VIEX Capital Advisors’ Agreement with Immersion Corporation for Additional Board Seat

Olshan client VIEX Capital Advisors, LLC has entered into a cooperation agreement with Immersion Corporation.

Pursuant to the agreement, the company agreed to nominate to its Board of Directors, and Immersion and VIEX agreed to support the election of, a new independent director at Immersion’s 2018 annual meeting of stockholders.

Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia.

Viex Capital Advisors, LLC provides investment management services. The Company offers portfolio management, asset protection, retirement income, financial planning, and consulting services.

The Olshan team that advised VIEX Capital included Steve Wolosky (Picture) and Elizabeth Gonzalez-Sussman.

Involved fees earner: Steve Wolosky – Olshan Frome Wolosky LLP; Elizabeth Gonzalez-Sussman – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: Viex Capital Advisors, LLC;

Author: Ambrogio Visconti