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Stock impact report

Rubric Capital Management Issues Open Letter to Xperi Inc. Stockholders Regarding 2024 Annual Meeting Results [Yahoo! Finance]

Xperi Inc. (XPER) 
Last xperi inc. earnings: 11/2 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.xperi.com
Company Research Source: Yahoo! Finance
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 a result of Rubric's active engagement with the Company, the Board and management have made – or committed to making – several imp Show less Read more
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