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$IMMR·8-K

IMMERSION CORP · Apr 8, 4:26 PM ET

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IMMERSION CORP 8-K

Research Summary

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Updated

Immersion Corp Reports Annual Meeting Vote Results; Directors Elected

What Happened

  • Immersion Corporation held its fiscal 2025 Annual Meeting on April 6, 2026 and filed the vote results. Five directors were elected to serve until the 2026 annual meeting: Eric Singer, William Martin, Emily S. Hoffman, Frederick Wasch and Elias Nader.
  • Director vote totals (For / Withheld / Broker Non-Votes):
    • Eric Singer: 13,900,059 For; 1,378,244 Withheld; 9,221,299 Broker non‑votes
    • William Martin: 13,302,354 For; 1,975,949 Withheld; 9,221,299 Broker non‑votes
    • Frederick Wasch: 13,416,306 For; 1,861,997 Withheld; 9,221,299 Broker non‑votes
    • Elias Nader: 12,399,975 For; 2,878,328 Withheld; 9,221,299 Broker non‑votes
    • Emily S. Hoffman: 13,975,900 For; 1,302,403 Withheld; 9,221,299 Broker non‑votes
  • The company also reported ratification of its independent registered public accounting firm and an advisory (non‑binding) vote on executive compensation:
    • Auditor ratification (BDO USA, P.C.): 23,312,902 For; 1,161,329 Against; 25,371 Abstain
    • Advisory "say‑on‑pay": 8,650,349 For; 6,574,098 Against; 53,856 Abstain; 9,221,299 Broker non‑votes

Key Details

  • Annual Meeting date: April 6, 2026.
  • All five board nominees received more "For" than "Withheld" votes and will serve until the 2026 annual meeting.
  • Auditor BDO USA, P.C. was ratified with ~23.3M votes For vs ~1.16M Against.
  • Say‑on‑pay passed on an advisory basis with ~8.65M For vs ~6.57M Against; ~9.22M broker non‑votes were recorded on non‑routine matters.

Why It Matters

  • Board composition and continuity: the re‑election of the five directors maintains current governance leadership, which can influence strategic and oversight decisions.
  • Auditor ratification confirms shareholder support to retain BDO as the company’s independent auditor for the fiscal year ending April 30, 2026.
  • The advisory vote on executive compensation passed but with a sizeable opposing vote and many broker non‑votes, which investors may view as mixed feedback on pay practices; advisory votes are non‑binding but often inform future compensation policy.

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