Immersion Management

Management criteria checks 2/4

Immersion's CEO is Eric Singer, appointed in Jan 2023, has a tenure of 1.33 years. total yearly compensation is $3.90M, comprised of 23% salary and 77% bonuses, including company stock and options. directly owns 4.24% of the company’s shares, worth €9.02M. The average tenure of the management team and the board of directors is 2.4 years and 2.4 years respectively.

Key information

Eric Singer

Chief executive officer

US$3.9m

Total compensation

CEO salary percentage	23.0%
CEO tenure	1.3yrs
CEO ownership	4.2%
Management average tenure	2.4yrs
Board average tenure	2.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Eric Singer's remuneration changed compared to Immersion's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$4m	US$898k	US$34m
Sep 30 2023	n/a	n/a	US$38m
Jun 30 2023	n/a	n/a	US$43m
Mar 31 2023	n/a	n/a	US$34m
Dec 31 2022	US$7m	US$553k	US$31m
Sep 30 2022	n/a	n/a	US$12m
Jun 30 2022	n/a	n/a	US$8m
Mar 31 2022	n/a	n/a	US$16m
Dec 31 2021	US$1m	US$287k	US$12m
Sep 30 2021	n/a	n/a	US$19m
Jun 30 2021	n/a	n/a	US$18m
Mar 31 2021	n/a	n/a	US$12m
Dec 31 2020	US$216k	n/a	US$5m

Compensation vs Market: Eric's total compensation ($USD3.90M) is above average for companies of similar size in the German market ($USD695.40K).

Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.

CEO

Eric Singer (50 yo)

1.3yrs

Tenure

US$3,902,821

Compensation

Mr. Eric Brandon Singer serves as Chief Compliance Officer of Viex Capital Advisors, LLC. He has been an Independent Director of Universal Electronics Inc. since December 2023. He had been Director of Velo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Eric Singer	CEO, President & Chairperson	1.3yrs	US$3.90m	4.24% $ 9.0m
James Dodson	CFO & Treasurer	less than a year	US$629.03k	no data
William Martin	Chief Strategy Officer & Director	2.4yrs	US$1.63m	2.81% $ 6.0m
Leonard Wood	Chief Accounting Officer	4.8yrs	US$309.06k	no data
Sophie Laval	Head of Human Resources	4.3yrs	no data	no data

2.4yrs

Average Tenure

56yo

Average Age

Experienced Management: IMV's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eric Singer	CEO, President & Chairperson	4.2yrs	US$3.90m	4.24% $ 9.0m
William Martin	Chief Strategy Officer & Director	4.8yrs	US$1.63m	2.81% $ 6.0m
Elias Nader	Lead Independent Director	2.2yrs	US$209.32k	0.15% $ 311.9k
Frederick Wasch	Independent Director	2.4yrs	US$247.68k	0.20% $ 435.5k
Emily Hoffman	Independent Director	1.2yrs	US$163.86k	0.24% $ 504.9k

2.4yrs

Average Tenure

50yo

Average Age

Experienced Board: IMV's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Immersion Management

Management criteria checks 2/4

Key information

Recent management updates

Immersion Corporation, Annual General Meeting, Apr 29, 2024

Lead Independent Director recently sold €98k worth of stock

Immersion Corporation, Annual General Meeting, Mar 30, 2023

Executive Chairperson recently bought €139k worth of stock

Chief Strategy Officer & Director recently bought €627k worth of stock

Chief Strategy Officer & Director recently bought €627k worth of stock

Recent updates

Immersion Corporation, Annual General Meeting, Apr 29, 2024

Upcoming dividend of US$0.045 per share

Lead Independent Director recently sold €98k worth of stock

Fourth quarter dividend of US$0.045 announced

Immersion Corporation Announces Quarterly Dividend, Payable on April 19, 2024

Full year 2023 earnings released: EPS: US$1.06 (vs US$0.92 in FY 2022)

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

Immersion Corporation Increases Quarterly Dividend, Payable on January 25, 2024

Third quarter 2023 earnings released: EPS: US$0.082 (vs US$0.23 in 3Q 2022)

Immersion Corporation to Report Q3, 2023 Results on Nov 13, 2023

Upcoming dividend of US$0.03 per share at 1.8% yield

New major risk - Revenue and earnings growth

New major risk - Earnings quality

Second quarter 2023 earnings released: EPS: US$0.22 (vs US$0.054 loss in 2Q 2022)

Upcoming dividend of US$0.03 per share at 1.7% yield

Immersion Corporation Declare Third Quarterly Dividend, Payable on July 28, 2023

First quarter 2023 earnings released: EPS: US$0.25 (vs US$0.15 in 1Q 2022)

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of US$0.03 per share at 1.5% yield

Full year 2022 earnings released: EPS: US$0.92 (vs US$0.40 in FY 2021)

Immersion Corporation (NasdaqGS:IMMR) announces an Equity Buyback for $50 million worth of its shares.

Immersion Corporation, Annual General Meeting, Mar 30, 2023

Executive Chairperson recently bought €139k worth of stock

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: US$0.23 (vs US$0.12 in 3Q 2021)

Immersion Corporation Approves Quarterly Cash Dividend, Will Be Paid on January 30, 2023

Immersion Corporation to Report Q3, 2022 Results on Nov 14, 2022

Chief Strategy Officer & Director recently bought €627k worth of stock

Chief Strategy Officer & Director recently bought €627k worth of stock

Second quarter 2022 earnings released: US$0.054 loss per share (vs US$0.17 profit in 2Q 2021)

Chief Strategy Officer & Director recently bought €319k worth of stock

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: US$0.15 (vs US$0.071 in 1Q 2021)

High number of new and inexperienced directors

Immersion Corporation to Report Q1, 2022 Results on May 12, 2022

Immersion Corporation, Annual General Meeting, May 23, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Immersion Corporation (NasdaqGS:IMMR) announces an Equity Buyback for $30 million worth of its shares.

Immersion Corporation to Report Q4, 2021 Results on Feb 24, 2022

Executive Chairperson recently bought €660k worth of stock

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS US$0.12 (vs US$0.11 in 3Q 2020)

Investor sentiment improved over the past week

Interim Chief Executive Officer & Vice President of Worldwide Sales Jared Smith has left the company

Second quarter 2021 earnings released: EPS US$0.17 (vs US$0.026 loss in 2Q 2020)

Immersion Corporation(NasdaqGS:IMMR) dropped from Russell 2000 Dynamic Index

Immersion Corporation(NasdaqGS:IMMR) dropped from Russell 2000 Defensive Index

General Counsel and Senior VP of IP Licensing & Legal Affairs has left the company

First quarter 2021 earnings released: EPS US$0.071 (vs US$0.16 loss in 1Q 2020)

CFO & Treasurer recently sold €66k worth of stock

Full year 2020 earnings released: EPS US$0.19 (vs US$0.64 loss in FY 2019)

Revenue beats expectations

Immersion Corporation and StrikerVR to Collaborate on Advanced Haptic Peripherals for VR and Gaming

Immersion Corporation Signs Multi-Year License Agreement with Woory Industrial Co. Ltd

New 90-day high: €13.00

Immersion Corporation to Report Q4, 2020 Results on Mar 04, 2021

Faurecia and Immersion Partner for Haptic Automotive Technologies

New 90-day high: €11.00

New 90-day high: €7.55

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.11

Immersion Corporation Announces Management Changes

New 90-day low: €5.55

Immersion Corporation Announces Partnership with ANA Avatar XPRIZE to Support Competing Teams in Developing Physical Avatar Systems

Immersion Corporation to Report Q3, 2020 Results on Nov 05, 2020

Immersion Signs LG Electronics to a Multi-Year Renewal License for TouchSense® Software

President recently sold €69.8k worth of stock

New 90-day high - €8.05