−Removed: Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
Stock Repurchase Program
−Removed: On December 29, 2022, the Board approved the December 2022 Stock Repurchase Program, which terminated and superseded the stock repurchase program that had been approved by our Board on February 23, 2022.
−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 Exchange Act.
+Added: On December 29, 2022, our Board of Directors ( the “ Board” ) approved a stock repurchase program of up to $ 50.0 million of our common stock for a period of up to twelve months (the “December 2022 Stock Repurchase Program”), which terminated and superseded the stock repurchase program that had been approved by the Board on February 23, 2022.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 10 b 5 - 1 trading plans adopted in accordance with Rule 10 b 5 - 1 of the Securities Exchange Act of 1934 , as amended.
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.
The December 2022 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 our common stock and general market and economic conditions.
−Removed: 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.
+Added: 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 does not obligate us to repurchase any dollar amount or number of shares, and the program may be suspended or discontinued at any time.
On August 8, 2023, the Board approved an amendment to extend the expiration date of the December 2022 Stock Repurchase Program that was set to expire on December 29, 2023 to December 29, 2024 .
−Removed: We repurchased 898,757 shares of our common stock for $6.2 million at average purchase price of $6.86 per share during the nine months ended September 30, 2023.
−Removed: As of September 30, 2023, we had $43 .8 million available for repurchase under the December 2022 Stock Repurchase Program .
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid Per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)
−Removed: July 1 to July 31
−Removed: August 1 to August 31, 2023
−Removed: September 1 to September 30, 2023
−Removed: (1) The amounts represent the amount available to repurchase shares under the authorized repurchase program as of September 30, 2023.
−Removed: Our stock repurchase program does not obligate it to acquire any specific number of shares.
+Added: During 2023, we repurchased 1,217,774 shares of our common stock for $ 8.3 million at an average purchase price of $ 6.77 per share.
+Added: We did not repurchase any stock during the three months ended March 31, 2024.
+Added: As of March 31, 2024 , we had $ 41.7 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.
8 unchanged sentences
November 17, 2021
+Added: Patent License and Settlement Agreement, dated February 9, 2024, between Immersion Corporation and Meta Platforms, Inc.
Certification of Eric Singer, Chief Executive Officer, pursuant to Section 302 of the Sarbanes -Oxley Act of 2002.
4 unchanged sentences
Michael Dodson, Chief Financial Officer, pursuant to Section 906 of the Sarbanes -Oxley Act of 2002.
−Removed: XBRL Report Instance Document
−Removed: XBRL Taxonomy Extension Schema Document
−Removed: XBRL Taxonomy Calculation Linkbase Document
−Removed: XBRL Taxonomy Extension Definition Linkbase Document
−Removed: XBRL Taxonomy Label Linkbase Document
−Removed: XBRL Presentation Linkbase Document
+Added: Inline XBRL Report Instance Document
+Added: Inline XBRL Taxonomy Extension Schema Document
+Added: Inline XBRL Taxonomy Calculation Linkbase Document
+Added: Inline XBRL Taxonomy Extension Definition Linkbase Document
+Added: Inline XBRL Taxonomy Label Linkbase Document
+Added: Inline XBRL Presentation Linkbase Document
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
Filed herewith
+Added: Portions of this exhibit have been omitted as confidential information
This certification is deemed not filed for purposes of section 18 of the Exchange Act, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act, as amended, or the Exchange Act, as amended.
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.
−Removed: November 13, 2023
IMMERSION CORPORATION
4 unchanged sentences
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.