Rubric Capital Management Releases Presentation Highlighting Urgent Need for Change to Address Underperformance at Xperi Inc.
Details Strategic, Operating and Compensation Failures Under the Current Board
Confident that Rubric’s Nominees Have the Experience and Skills Necessary to Execute Plan to Restore and Rebuild Stockholder Value
Urges Stockholders to Vote FOR Rubric’s Nominees
Rubric’s presentation can be found here.
The presentation highlights Rubric’s view of the current Board’s many failures, including:
-
Failing to properly allocate strategic capital, including as it relates to Perceive and
AutoSense ; - Failing to align pay with performance, instead granting excessive executive and stock-based compensation;
- Failing to adjust the Company’s cost structure post-spin off;
- Failing to execute against its 2022 Investor Day Goals; and
- Failing to take proactive steps to protect investors and position the Company for success absent stockholder intervention.
Rubric encourages Xperi stockholders to review the facts set forth in its presentation and to vote the WHITE proxy card “FOR” the election of
Vote the WHITE proxy card TODAY
If you have any questions, require assistance in voting your WHITE universal proxy card, or need additional copies of Rubric’s proxy materials, please contact our proxy solicitor
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