On October 1, 2022, Xperi Inc. completed its separation from Xperi Holding Corporation (renamed Adeia Inc.) and became an independent company which currently trades on the NYSE under the ticker symbol XPER.
The Xperi Holding Corporation Board of Directors believed that separating the product business from the IP licensing business (the “Spin-off”) would provide both companies with a number of potential opportunities and benefits, such as: (1) enabling the respective management teams to adopt strategies and pursue objectives specific to their businesses; (2) improving operational and strategic flexibility, particularly in dealing with suppliers and customers; (3) eliminating competing priorities for capital allocation between the product and IP licensing businesses; (4) simplifying how investors evaluate each business, streamlining the investment profiles of both businesses; and (5) improving access to talent by allowing each company to capitalize on their distinct cultures and recruitment strategies.
Xperi has built a powerful portfolio of best-in-class entertainment technology brands such as TiVo®, DTS®, IMAX Enhanced® and HD Radio™, which it will leverage to accelerate its media platform business by pursuing engagement-based, recurring advertising, and data analytics revenue. Xperi’s independent media platform, TiVo OS, provides a global content provider scale, a profitable partnership model, and an award-winning, content-first experience where live TV and streaming services are fully integrated and personalized in a way that makes it easy to find, watch, and enjoy content across a siloed ecosystem.
Xperi Inc.’s transfer agent is:
Computershare Trust Company, Inc. 462 South 4th Street, Suite 1600 Louisville, KY 40202 (800) 962-4284 (781) 575-3120 www.computershare.com
PricewaterhouseCoopers, LLP
Xperi's fiscal year-end is December 31.
The company's corporate office is located at:
Xperi Inc. 2190 Gold Street San Jose, CA 95002 (408) 470-4500