SEC Filing Summary
Business Context and Reporting Period
This Form 8-K was filed by Xperi Holding Corporation, not Adeia Inc., and reports an executive compensation action dated February 3, 2021. The report was signed on February 5, 2021. No operating or financial-period results are presented.
Financial Metrics and Liquidity
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating metrics.
Material Change
The Compensation Committee approved an increase in the annual base salary of Jon Kirchner, the Company’s Chief Executive Officer and President, from $670,000 to $750,000, effective March 1, 2021. This represents an increase of $80,000, or approximately 11.9%.
Outlook, Risks, and Unusual Items
The filing provides no guidance, outlook, management commentary, contingencies, or risk disclosures beyond the compensation change.
Key Facts to Verify
- Confirm that the intended issuer is Xperi Holding Corporation rather than Adeia Inc.; the filing identifies Xperi Holding Corporation as the registrant.
- Verify the effective date of the salary increase: March 1, 2021.
- Verify the reported salary levels of $670,000 before the increase and $750,000 after the increase.
- Review subsequent filings for additional changes to executive compensation or the company’s corporate structure.