Brief: Viex Opportunities Fund Says On July 25 Series One Delivered Letter To Immersion Demanding Inspection Of Some Of Its Books And Records

Immersion

29/07/2019 14:57

July 29 (Reuters) - Immersion Corp  IMMR.O :
    * VIEX OPPORTUNITIES FUND- ON JULY 25 SERIES ONE DELIVERED
LETTER
TO IMMERSION CORP DEMANDING INSPECTION OF SOME OF ITS BOOKS AND
RECORDS - SEC FILING
    * VIEX OPPORTUNITIES FUND - SERIES ONE HAS CONCERNS
DIRECTORS
JONATHAN VISBAL & SID GANIS DO NOT HAVE RELEVANT EXPERIENCE IN
IMMERSION'S INDUSTRY
    * VIEX OPPORTUNITIES FUND - SERIES ONE HAS CONCERNS
DIRECTORS
VISBAL & GANIS MAY NOT ACT INDEPENDENTLY DUE TO PAST
RELATIONSHIP WITH IMMERSION'S CEO
    * VIEX OPPORTUNITIES-SERIES ONE BELIEVES DECISION TO
NOMINATE
DIRECTORS AT IMMERSION'S MEETING NOT PRODUCT OF "DISINTERESTED"
CORPORATE DECISION MAKING

Source text: (https://bit.ly/2JZa5eK)
Further company coverage:  IMMR.O 

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