Brief: Immersion Corp Says Board Approved A 10% Reduction In Base Salaries Of Co's Executive Officers

Immersion

07/04/2020 23:22

April 7 (Reuters) - Immersion Corp  IMMR.O :
    * IMMERSION CORP - ON APRIL 3, BOARD APPROVED A 10%
REDUCTION IN
BASE SALARIES OF CO'S EXECUTIVE OFFICERS
    * IMMERSION CORP - BOARD AGREED TO A 25% REDUCTION IN EACH
DIRECTOR'S CASH COMPENSATION FOR SERVICE ON BOARD AND EACH OF
ITS COMMITTEES
    * IMMERSION CORP -  TAKING A SIGNIFICANT REDUCTION IN
EXPENSES
    * IMMERSION CORP - SUSPENDING ITS MATCHING CONTRIBUTIONS IN
RELATION TO ITS 401(K) PROGRAM
    * IMMERSION CORP - IDENTIFIED ABOUT $3 MILLION IN ADDITIONAL
SAVINGS IN FISCAL 2020

Source: https://bit.ly/2yJhfkf
Further company coverage:  IMMR.O 

 ((Reuters.Briefs@thomsonreuters.com;))