Business: Xperi is a technology company that develops software solutions and has the following four main business segments.
Rubric is a deep value, long/short investor that will become active in situations that require it.
The problem is a culture that is not focused on shareholder value.
Accordingly, Rubric Capital nominated Conrad and Lacey for election as directors to the company's board at Xperi's 2024 annual meeting.
There is a big difference between settling for two additional directors on a seven-person board and replacing two incumbent directors on a five-person board.
Persons:
Xperi, David Rosen, Rosen, Tobii, Conrad, Lacey, Ken Squire
Organizations:
Smart, TiVo, SAC Capital, Tobii, 13D
Locations:
New York, Swedish