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IMMR > SEC Filings for IMMR > Form 8-K on 5-Feb-2009All Recent SEC Filings

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Form 8-K for IMMERSION CORP


5-Feb-2009

Entry into a Material Definitive Agreement


Item 1.01 Entry into a Material Definitive Agreement.

On January 15, 2009, Immersion Corporation (the "Company") entered into a Second Amendment to Lease (the "Amendment") with The Irvine Company LLC, as successor-in-interest to WW&LJ Gateways, Ltd. (the "Landlord"), pursuant to which the Company agreed to extend the term of its lease for the property located at 801 Fox Lane, San Jose, California until June 30, 2014. The basic rent for the extended term of the lease is as follows: (a) commencing July 1, 2010, the basic rent will be $41,948 per month; (b) commencing July 1, 2011, the basic rent will be $43,855 per month; (c) commencing July 1, 2012, the basic rent will be $45,285 per month; and (d) commencing July 1, 2013, the basic rent will be $47,191 per month. In addition, under the Amendment, the Landlord has agreed to fund up to $476,680.00 in tenant improvements for the premises.

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.

Date: February 5, 2009 IMMERSION CORPORATION

By: /s/ Stephen M. Ambler
Stephen M. Ambler Chief Financial Officer and Vice President, Finance

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