Rubric Capital Management Issues Open Letter to Xperi Inc. Stockholders Regarding 2024 Annual Meeting Results
Xperi Inc. (XPER)
Last xperi inc. earnings: 11/2 04:05 pm
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US:NASDAQ Investor Relations:
investor.xperi.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Rubric Capital Management LP (“Rubric”), an investment advisor whose managed funds and accounts collectively own approximately 9.0% of the outstanding shares of common stock of Xperi Inc. (NYSE: XPER) (“Xperi” or the “Company”), today issued the following open letter to Xperi’s stockholders regarding the preliminary results of the Company’s 2024 Annual Meeting of Stockholders (the “Annual Meeting”).Dear Fellow Stockholders,While we are disappointed by the results of the Annual Meeting, it is clear that a large number of Xperi stockholders voted to express their dissatisfaction with the performance of the Company. Indeed, with only slightly more than 50% of shares outstanding voting for the contested nominees, it is apparent this Board of Directors (the “Board”) no longer has a mandate to treat their positions as “lifestyle” appointments but will need to work to create value for stockholders with transparency and expediency.Further, we are pleased that as
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XPER
News
- Xperi Inc. (NASDAQ: XPER) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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XPER
Earnings
- 8/5/24 - Beat
XPER
Sec Filings
- 9/3/24 - Form 4
- 8/27/24 - Form 4
- 8/26/24 - Form 4
- XPER's page on the SEC website