodson Offer Letter incorporated by reference in 8-K. |
| 2023-05-30 | J. Michael Dodson Change of Control and Severance Agreement incorporated by reference in 8-K. |
| 2023-12-31 | Year ended for the consolidated financial statements covered by the auditor's report. |
| 2024-03-11 | Date of Plante & Moran, PLLC's report relating to the consolidated financial statements for the year ended December 31, 2023. |
| 2024-10-31 | Last business day of the registrant's most recently completed second fiscal quarter, used for calculating aggregate market value of common stock held by non-affiliates. |
| 2025-04-30 | Fiscal year ended for the Annual Report on Form 10-K being amended. |
| 2026-03-04 | Date on which 32,921,888 shares of the Company's common stock were outstanding. |
| 2026-03-11 | Date of the corrected Consent of Plante & Moran, PLLC, Independent Registered Public Accounting Firm. |
| 2026-03-12 | Original filing date of the Annual Report on Form 10-K. |
| 2026-03-12 | Insider Trading Policy incorporated by reference in 10-K. |
| 2026-03-12 | Subsidiaries of Immersion Corporation incorporated by reference in 10-K. |
| 2026-03-12 | Dodd-Frank Clawback Policy incorporated by reference in 10-K. |
| 2026-03-13 | Filing date of this Amendment No. 1 on Form 10-K/A. |
| 2026-03-13 | Certification date for Eric Singer (CEO) and J. Michael Dodson (CFO) under Sections 302 and 906 of the Sarbanes-Oxley Act. |
Keywords
Immersion Corporation, IMMR, 10-K/A, SEC filing, Auditor Consent, Sarbanes-Oxley, SOX certifications, financial reporting, compliance
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