UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 18, 2007
IMMERSION CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware 000-27969 94-3180138
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
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801 Fox Lane
San Jose, California 95131
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (408) 467-1900
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On June 19, 2007, Immersion Corporation ("Immersion") announced that it has been
sued by Microsoft Corporation ("Microsoft") in the United States District Court
for the Western District of Washington. The complaint alleges that Immersion has
breached its sublicense agreement dated July 25, 2003 with Microsoft and seeks
damages, specific performance, declaratory judgment and attorneys fees and
costs. Under Immersion's sublicense agreement with Microsoft, in the event of a
settlement with Sony Computer Entertainment, Immersion is obligated to pay
Microsoft a minimum of $15.0 million for any amounts received from Sony up to
$100.0 million, plus 25% of any amounts over $100.0 million up to $150.0
million, and 17.5% of any amounts over $150.0 million.
Immersion believes that it is not obligated under the sublicense agreement with
Microsoft to make any payment to Microsoft relating to the conclusion of its
litigation with Sony Computer Entertainment. Immersion intends to defend this
lawsuit vigorously.
A copy of the press release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Description
No.
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99.1 Press release dated June 19, 2007 issued by Immersion Corporation
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
IMMERSION CORPORATION
Date: June 19, 2007 By: /s/ Victor A. Viegas
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Victor A. Viegas
President and Chief Executive Officer
Exhibit Index
Exhibit Description
No.
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99.1 Press release dated June 19, 2007 issued by Immersion Corporation