On May 7, 2024, Xperi Inc. released a letter in which Director Christopher Seams expresses his support for the Xperi Inc. director nominees, highlights their contributions to Xperi?s multi-year transformation and contrasts their expertise in software development, technology, audio-visual technologies, and content monetization with Rubric?s nominees? lack of experience in these critical areas. Further, Christopher Seams stated that Rubric capital is wrong to oppose the re-election of Darcy and Dave.

The election of Rubric?s substitute candidates (one of whom, Tom Lacey, I know reasonably well) would be a mistake.