1 unchanged sentence
Stock Repurchase Program
−Removed: On February 23, 2022, our Board of Directors approved a stock repurchase program of up to $30 million of our common stock for a period of up to twelve months.
−Removed: Any stock repurchases may be made through open market and privately negotiated transactions, at such times and in such amounts as management deems appropriate, including pursuant to one or more Rule 10b5-1 trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
+Added: On December 29, 2022, the Board approved the December 2022 Stock Repurchase Program, which terminated and superseded the stock repurchase program that had been approved by our Board on February 23, 2022.
+Added: Any stock repurchases may be made through open market and privately negotiated transactions, at such times and in such amounts as management deems appropriate, including pursuant to one or more Rule 10b5-1 trading plans adopted in accordance with Rule 10b5-1 of the Exchange Act.
Additionally, the Board authorized the use of any derivative or similar instrument to effect stock repurchase transactions, including without limitation, accelerated share repurchase contracts, equity forward transactions, equity option transactions, equity swap transactions, cap transactions, collar transactions, naked put options, floor transactions or other similar transactions or any combination of the foregoing transactions.
−Removed: The stock repurchase program was implemented as a method to return value to our stockholders.
−Removed: The timing, pricing and sizes of any repurchases will depend on a number of factors, including the market price of our common stock and general market and economic conditions.
+Added: The December 2022 Stock Repurchase Program was implemented as a method to return value to our stockholders.
+Added: The timing, pricing and sizes of any repurchases will depend on a number of factors, including the market price our common stock and general market and economic conditions.
The stock repurchase program does not obligate us to repurchase any dollar amount or number of shares, and the program may be suspended or discontinued at any time.
−Removed: As of September 30, 2022, we have $23.0 million available for repurchase under the stock repurchase program.
−Removed: Share repurchase activity during the three months ended September 30, 2022 was as follows (in thousands, except per share amounts):
−Removed: Periods Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)
−Removed: July 1 to July 31, 2022 — N/A — 28,300,000
−Removed: August 1 to August 31, 2022 607,998 5.5372 607,998 24,900,000
−Removed: September 1 to September 30, 2022 346,249 5.5638 346,249 23,000,000
−Removed: (1) The amounts represent the amount available to repurchase shares under the authorized repurchase program as of September 30, 2022.
−Removed: Our stock repurchase program does not obligate it to acquire any specific number of shares.
+Added: We did not repurchase shares during the three months ended March 31, 2023.
+Added: As of March 31, 2023, we had $50.0 million available for repurchase under the December 2022 Stock Repurchase Program.
The exhibits listed in the accompanying “Exhibit Index” are filed or incorporated by reference as part of this Form 10-Q.
−Removed: Number Exhibit Description Incorporated by Reference
−Removed: Form File No.
−Removed: Exhibit Filing Date
+Added: Exhibit Description
+Added: Incorporated by Reference
Amended and Restated Bylaws of Immersion Corporation, effective as of August 12, 2022
−Removed: 8-K 000-38334 3.1 August 15, 2022
+Added: August 15, 2022
Amended and Restated Certificate of Incorporation of Immersion Corporation
−Removed: 8-K 000-27969 3.1 June 7, 2017
Certificate of Designation of the Powers, Preferences and Rights of Series A Redeemable Convertible Preferred Stock
−Removed: 8-K 000-27969 3.1 July 29, 2003
+Added: July 29, 2003
Amended and Restated Certificate of Designations of Series B Participating Preferred Stock of Immersion Corporation
−Removed: 8-K 000-27969 3.1 November 17, 2021
−Removed: ** Change of Control and Severance Agreement, dated May 26, 2022, by and between the Company and Eric Singer
−Removed: ** Change of Control and Severance Agreement, dated May 26, 2022, by and between the Company and William C.
−Removed: ** Change of Control and Severance Agreement, dated May 26, 2022, by and between the Company and Francis Jose
−Removed: * Certification of Francis Jose, Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
+Added: November 17, 2021
+Added: Amended and Restated Change of Control and Severance Agreement, dated January 3, 2023, between Immersion Corporation and Eric Singer
+Added: January 3, 2023
+Added: Separation Agreement, dated March 30, 2023 by and between Francis Jose and Immersion Corporation Change of Control and Severance Agreement, dated May 26, 2022, by and between the Company and Francis Jose
+Added: March 30, 2023
+Added: Amended and Restated Immersion Corporation 2021 Equity Incentive Plan
+Added: Certification of Eric Singer, Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
Certification of Aaron Akerman, Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
−Removed: + Certification of Francis Jose, Chief Executive Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
+Added: Certification of Eric Singer, Chief Executive Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
Certification of Aaron Akerman, Chief Financial Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: 101.INS * XBRL Report Instance Document
−Removed: 101.SCH * XBRL Taxonomy Extension Schema Document
−Removed: 101.CAL * XBRL Taxonomy Calculation Linkbase Document
−Removed: 101.DEF * XBRL Taxonomy Extension Definition Linkbase Document
−Removed: 101.LAB * XBRL Taxonomy Label Linkbase Document
−Removed: 101.PRE * XBRL Presentation Linkbase Document
+Added: XBRL Report Instance Document
+Added: XBRL Taxonomy Extension Schema Document
+Added: XBRL Taxonomy Calculation Linkbase Document
+Added: XBRL Taxonomy Extension Definition Linkbase Document
+Added: XBRL Taxonomy Label Linkbase Document
+Added: XBRL Presentation Linkbase Document
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
2 unchanged sentences
Management Contract
−Removed: Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: November 14, 2022
+Added: Pursuant to the requirements of the Exchange Act, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
IMMERSION CORPORATION
−Removed: By / S / AARON AKERMAN
+Added: / S / AARON AKERMAN
Aaron Akerman
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.