xper-8k_20200728.htm
false Xperi Holding Corp 0001803696 0001803696 2020-07-28 2020-07-28

 

 

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): July 28, 2020

 

XPERI HOLDING CORPORATION

(Exact name of Registrant as Specified in its Charter)

 

Delaware

 

001-39304

 

84-4734590

(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:

 

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.

 

2020 Base Salary and Bonus

 

On July 28, 2020, the Compensation Committee (the “Committee”) of the Board of Directors of Xperi Holding Corporation (the “Company”) approved the following annual base salary and incentive cash bonus targets for the Company’s executive officers who were named executive officers (“NEOs”) of Xperi Corporation (“Xperi”) and TiVo Corporation (“TiVo”) as disclosed in the respective Annual Reports on Form 10-K of Xperi and TiVo filed in 2020 prior to the consummation of the merger between Xperi and TiVo on June 1, 2020,  indicated below:

 

Name

Title

Base Salary

Target Bonus as % of Base Salary

Jon Kirchner

Chief Executive Officer

$670,000

100%*

Robert Andersen

Chief Financial Officer

 

$410,000

75%*

Geir Skaaden

Chief Products and Services Officer

 

$410,000

75%*

Paul Davis

Chief Legal Officer and Corporate Secretary

$395,000

55%*

Matthew Milne

Chief Revenue Officer

$445,000*

75%

 

*Reflects no change from prior base salary or target bonus.

 

.

 

 


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: July 31, 2020

 

 

Xperi HOLDING corporation

 

 

 

 

 

 

 

 

 

By:

 

/s/ Robert Andersen

 

 

 

Name:

 

Robert Andersen

 

 

 

 

 

 

 

 

 

Title:

 

Chief Financial Officer