Xperi: 3rd independent proxy advisory firm supports all Xperi board candidates

Xperi announced that a third independent proxy advisory firm, Egan-Jones Ratings Company has joined Institutional Shareholder Services and Glass, Lewis in recommending that Xperi stockholders vote “FOR” all of the Company’s director nominees on the BLUE proxy card ahead of the Company’s 2024 Annual Meeting of Stockholdersc, to be held on May 24. One of the Company’s stockholders, Rubric Capital Master Fund , has nominated two candidates to replace half the company’s independent directors on the Xperi Board of Directors . Following the same recommendation as ISS and Glass Lewis, Egan-Jones concluded that “change in leadership is unwarranted as it would disrupt the transformation that is currently underway,” and recommended that “voting FOR …nominees is in the best interest of the Company and its shareholders.” Specifically, Egan-Jones highlighted Xperi’s “compelling… transformation strategy”: “Since the Adeia spin-off in 2022, Xperi has experienced a significant shift… and has paved the way to capitalize on its core segments.”