IMMERSION CORP
For the period ended Mar 12, 2026. Filed Mar 12, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Mar 12, 2026 · Filed Mar 12, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Schedule 14A Information (Rule 14a-101)
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No.)
Filed by the Registrant☒
Filed by a party other than the Registrant☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
|---|---|
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to Rule § 240.14a-12 |
Immersion Corporation
(Name of Registrant as Specified In Its Charter)
n/a
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
| ☒ | No fee required. |
|---|---|
| ☐ | Fee paid previously with preliminary materials: |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-16(i)(1) and 0-11. |
March 12, 2026
TO THE STOCKHOLDERS OF IMMERSION CORPORATION
Dear Stockholder:
You are cordially invited to attend the Annual Meeting of Stockholders for the fiscal year ended April 30, 2025 (the “FY 2025 Annual Meeting”) of Immersion Corporation, on April 6, 2026, at 10:00 a.m. Eastern Time at meetnow.global/MQPQGUK, which will be held in virtual only format. You will not be able to attend the FY 2025 Annual Meeting in person.
At the FY 2025 Annual Meeting, stockholders will be asked to vote on each of the three (3) proposals set forth in the Notice of FY 2025 Annual Meeting of Stockholders and the Proxy Statement, which describe the formal business to be conducted at the FY 2025 Annual Meeting and follow this letter.
It is important that your shares be represented and voted at the FY 2025 Annual Meeting regardless of the size of your holdings. PLEASE COMPLETE, SIGN, DATE AND RETURN THE ACCOMPANYING PROXY CARD IN THE ENCLOSED POSTAGE-PAID ENVELOPE. Voting electronically, by telephone, or by returning your proxy card in advance of the FY 2025 Annual Meeting does not deprive you of your right to virtually attend the FY 2025 Annual Meeting.
On behalf of the Board of Directors, I would like to express our appreciation for your continued support for and interest in the affairs of our company. We look forward to seeing you at the FY 2025 Annual Meeting.
Sincerely,
President, Chief Executive Officer and Chairman of the Board
NOTICE OF FY 2025 ANNUAL MEETING OF STOCKHOLDERS
To Be Held April 6, 2026
The FY 2025 Annual Meeting will be held on April 6, 2026, at 10:00 a.m. Eastern Time at meetnow.global/MQPQGUK, which will be held in virtual only format. You will not be able to attend the FY 2025 Annual Meeting in person. The FY 2025 Annual Meeting will be held for the following purposes:
To elect five (5) directors to hold office for the applicable term and until their successor is elected and qualified;
To ratify the appointment of BDO USA, P.C. as our independent registered public accounting firm for the fiscal year ending April 30, 2026;
To hold an advisory vote to approve the compensation of our named executive officers; and
To transact such other business as may properly come before the FY 2025 Annual Meeting or any adjournments or postponements thereof.
Only stockholders of record at the close of business on February 6, 2026 are entitled to notice of, and to vote at, the FY 2025 Annual Meeting and at any adjournments or postponements thereof. The vote of each eligible stockholder is important. Please vote as soon as possible to ensure that your vote is recorded promptly even if you plan to attend the FY 2025 Annual Meeting.
BY ORDER OF THE BOARD OF DIRECTORS,
President, Chief Executive Officer and Chairman of the Board
Aventura, Florida, March 12, 2026
We will hold our FY 2025 Annual Meeting in virtual only format. We have designed the format of the FY 2025 Annual Meeting to ensure that stockholders are afforded the same rights and opportunities to participate as they would at an in-person meeting, using online tools to ensure stockholder access and participation.
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDER MEETING TO BE HELD ON APRIL 6, 2026: THIS PROXY STATEMENT AND THE ANNUAL REPORT ARE AVAILABLE AT WWW.ENVISIONREPORTS.COM/IMMR.
IMMERSION CORPORATION
FY 2025 ANNUAL MEETING OF STOCKHOLDERS
NOTICE OF ANNUAL MEETING AND PROXY STATEMENT
TABLE OF CONTENTS
| PROXY STATEMENT | 1 |
|---|---|
| QUESTIONS AND ANSWERS | 2 |
| ELECTION OF DIRECTORS (PROPOSAL 1) | 8 |
| DIRECTOR COMPENSATION | 14 |
| CORPORATE GOVERNANCE | 16 |
| RELATED PERSON TRANSACTIONS | 24 |
| Ownership of Our Equity Securities | 25 |
| Directors and Executive Officers | 25 |
| Principal Stockholders | 26 |
| Delinquent Section 16(a) Reports | 26 |
| EXECUTIVE COMPENSATION | 26 |
| 2024 Transition Period and FY 2025 Summary Compensation Table | 27 |
| Outstanding Equity Awards at Fiscal Year-End April 30, 2025 | 29 |
| Potential Payments upon Termination or Change in Control | 30 |
| Pay Versus Performance | 32 |
| Equity Compensation Plan Information | 34 |
| AUDIT COMMITTEE REPORT | 34 |
| RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PROPOSAL 2) | 36 |
| Audit Fees and All Other Fees | 37 |
| ADVISORY VOTE ON THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS (PROPOSAL 3) | 39 |
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