0001193125-14-389806.txt : 20141030 0001193125-14-389806.hdr.sgml : 20141030 20141030164859 ACCESSION NUMBER: 0001193125-14-389806 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141027 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20141030 DATE AS OF CHANGE: 20141030 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: 141183774 BUSINESS ADDRESS: STREET 1: 30 RIO ROBLES CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 408-467-1900 MAIL ADDRESS: STREET 1: 30 RIO ROBLES CITY: SAN JOSE STATE: CA ZIP: 95134 FORMER COMPANY: FORMER CONFORMED NAME: IMMERSION HUMAN INTERFACE CORP DATE OF NAME CHANGE: 19980602 8-K 1 d811029d8k.htm 8-K 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

October 27, 2014

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.)

30 Rio Robles, San Jose, CA 95134

(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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On October 27, 2014, Immersion Corporation (the “Company”) split its sales and marketing functions due to the Company’s growth in revenue and scope over the last two years. In connection with the reorganization, the Company has appointed Mr. Mahesh Sundaram as Vice President of Worldwide OEM Sales. Mr. Dennis Sheehan will assume the role of Vice President, Marketing. In this role, he will lead the Company’s overall marketing initiatives for corporate marketing and the OEM and Content and Media businesses.

(e) The Company entered into a revised offer letter with Mr. Sheehan pursuant to which his compensation will remain the same, other than his target incentive under the Executive Incentive Plan which will be changed to 50% of his base salary.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit No.

   

Description

99.1    Revised Offer Letter dated October 27, 2014 by and between Immersion Corporation and Dennis Sheehan

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: October 30, 2014     By:   /s/ Amie Peters
    Name:   Amie Peters
    Title:   General Counsel

EXHIBIT INDEX

 

Exhibit No.

   

Description

99.1    Revised Offer Letter dated October 27, 2014 by and between Immersion Corporation and Dennis Sheehan
 EX-99.1 2 d811029dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

October 27, 2014

Dennis Sheehan

4579 Echo Springs Circle

El Dorado Hills, CA 95762

Re: Your Position with Immersion

Dear Dennis:

This letter is to confirm that your new role with Immersion is Vice President, Marketing effective immediately. In this role you will continue to report to me and your annual base salary will remain $260,074.88. Your target incentive under the Executive Incentive Plan will be 50% effective immediately.

Dennis, I believe with this reorganization and you assuming your new role Immersion will be well positioned for success and I look forward to working with you in your new role.

Sincerely,

/s/ Victor Viegas

Victor Viegas

President and CEO

Immersion

Cc: Personnel File