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Activist hedge fund Rubric Capital has nominated two directors, Deborah S. Conrad and Thomas A. Lacey, for election to Xperi’s board at the company’s 2024 annual meeting. Rubric believes that Xperi, a technology company that develops software solutions, has the potential to enhance shareholder value through cost-cutting and strategic decisions. The firm has identified opportunities for Xperi to improve its profit margins and increase earnings before interest, taxes, depreciation, and amortization (EBITDA). Rubric also highlights the need for board refreshment and a change in the company’s culture to focus on shareholder value.

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