On April 17, 2024, Rubric Capital Management LP filed definitive proxy statement with the Securities and Exchange Commission in connection with its nomination of Thomas A. Lacey and Deborah S. Conrad for election to Xperi?s Board of Directors at the Company?s 2024 Annual Meeting of Stockholders to be held on May 24, 2024. Rubric Capital stated that it has issued a letter to the Company stockholders outlining the urgent need for change at the Company in order to reverse its history of underperformance and poor decisions under the incumbent Board and drive long-term stockholder value. Rubric Capital highlighted poor operational performance, egregious executive compensation and reckless capital allocation under incumbent board.