IMMERSION CORP 8-K

What Happened

• Immersion Corporation announced on March 12, 2026 that it filed its Annual Report on Form 10-K for the fiscal year ended April 30, 2025. The filing follows audit committee investigations by Immersion and Barnes & Noble Education, Inc. (BNED), a consolidated variable interest entity, which resulted in a restatement of previously issued financial information.
• Because of those investigations and related work on the Restatement, management said it was unable to complete its financial reporting for the fiscal quarters ended July 31, 2025 and October 31, 2025 and the fiscal year ended April 30, 2025 on the usual timeline. The company previously submitted Notification of Late Filings on Form 12b-25 on July 30, 2025, September 16, 2025 and December 16, 2025.

Key Details

• Filed FY2025 Form 10-K: March 12, 2026.
• Prior late-filing notices (Form 12b-25) filed: July 30, 2025; Sept 16, 2025; Dec 16, 2025.
• Delayed Quarterly Reports (Form 10-Q) remain to be filed for periods ended July 31, 2025 and Oct 31, 2025.
• 2025 Annual Meeting of Stockholders postponed to Monday, April 6, 2026; location to be stated in the forthcoming proxy.

Why It Matters

• The company’s restatement and related audit investigations caused material delays in filing required SEC reports. Timely financial filings are important for transparency and for maintaining compliance with SEC rules and Nasdaq listing standards; Immersion says it is working to regain compliance.
• Investors should note continued disclosure activity (remaining delayed 10-Qs and proxy details) and monitor upcoming filings for the restatement’s impact on historical results and any additional information from the audit committees.