xper-8k_20191016.htm
false 0001690666 0001690666 2019-10-16 2019-10-16

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 16, 2019

 

XPERI CORPORATION

(Exact name of Registrant as Specified in its Charter)

 

Delaware

 

001-37956

 

81-4465732

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

3025 Orchard Parkway

San Jose, California 95134

(Address of Principal Executive Offices, including Zip Code)

(408) 321-6000

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock (par value $0.001 per share)

XPER

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

 

 

 


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 16, 2019, Xperi Corporation (the “Company”) entered into a new severance agreement and a new change in control severance agreement with Murali Dharan, the President of Tessera Intellectual Property Corp. These agreements, which have a term of two years, extend and replace the previous agreements between the Company and Mr. Dharan, which expired on the same date in accordance with their terms. The new agreements are identical, in form and content, to the agreements entered into with the Company’s other executive officers Robert Andersen, Geir Skaaden, and Paul Davis, as described in the Company’s Current Report on Form 8-K filed February 25, 2019 (the “Prior Form 8-K”). The description of the agreements contained in the Prior Form 8-K is incorporated herein by reference, and is qualified in its entirety by the full forms of severance and change in control severance agreements filed as exhibits to the Company’s Quarterly Report on Form 10-Q for the quarter ending March 31, 2019.

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: February 18, 2020

 

 

Xperi corporation

 

 

 

 

 

 

 

 

 

By:

 

/s/ Robert Andersen

 

 

 

Name:

 

Robert Andersen

 

 

 

 

 

 

 

 

 

Title:

 

Executive Vice President and Chief Financial Officer