Glass Lewis recommended in favor of all five of Xperis director nominees as well, stating:
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Rubrics case against the status quo
falls short here.
[W]e believe full support for the
incumbent board is warranted. |
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[W]e ultimately do not [believe Rubric] has
presented an adequately comprehensive case for change,
nor do we find there is adequate cause to conclude Rubrics alternate nominees or promulgated path for Xperi are likely to result in a superior outcome
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Commenting on the recommendations of all the major U.S. proxy advisory firms, the Board said, We welcome the recommendations from Egan-Jones, Glass
Lewis and ISS that Xperi stockholders should vote for all five of Xperis director nominees. The Board continued, receiving unanimous support from all three leading U.S. proxy advisory firms reinforces our confidence in our strategy
and serves as a strong endorsement of the actions the Board and leadership team have taken to transform the Company for sustainable, profitable growth.
The Board urges stockholders to vote FOR all five of Xperis skilled and experienced director candidates, and WITHHOLD on
Rubrics two candidates, using the BLUE proxy card.
Stockholders who have any questions or need assistance voting their shares should contact
the Companys proxy solicitor Morrow Sodali at (203) 658-9400 or XPER@info.morrowsodali.com.
About Xperi
Inc.
Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (DTS®, HD Radio, TiVo®), and by its startup, Perceive, are integrated into billions
of consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences, including IMAX® Enhanced, a certification and licensing program
operated by IMAX Corporation and DTS, Inc. Xperi has created a unified ecosystem that reaches highly engaged consumers, driving increased value for partners, customers and consumers.
©2024 Xperi Inc. All Rights Reserved. Xperi, TiVo, DTS, HD Radio, DTS
Play-Fi, Perceive and their respective logos are trademark(s) or registered trademark(s) of Xperi Inc. or its subsidiaries in the United States and other countries. IMAX is a registered trademark of IMAX
Corporation. All other trademarks and content are the property of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements
contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding: expectations regarding our future results of operations and
financial position, objectives for future operations, and ongoing strategies. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Companys current expectations, assumptions,
estimates and projections that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words expect, anticipate, intend, plan, believe,
could, seek, see, will,