Filing Summary
Registrant: Xperi Holding Corporation, although the request metadata identifies Adeia Inc. The filing is a Form 8-K dated February 2, 2022, filed February 4, 2022, under Item 5.02 regarding executive compensation arrangements.
Business Context and Reporting Period
The filing reports compensation changes approved by the Compensation Committee on February 2, 2022, effective March 1, 2022. It does not provide quarterly or annual operating results.
Financial Metrics and Liquidity
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, balance sheet data, or other operating metrics.
Material Changes
- Robert Andersen, Chief Financial Officer: base salary increased from $410,000 to $435,000.
- Geir Skaaden, Chief Product and Services Officer: base salary increased from $410,000 to $450,000.
- Matt Milne, Chief Revenue Officer: target annual incentive cash bonus increased from 75% to 80% of base salary.
Outlook, Risks, and Unusual Items
The filing provides no guidance, management outlook, risk updates, contingencies, or unusual financial items. The compensation changes may increase executive compensation expense, but the filing does not quantify the expected financial impact.
Key Facts to Verify
- Confirm the applicable registrant, because the filing identifies Xperi Holding Corporation rather than Adeia Inc.
- Verify that all compensation changes became effective March 1, 2022.
- Assess the effect of the salary and incentive changes in subsequent proxy statements and financial filings.
- Review subsequent filings for any changes to the named executives’ roles or compensation arrangements.