here's the filing. Daniel Chavez, Immersion’s Senior Vice President and General Manager of the Medical Line of Business, leaving as well. No mention of any relationship with the ongoing investigation:
(b)
On July 31, 2009, Stephen M. Ambler, Principal Financial Officer, Chief Financial Officer and Vice-President, Finance of Immersion Corporation (“Immersion”), resigned from his employment with Immersion. Immersion agreed to pay Mr. Ambler approximately $105,000, representing six months of his current base salary. In addition, Immersion agreed to pay him six months of COBRA payments and to extend the exercise period of his currently-vested stock options.
Immersion is currently undergoing a search for a permanent Chief Financial Officer. In the interim, Immersion has retained an outside consultant to assist in managing its finance and accounting organization.
(e)
Reference is made to the severance arrangement for Mr. Ambler described above.
Item 8.01 Other Events
Daniel Chavez, Immersion’s Senior Vice President and General Manager of the Medical Line of Business, will resign from Immersion effective August 7, 2009.
Posts
No comments:
Post a Comment