Jon E. Kirchner

Chief Executive Officer and President at Xperi

Board

Since October 1, 2022

Age

57 years

Education

Holds a B.A. in Economics, cum laude from Claremont McKenna College.

Tenure

Served as CEO of Xperi Corporation starting in June 2017 and assumed the role of CEO and President at Xperi Inc. on October 1, 2022.

Also at Xperi

Matt Milne

Chief Revenue Officer

RKM

Rebecca K. Marquez

Chief Legal Officer and Corporate Secretary

Robert Andersen

Chief Financial Officer (CFO)

About

Jon E. Kirchner is an experienced executive with a strong background in finance and technology leadership. He began his career advising clients at Price Waterhouse LLP and later played a key role at DTS, where he held multiple senior roles, including CEO and Chairman, transforming the company into a global leader.

His progression led him to serve as President and CEO of Xperi Corporation starting in June 2017, where he demonstrated his commitment to innovation and strategic growth in the digital media and entertainment industries.

Following the spin-off, he assumed his current role as CEO and President at Xperi Inc. on October 1, 2022, further continuing his leadership journey with a focus on expanding technology applications across consumer devices and digital platforms.

Recognized for his contributions through various awards, his career is marked by a dedication to operational excellence and transformative leadership in the tech field.

$XPER Performance Under Jon E. Kirchner

Past Roles

Organization	Role	Date Range	Details
Xperi Holding Corporation	CEO	June 2020 – October 2022	Ended upon transition to current role at Xperi Inc.
Xperi Corporation	CEO	June 2017 – June 2020	Succeeded Thomas A. Lacey; role succeeded by new structure.
Xperi Corporation	President	December 2016 – June 2017	Assumed after the acquisition of DTS, Inc.
Free Stream Media Corporation (Samba TV)	Board of Directors	2012 – 2023	Past external role.
DTS, Inc.	CEO	2001 – 2016	Led the company through significant growth.
DTS, Inc.	Chairman of the Board of Directors	2010 – 2016	Served concurrently with CEO role.
DTS, Inc.	Senior Leadership Roles (President, COO, CFO)	1993 – 2001	Held various key roles prior to CEO.
Price Waterhouse LLP	Consulting & Audit Group Member	1989 – 1993	Advised clients on strategy, finance, operations, and valuation.

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$750,000	Annual (2024)	Base salary for 2024
RSUs (2024 Stock Awards)	$5,287,694	2024 Grant	Reported grant-date fair value for RSUs (non-performance)
All Other Compensation	$11,358	2024	Other compensation in 2024
Severance Benefits	200% of base salary & 200% of target bonus	As per Employment Agreement effective November 6, 2024	Includes lump sum cash payment and continuation of health benefits for up to 24 months upon specified termination

Performance Compensation

Data from FY 2024

Annual Performance-Based Cash Incentive Bonus

Metric	Value	Details
Target Bonus	$750,000	100% of base salary
Actual Payout	$450,000	60% of target bonus due to performance adjustments
Revenue Threshold	$494 million	Minimum revenue threshold (90% of plan requirement)
EBITDA Achieved	$74 million	Resulted in a multiplier originally at 67%, then reduced to 60%

Performance Stock Units (PSUs)

Metric	Value	Details
Performance Metrics	Stock price performance; Adjusted EBITDA Margin	Vesting and achievement are tied to these metrics
Vesting Schedule	3 years (ending in 2027)	PSUs vest at the end of the performance period
Grant Date	March 1, 2024	Official grant date
Grant Date Fair Value	$6,656,974	At maximum attainment of performance goals
Monte Carlo Assumptions	Expected Life: 3 yrs; Risk-free Rate: 3.9% ; Volatility: 46.2%	Used for valuing the market-based performance conditions
Unearned Shares	260,557 shares	Number of shares subject to performance vesting
Market Value of Unearned Shares	$2,675,920	Based on a closing price of $10.27 per share as of December 31, 2024