Immersion Corporation
03/12/2026 | Press release | Distributed by Public on 03/12/2026 08:34
Material Event (Form 8-K)
Item 8.01 Other Events.
Delayed Reports Update
On March 12, 2026, Immersion Corporation (the "Company") announced that it filed its Annual Report on Form 10-K for the fiscal year ended April 30, 2025 (the "FY 2025 Form 10-K").
As previously reported on the Company's Notification of Late Filings on Form 12b-25, filed with the Securities and Exchange Commission (the "SEC") on July 30, 2025, September 16, 2025 and December 16, 2025, the Company and Barnes & Noble Education, Inc. ("BNED"), a consolidated variable interest entity of the Company, were conducting audit committee investigations that resulted in the restatement of previously-issued financial information (the "Restatement"). As a result of the investigations by the Company and BNED audit committees and the Company's work with respect to the Restatement, management was unable to complete the Company's financial reporting process and preparation of its financial statements for the fiscal quarters ended July 31, 2025 and October 31, 2025, and the fiscal year ended April 30, 2025 on a standard timeline. As such, the Company has been delayed in filing its Quarterly Reports on Form 10-Q for the fiscal quarters ended July 31, 2025 and October 31, 2025 and its FY 2025 Form 10-K (collectively, the "Delayed Reports").
The Company is working diligently to complete the necessary work to file all of the Delayed Reports as soon as practicable to regain compliance with SEC requirements and Nasdaq listing standards.
Annual Meeting Update
On March 12, 2026, due to the delay of the Company's filing of its FY 2025 Form 10-K as a result of the previously disclosed investigation and the Restatement, the Board of Directors of the Company determined that the Company's Annual Meeting of Stockholders for the fiscal year ended April 30, 2025 (the "2025 Annual Meeting") will be postponed and held on Monday, April 6, 2026. The location of the 2025 Annual Meeting will be as set forth in the Company's definitive proxy statement for the 2025 Annual Meeting to be filed with the SEC.
Immersion Corporation published this content on March 12, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 12, 2026 at 14:34 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]