-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F3XVJCbVenmoX1nF9uX52Vb6w+qLeubW/KY30PR3vibWtJ+kHuqnV+EmN5ubFrzu swMzFG4EOaaZ4aeHzXOxAQ== 0001157523-06-002070.txt : 20060228 0001157523-06-002070.hdr.sgml : 20060228 20060228113052 ACCESSION NUMBER: 0001157523-06-002070 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060227 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060228 DATE AS OF CHANGE: 20060228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IMMERSION CORP CENTRAL INDEX KEY: 0001058811 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 943180138 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27969 FILM NUMBER: 06649370 BUSINESS ADDRESS: STREET 1: 801 FOX LANE CITY: SAN JOSE STATE: CA ZIP: 95131 BUSINESS PHONE: 4084671900 MAIL ADDRESS: STREET 1: 801 FOX LANE CITY: SAN JOSE STATE: CA ZIP: 95131 FORMER COMPANY: FORMER CONFORMED NAME: IMMERSION HUMAN INTERFACE CORP DATE OF NAME CHANGE: 19980602 8-K 1 a5090564.txt IMMERSION CORPORATION 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 27, 2006 IMMERSION CORPORATION (Exact name of registrant as specified in its charter) ---------------------- Delaware 000-27969 94-3180138 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) ---------------------- 801 Fox Lane San Jose, California 95131 (Address of principal executive offices) (Zip Code) ---------------------- Registrant's telephone number, including area code: (408) 467-1900 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. (d) Effective February 27, 2006, Emily M. Liggett, the President and Chief Executive Officer of Apexon Inc., was elected to Immersion Corporation's ("Immersion") Board of Directors (the "Board"). Ms. Liggett has also been elected as a member of the Board's Audit Committee and as chairperson of the Nominating/Corporate Governance Committee. Additionally, the Board determined that Ms. Liggett is to serve as a Class III director, and she will stand for election at Immersion's 2008 annual meeting of stockholders. Ms. Liggett has served as the President and Chief Executive Officer of Apexon Inc., a provider of supply quality management software solutions for global manufacturing companies, since April 2004. Prior to joining Apexon Inc., Ms. Liggett served as the interim President and Chief Executive Officer of Capstone Turbine Corporation, a producer of low-emission microturbine systems, from November 2002 to August 2003. Ms. Liggett was the Managing Director of Tyco Ventures, the venture capital investment arm of Tyco International, from September 2000 to April 2001. Before serving as Managing Director of Tyco Ventures, Ms. Liggett held a variety of positions in general management, operations, marketing, and sales at Raychem Corporation, which was acquired by Tyco International in 1999. Ms. Liggett holds a BS in Chemical Engineering from Purdue University and a MS in Manufacturing Systems and MBA from Stanford University. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description ----------- ----------- 99.1 Press Release dated February 28, 2006 announcing the election of Emily M. Liggett to the Board of Directors of Immersion Corporation. Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IMMERSION CORPORATION Date: February 28, 2006 By: /s/ Stephen M. Ambler --------------------------- Stephen M. Ambler Chief Financial Officer and Vice President, Finance EXHIBIT INDEX ------------- Exhibit No. Description ----------- ----------- 99.1 Press Release dated February 28, 2006 announcing the election of Emily M. Liggett to the Board of Directors of Immersion Corporation. EX-99.1 2 a5090564ex99-1.txt EXHIBIT 99.1 Exhibit 99.1 Emily Liggett Joins Immersion's Board of Directors; Former CEO of Elo TouchSystems Brings Strategic Perspective, Operational Expertise SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 28, 2006--Immersion Corporation (Nasdaq:IMMR), a leading developer and licensor of touch feedback technology, today announced the appointment of Emily Liggett to its board of directors, effective February 27th. Liggett is currently president and CEO of Apexon, Inc., a leading provider of supply performance management software for manufacturers. Prior to Apexon, she was interim president and CEO of Capstone Turbine Corporation. Previously, Liggett was managing director of Tyco Ventures where she led venture and resource investments. Before Tyco's acquisition of Raychem in 1999, Emily worked 15 years at Raychem in sales, marketing, operations, and division management positions across a number of industries. She was president and CEO of Raychem's subsidiary, Elo TouchSystems, a leading worldwide manufacturer of touchscreens, and division manager of Raychem's Telecommunications and Energy Division. Prior to Raychem, Liggett held positions at McKinsey, DuPont, the European Community, EPFL, and Bell Labs. Liggett holds an MBA and a master's degree in Engineering from Stanford University and a bachelor's degree in Engineering from Purdue University. "We're very pleased to have Emily join Immersion's board. Her extensive experience in several of our key growth areas -- telecommunications, electronic components, and touchscreens -- complements and strengthens the board's expertise," said Vic Viegas, Immersion director, president, and CEO. "Her technical background and strategic and operational business experience have enabled her to bring next-generation products to market and increase sales as well as profits by double-digit percentages. Emily will be a great resource in helping guide all our growth initiatives." "Immersion has great potential to broadly deploy haptics technology in a number of markets," said Liggett. "I look forward to working with Vic and the board to further develop growth areas, form industry relationships, and help achieve revenue and profit targets." About Immersion (www.immersion.com) Founded in 1993, Immersion Corporation is a recognized leader in developing, licensing, and marketing digital touch technology and products. Bringing value to markets where man-machine interaction needs to be made more compelling, safer, or productive, Immersion helps its partners broaden market reach by making the use of touch feedback as critical a user experience as sight and sound. Immersion's technology is deployed across automotive, entertainment, medical training, mobility, personal computing, and three-dimensional simulation markets. Immersion's patent portfolio includes over 500 issued or pending patents in the U.S. and other countries. Forward-Looking Statements This press release contains "forward-looking statements" that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of Immersion Corporation and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements. All statements, other than the statements of historical fact, are statements that may be deemed forward-looking statements, including any projections of earnings, revenues, profits or other financial matters; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning, formation of industry relationships, growth of product markets or sales, or consumer and market acceptance of force feedback products in general; proposed products or services; any statements regarding future economic conditions or performance; statements of belief; and any statement or assumptions underlying any of the foregoing. Immersion's actual results might differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with Immersion's business which include, but are not limited to, delay in or failure to achieve commercial demand for Immersion's products or a delay in or failure to achieve the acceptance of force feedback as a critical user experience. For a more detailed discussion of these factors, and other factors that could cause the Company's actual results to vary materially, interested parties should review the risk factors listed in the Company's most current Form 10-Q, which is on file with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release reflect the Company's beliefs and predictions as of the date of this release. The Company disclaims any obligation to update these forward-looking statements as a result of financial, business, or any other developments occurring after the date of this release. Immersion and the Immersion logo are trademarks of Immersion Corporation in the United States and other countries. All other trademarks are the property of their respective owners. CONTACT: A&R Partners Erin Freeley, 650-762-2863 efreeley@arpartners.com -----END PRIVACY-ENHANCED MESSAGE-----