Jeremi Gorman
XperiAbout Jeremi Gorman
Jeremi T. Gorman (age 47) has served as an independent director of Xperi Inc. since June 2024, and is a member of the Nominating and Corporate Governance Committee. She brings over 20 years of experience in digital media, marketing, advertising and entertainment, including executive roles at Netflix (President of Worldwide Advertising until October 2023), Snap (Chief Business Officer 2018–2022), and Amazon (Global Head of Enterprise Advertising Sales). She holds a B.A. from UCLA and an MBA from Pennsylvania State University, and since January 2025 has been Senior Advisor to the advertising division of Fanatics Holdings.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Netflix, Inc. | President of Worldwide Advertising; member of executive team | 2022–Oct 2023 | Launched Netflix’s first ad‑supported streaming service |
| Snap Inc. | Chief Business Officer | Nov 2018–Sep 2022 | Led global revenue |
| Amazon.com, Inc. | Global Head of Enterprise Advertising Sales | 2012–2018 | Senior leadership in advertising sales |
| Yahoo!, Variety, Monster.com | Advertising and marketing roles | Prior to 2012 | Early career in media/advertising |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Fanatics Holdings, Inc. (Advertising Division) | Senior Advisor | Since Jan 2025 | Global digital sports platform |
| GameSquare Holdings, Inc. | Director | Current | Public company board |
| Revitate | Director | Current | Private company board |
| Women for Women International | Director | Current | Non-profit board |
| Angel City Football Club | Founding investor | Current | Founding investor role |
Board Governance
- Independence: The Board determined all directors other than the CEO are independent; Gorman is specifically determined independent under NYSE and Sarbanes‑Oxley standards.
- Committee assignment: Nominating and Corporate Governance Committee member. Committee comprised of Antonellis (Chair), Seams, Durr, and Gorman; held five meetings in 2024.
- Attendance: Each director attended at least 75% of aggregate Board and committee meetings in 2024; the Board held 15 meetings. All directors attended the 2024 Annual Meeting.
- Executive sessions: Regular sessions of independent directors; Chair presides.
- Policies: Code of Business Conduct and Ethics, anti‑hedging/anti‑pledging, related person transaction policy with Audit Committee oversight, and independent compensation consultant for the Compensation Committee.
Fixed Compensation
| Component | Amount/Terms | Source |
|---|---|---|
| Annual cash retainer (non‑employee director) | $50,000 | |
| Committee member retainers | Audit $12,000; Compensation $8,000; Nominating & Corporate Governance $6,000 | |
| Committee chair retainers | Audit $25,000; Compensation $20,000; Nominating & Corporate Governance $15,000 | |
| 2024 fees earned (Gorman) | $42,000 (pro‑rated) | |
| Annual equity grant (RSUs) | Value $190,000 ÷ FMV per share on grant date; pro‑rated for mid‑year appointees; vests at earlier of 1‑year or next annual meeting | |
| 2024 stock awards (Gorman) | $183,728 (aggregate grant‑date fair value) | |
| 2024 total comp (Gorman) | $225,728 |
Performance Compensation
| Item | Disclosure |
|---|---|
| Performance metrics tied to director pay | None disclosed; non‑employee director equity is time‑based RSUs (no PSUs or performance vesting) |
| Vesting schedule | RSUs vest on earlier of first anniversary of grant or next annual meeting |
Other Directorships & Interlocks
| Company | Type | Role | Potential Interlock/Conflict Notes |
|---|---|---|---|
| GameSquare Holdings, Inc. | Public | Director | No related‑party transactions disclosed at appointment; Board determined independence |
| Revitate | Private | Director | No related‑party transactions disclosed |
| Women for Women International | Non‑profit | Director | Not a commercial relationship |
| Fanatics Holdings (Ad Division) | Private | Senior Advisor | Advisory role; no related‑party transactions disclosed |
The 8‑K appointing Gorman states there are no Item 404(a) related‑party transactions and confirms independence. The Nominating Committee evaluates conflicts in nominations.
Expertise & Qualifications
- Extensive digital media, marketing, advertising, and entertainment expertise; executive leadership and operational experience.
- Education: B.A. UCLA; MBA Pennsylvania State University.
- Notable achievement: Led launch of Netflix’s first ad‑supported service.
Equity Ownership
| Item | Value | Notes |
|---|---|---|
| Beneficial ownership (Gorman) | 22,883 shares | Includes RSUs vesting within 60 days of March 3, 2025 |
| Ownership % of outstanding | ~0.05% | Calculated as 22,883 / 45,518,259 shares outstanding |
| Unvested RSUs outstanding (12/31/2024) | 22,883 | Director RSUs; no stock options outstanding |
| Options (exercisable/unexercisable) | None | None held as of 12/31/2024 |
| Shares pledged/hedged | Prohibited by policy | Company prohibits pledging/hedging by directors |
| Director stock ownership guideline | 3x annual cash retainer (excl. committee/chair fees); 5‑year compliance window | All non‑employee directors still within compliance window |
Governance Assessment
- Board effectiveness: Gorman adds contemporary adtech/media monetization expertise relevant to Xperi’s streaming, connected TV and advertising initiatives; independence and committee service enhance oversight.
- Alignment: RSU‑based director pay and stock ownership guidelines support long‑term alignment; hedging/pledging prohibitions strengthen investor confidence.
- Engagement/attendance: Board‑level disclosure indicates directors met minimum attendance thresholds and participated in 2024 Annual Meeting; Nominating Committee met five times.
- Conflicts/related‑party: No related‑party transactions involving Gorman at appointment; independence affirmed. Related‑person transactions require Audit Committee review under policy.
RED FLAGS: None disclosed specific to Gorman (no related‑party transactions; independence affirmed; anti‑hedging/pledging policy in force). Continue monitoring external advisory/board roles for evolving conflicts and time commitments via future proxies and 8‑Ks.