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Latham & Watkins Advises Xperi in Successful Proxy Contest Resulting in Incumbent Director Re-Elections

June 3, 2024
Members of the firm’s Shareholder Activism & Takeover Defense and Public Company & Board Representation Practices represented the entertainment technology company.

Xperi Inc. (NYSE: XPER) (the Company or Xperi), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, has announced the preliminary results of its 2024 Annual Meeting of Stockholders, as provided to the Company by its proxy solicitor. The preliminary results indicate stockholders have re-elected all five of the Company’s incumbent directors: Darcy Antonellis, Laura J. Durr, David C. Habiger, Jon E. Kirchner, and Christopher Seams.

Latham & Watkins LLP represented Xperi in the Company’s 2024 proxy contest with a corporate team led by Bay Area partner Josh Dubofsky, Global Co-Chair of the firm’s Shareholder Activism & Takeover Defense Practice, and New York partner Jenna Cooper, Global Vice Chair of the firm’s Public Company & Board Representation Practice, with associates Kate Pritchard, Brianna Dollinger, Drew O’Sullivan, and Samantha Daisy. Advice was provided on executive compensation and benefits matters by San Diego partner Holly Bauer and on securities matters by Washington, D.C. partner Michele Anderson.