Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 20, 2022, in accordance with the Employee Matters Agreement dated
October 1, 2022 between Xperi Inc. and Adeia Inc. (f/k/a Xperi Holding
Corporation), the Compensation Committee of the Board of Directors of Xperi Inc.
established that the 2022 target bonus amounts for its named executive officers
will be weighted as follows: 75% based on Xperi Holding Corporation's
performance against its performance bonus plan for executive officers and key
employees for the first three quarters of fiscal year 2022, and 25% based on the
achievement of certain fourth quarter financial and business objectives of Xperi
Inc., including revenue targets, completion of certain post-spinout actions, and
key milestones relating to strategic growth initiatives.
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