-----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, SNnScrkjP2AJPh4eAzReJJmq7pPyrKnfHq/B2uo3RFumAZBABy0SQuxN1FlE5aU4 B88XDrWpa6ulctSuUb0Few== 0001157523-09-006040.txt : 20090817 0001157523-09-006040.hdr.sgml : 20090817 20090817164541 ACCESSION NUMBER: 0001157523-09-006040 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090817 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090817 DATE AS OF CHANGE: 20090817 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: 091019707 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 a6031133.htm 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

August 17, 2009
Date of Report (Date of earliest event reported):

IMMERSION CORPORATION
(Exact name of Registrant as specified in its charter)

Delaware

 

000-27969

 

94-3180138

(State or other jurisdiction of

incorporation)

(Commission file number)

(I.R.S. Employer Identification
No.)

801 Fox Lane, San Jose, CA 95131
(Address of principal executive offices) (Zip Code)
(408) 467-1900

(Registrant’s telephone number, including area code)

 
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 obligations of the registrant under any of the following provisions (see General Instruction A.2 below):

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 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On August 12, 2009, Immersion Corporation (“Immersion”) received a letter from the Nasdaq Stock Market (“Nasdaq”) stating that Immersion violated Nasdaq Marketplace Rule 5250(c)(1) as a result of its delayed filing of its Quarterly Report on Form 10-Q for the period ended June 30, 2009.

Immersion has 60 calendar days, or until October 13, 2009, to submit to Nasdaq a plan to regain compliance with the Nasdaq listing rules.  Immersion intends to submit a plan to regain compliance within this 60-day period.  If Nasdaq accepts Immersion’s plan, Immersion will have up to 180 calendar days from the filing’s due date, or until February 8, 2010, to regain compliance.  If Nasdaq does not accept Immersion’s plan, Immersion will have the opportunity to appeal that decision to the Nasdaq Listing Qualifications Panel.  

Immersion issued a press release on August 17, 2009 disclosing its receipt of this letter. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

          (d)       Exhibits.

 

Exhibit No.

Exhibit Title

 
99.01

Press Release dated August 17, 2009


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.  

 

IMMERSION CORPORATION

 

 

Date:

August 17, 2009

By:

/s/ CLENT RICHARDSON

Name: Clent Richardson

Title: President and Chief Executive Officer

 


Exhibit List

Exhibit No.

Exhibit Title

 
99.01

Press Release dated August 17, 2009

EX-99.01 2 a6031133ex99_01.htm EXHIBIT 99.01

Exhibit 99.01

Immersion Announces Receipt of Nasdaq Notification Letter

SAN JOSE, Calif.--(BUSINESS WIRE)--August 17, 2009--Immersion Corporation (NASDAQ:IMMR) today announced that on August 12, 2009, it received a letter from the Nasdaq Stock Market (“Nasdaq”) stating that Immersion violated Nasdaq Marketplace Rule 5250(c)(1) as a result of its delayed filing of its Quarterly Report on Form 10-Q for the period ended June 30, 2009.

Immersion has 60 calendar days, or until October 13, 2009, to submit to Nasdaq a plan to regain compliance with the Nasdaq listing rules. Immersion intends to submit a plan to regain compliance within this 60-day period. If Nasdaq accepts Immersion’s plan, Immersion will have up to 180 calendar days from the filing’s due date, or until February 8, 2010, to regain compliance. If Nasdaq does not accept Immersion’s plan, Immersion will have the opportunity to appeal that decision to the Nasdaq Listing Qualifications Panel.

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 the statement regarding Immersion’s intention to submit a plan to regain compliance, the statement regarding Immersion’s expectations regarding regaining compliance with Nasdaq rules, and any statements 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, those risks resulting from Immersion's ongoing analysis of Immersion's accounting method regarding revenue recognition; other accounting adjustments that may result from review of Immersion's financial statements for the periods in question; Immersion's ability to timely file any required amended periodic reports reflecting any restated financial statements; the ramifications of Immersion's potential inability to timely file required reports; potential claims and proceedings relating to such matters, including stockholder litigation and action by the SEC or other governmental agencies; and negative tax or other implications for Immersion resulting from the accounting adjustments; and other factors. Many of these risks and uncertainties are beyond the control of Immersion.

For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in our 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 our beliefs and predictions as of the date of this release. We disclaim 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.

IMMR – C

CONTACT:
The Blueshirt Group
Jennifer Jarman, +1-415-217-7722 (Investors)
jennifer@blueshirtgroup.com

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