Management Change/Compensation (Form 8-K)

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 21, 2025, the Compensation Committee (the "Committee") of the Board of Directors (the "Board") of Xperi Inc. (the "Company") approved a new Annual Bonus Plan of the Company ("ABP") which provides for annual cash incentive awards to executive officers of the Company, subject to pre-determined performance criteria established by the Committee. The 2025 target bonus amounts under the ABP for its named executive officers will be weighted as follows: (i) with respect to Jon Kirchner, the Company's Chief Executive Officer, and Robert Andersen, the Company's Chief Financial Officer, 100% based on the Company's financial performance against its performance bonus plan for executive officers, and (ii) with respect to Geir Skaaden, the Company's Chief Products and Services Officer, 60% based on the Company's financial performance and 40% based on the achievement of certain operating objectives. The target bonus amount for each of the named executive officers was not changed.

Awards to certain executive officers under the ABP are subject to the Company's clawback policy and any other compensation recovery policy adopted by the Board including in response to the requirements of Section 10D of the Securities Exchange Act of 1934, as amended, the final rules of the U.S. Securities and Exchange Commission thereunder, and any applicable listing rules or other rules and regulations implementing the foregoing or as otherwise required by law.