Xperi Gets Director Nominations From Rubric Capital -- Shares Up-February 2024-www.financetom.com

Xperi Gets Director Nominations From Rubric Capital -- Shares Up

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Xperi Gets Director Nominations From Rubric Capital -- Shares Up

Mar 11, 2024 1:41 PM

04:24 PM EDT, 03/11/2024 (MT Newswires) -- Xperi ( XPER ) received names of two director candidates as disclosed by activist investors Rubric Capital Management in a regulator filing Monday.

Rubric nominated Thomas A. Lacey and Deborah S. Conrad for election to the board. Rubric managing partner David Rosen said in the proxy filing that while Xperi ( XPER ) has assembled an attractive business with significant monetization opportunities, its board has "squandered" that potential.

Rubric now owns about about 9% of Xperi ( XPER ) stock, based on 44.3 million shares outstanding.

Xperi ( XPER ) shares closed nearly 2% higher during regular trading hours Monday.

Price: 11.12, Change: -0.02, Percent Change: -0.18

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