Xperi Inc. Elects New Directors, Adjusts Executive Pay
Ticker: XPER · Form: 8-K · Filed: Jan 24, 2025 · CIK: 1788999
| Field | Detail |
|---|---|
| Company | Xperi Inc. (XPER) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Xperi adds 2 directors, inks new pay deals for CEO & CFO.
AI Summary
Xperi Inc. announced on January 21, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Mr. Jonathan L. Cohen and Ms. Elizabeth F. Hall, to its board, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Mr. Robert E. Lackey, and its Chief Financial Officer, Mr. Robert J. T. Anderson, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes, along with compensation adjustments, can introduce uncertainty regarding future strategic direction and operational execution.
Key Numbers
- January 21, 2025 — Effective Date (Date of earliest event reported)
Key Players & Entities
- Xperi Inc. (company) — Registrant
- Jonathan L. Cohen (person) — Newly Elected Director
- Elizabeth F. Hall (person) — Newly Elected Director
- Robert E. Lackey (person) — Chief Executive Officer
- Robert J. T. Anderson (person) — Chief Financial Officer
- Delaware (jurisdiction) — State of Incorporation
- 2190 Gold Street, San Jose, California 95002 (address) — Principal Executive Offices
FAQ
Who were the new directors elected to Xperi Inc.'s board?
Xperi Inc. elected Mr. Jonathan L. Cohen and Ms. Elizabeth F. Hall as new directors.
What is the effective date of the reported changes?
The earliest event reported is dated January 21, 2025.
What items are being reported in this 8-K filing?
This filing reports the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is Xperi Inc.'s principal executive office address?
Xperi Inc.'s principal executive offices are located at 2190 Gold Street, San Jose, California 95002.
What is the company's IRS Employer Identification Number?
The IRS Employer Identification Number for Xperi Inc. is 83-4470363.
Filing Stats: 587 words · 2 min read · ~2 pages · Grade level 14.1 · Accepted 2025-01-24 16:10:08
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share XPER New York Stock Excha
Filing Documents
- xper-20250121.htm (8-K) — 44KB
- 0000950170-25-008787.txt ( ) — 158KB
- xper-20250121.xsd (EX-101.SCH) — 25KB
- xper-20250121_htm.xml (XML) — 5KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 24, 2025 Xperi Inc. By: /s/ Robert Andersen Name: Robert Andersen Title: Chief Financial Officer