SEC Form 8-K Summary
Business Context and Reporting Period
The filing is a current report by Xperi Holding Corporation, now identified in the request metadata as Adeia Inc. The report date was December 30, 2021, with the filing signed and accompanied by a press release on January 4, 2022. The filing concerns a board appointment and does not report quarterly or annual financial results.
Material Event
- Effective December 30, 2021, the board appointed Tonia O’Connor as a director upon the recommendation of the Nominating and Governance Committee.
- Ms. O’Connor previously served as CEO of Chopra Global and as President and Chief Revenue Officer of Univision Communications. She also held an executive sales and marketing role at Gemstar TV Guide.
- She will receive compensation as a non-employee director under the company’s established director compensation arrangements.
- The company expected to enter into a customary director and officer indemnification agreement with Ms. O’Connor.
- A January 4, 2022 press release announcing the appointment was filed as Exhibit 99.1.
Financial Metrics, Liquidity, and Outlook
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, or other financial performance metrics. It also does not provide management’s financial outlook or identify financial contingencies.
Risks and Unusual Items
The principal disclosed item is the addition of a new independent, non-employee director and the related compensation and indemnification arrangements. No material litigation, contingencies, restructurings, or unusual financial items are disclosed.
Important Facts to Verify
- Verify the issuer’s corporate name: the filing identifies the registrant as Xperi Holding Corporation, while the request metadata identifies Adeia Inc.
- Verify the effective appointment date of December 30, 2021 and the filing-related announcement date of January 4, 2022.
- Review the company’s proxy statement for the applicable non-employee director compensation terms.
- Review Exhibit 99.1 and the referenced indemnification agreement form for additional details.