On May 16, 2024, Rubric Capital Management LP sent a letter to Xperi Inc. stockholders urging them to reject the status quo of value destruction under the current Board of Directors by replacing incumbent directors David Habiger and Darcy Antonellis with Rubric Capital?s nominees, Thomas A. Lacey and Deborah S. Conrad, at the Company?s annual meeting of stockholders, which is scheduled to be held on May 24, 2024.