Carl Schlachte is the former CEO of Immersion Corporation, where he led the company from November 2017 until August 2018. He earned his Bachelor of Science degree from Clemson University and has a solid background in management. Over his time...

Carl Schlachte is the former CEO of Immersion Corporation, where he led the company from November 2017 until August 2018. He earned his Bachelor of Science degree from Clemson University and has a solid background in management. Over his time at Immersion, Schlachte's compensation faced notable challenges; in 2018, his total earnings were just $175,428, mainly his salary, because he didn't participate in any bonus plans due to performance metrics not being met. A significant aspect of his tenure was that he received a large retention stock option grant valued at over $1 million, which he forfeited upon his resignation. Interestingly, his insider trading activities showed fluctuations, with significant transactions occurring monthly. For instance, he recorded a high of $368,970 in February 2021, indicating a keen engagement with the company's stock performance. These activities may reflect on his commitment to the company and its shareholders, despite having a turbulent compensation trail during his time as CEO.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Immersion Corporation CEOs

I

Carl Schlachte

Ex-CEO of Immersion Corporation

Education

B.S. from Clemson University

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

January 1, 1958 - 67 years ago

CEO of Immersion Corporation for

0 years 8 months (Nov 2017 - Aug 2018)

Previous Experience

Chairman of the Board of Directors at Immersion and CEO of Ventiva, Inc.

Rivals

Competitors/colleagues of Carl Schlachte

Holdings

See how much did Carl Schlachte make over time.

Carl Schlachte's trading history shows active engagement with Immersion Corporation's stock. For example, in October 2021, he reported a notable insider trading transaction valued around $368,970. Fluctuations are evident in his trading values, which ranged widely over the years. At...

Carl Schlachte's trading history shows active engagement with Immersion Corporation's stock. For example, in October 2021, he reported a notable insider trading transaction valued around $368,970. Fluctuations are evident in his trading values, which ranged widely over the years. At peak times, like January 2021, his transactions reached over $353,000, suggesting a solid interest in the company's future. Conversely, in early 2022, values dipped to around $138,000. Recently, he has maintained consistent trading values around the $200,000 mark, indicating ongoing involvement with the stock as he sought to maximize his holdings. Overall, Schlachte’s trading history reflects his serious stake in Immersion Corp, with monthly transactions showcasing a dynamic approach to managing his investments over time.

Total Stock Sold

$204.81K

IMMR

$204.81K

19,231 IMMR shares

What if they kept their stock?

If Carl Schlachte didn't sell their stock, today they would have:
Extra IMMR19,231 shares worth $134.04K.
This is -34.55% and $70.77K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Carl Schlachte.

IMMR

$203.69K

IMMR at $10.59/share

Aug 5, 2014

Sale

IMMR

11,788 shares

IMMR

Jun 6, 2014

Received

IMMR

11,000 shares

IMMR

Jun 7, 2013

Received

IMMR

11,000 shares

IMMR

Jun 1, 2012

Received

IMMR

2,750 shares

IMMR

Mar 5, 2012

Received

Compensation History

See how much did Carl Schlachte make over time.

In 2018, Carl Schlachte's total compensation was just $175,428, a stark contrast to the more substantial $361,774 he received in 2017. His earnings in 2017 included a base salary and performance-related compensation which he didn't receive in 2018 due to unmet performance targets. It's notable that his compensation structure primarily consisted of salary, with no bonuses or vested stock awards since he forfeited a hefty retention stock grant upon resignation. This limited compensation reflects the challenges he faced leading the company amid transitional periods. Schlachte's compensation strategy aligns with executive standards, intended to link pay with performance, but he missed out on incentive opportunities, marking a tough transition for him at Immersion. The focus on salary over potential earnings through stock options is a telling aspect of the complexities in executive pay.

Year

2018

Total Compensation

$175.43K

Salary

$175.43K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and retention strategies, particularly during transitional periods.

Bonus

$0.00

Board Justification

No cash bonus was awarded for 2018 as Mr. Schlachte did not participate in the Executive Incentive Plan.

Other

$0.00

Board Justification

No other compensation was reported for Mr. Schlachte in 2018.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2018 as all retention RSUs were forfeited upon resignation.

Performance Metrics

Performance metrics were based on corporate financial objectives, but Mr. Schlachte did not participate in the incentive plan.

Other Immersion Corporation CEOs

Here are other CEOs of Immersion Corporation

Victor Viegas

Ex-CEO of Immersion Corporation

May 2008 - November 2017

Tom Lacey

CEO of Immersion Corporation

August 2018 - Present