Brief: Immersion Reaches Agreement With Viex Capital Advisors For Board Refreshment

Immersion

05/03/2020 22:57

March 5 (Reuters) - Immersion Corp  IMMR.O :
    * IMMERSION REACHES AGREEMENT WITH VIEX CAPITAL ADVISORS,
LLC FOR
BOARD REFRESHMENT AND FORMATION OF STRATEGY COMMITTEE
    * IMMERSION CORP - UNDER TERMS OF AGREEMENT, IMMERSION HAS
AGREED
TO APPOINT STEPHEN DOMENIK, FRANZ FINK, AND ERIC SINGER TO BOARD
    * IMMERSION CORP - UNDER TERMS OF AGREEMENT, IMMERSION WILL
HOLD
ITS 2020 ANNUAL MEETING BY JUNE 30, 2020 AND WILL NOMINATE
MESSRS
    * IMMERSION CORP - DEAL WITH VIEX CAPITAL ADVISORS, LLC AND
ITS
AFFILIATES, WHICH, IN AGGREGATE, BENEFICIALLY OWN ABOUT 11.8% OF
IMMERSION'S SHARES

Source text for Eikon:  ID:nBw22vgP6a 
Further company coverage:  IMMR.O 

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