Laura Durr
XperiAbout Laura J. Durr
Laura J. Durr, 64, is an independent director of Xperi Inc. since September 2022, serving as Audit Committee Chair and a member of the Nominating & Corporate Governance Committee; she is designated the Board’s Audit Committee Financial Expert and is independent under NYSE rules . A former public company CFO (Polycom, Inc.), she brings deep accounting, finance and operational leadership, with a B.S. in Accounting from San Jose State University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Polycom, Inc. | EVP & Chief Financial Officer | May 2014 – July 2018 | Led finance during sale to Plantronics; extensive accounting/finance oversight |
| Polycom, Inc. | SVP Worldwide Finance; Chief Accounting Officer; Worldwide Controller | 2004 – 2014 | Built global finance infrastructure and controls |
| Quicksilver Technology; C Speed; Lucent Technologies; International Network Services | Finance/Administration executive positions | Not disclosed | Financial leadership in Silicon Valley tech firms |
| Price Waterhouse LLP | Audit professional | 6 years | Public accounting experience; CPA background |
External Roles
| Organization | Role | Status |
|---|---|---|
| NETGEAR, Inc. | Director | Current |
| Owlet, Inc. | Director | Current |
| Xperi Holding Corporation (Adeia Inc.) | Director | Past |
| TiVo Corporation | Director | Past |
Board Governance
- Committee assignments: Audit (Chair), Nominating & Corporate Governance (Member) .
- Independence: Board determined all directors other than CEO are independent; Audit members meet Rule 10A‑3; Durr is the Audit Committee Financial Expert .
- Attendance and activity: Board met 15 times in FY2024; each director attended ≥75% of Board/committee meetings; Audit met 5 times; Compensation met 4; Nominating & Corporate Governance met 5 .
- Executive sessions and leadership: Regular executive sessions of independent directors; independent Chairman (Habiger) presides; Lead Independent Director framework set if Chair not independent .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer | $50,000 | All non‑employee directors |
| Audit Chair fee | $25,000 | Annual chair retainer |
| Nominating & Corporate Governance member fee | $6,000 | Annual member retainer |
| Total cash (FY2024 actual for Durr) | $81,000 | Matches program components above |
| Annual RSU grant value | $190,000 | Granted post‑annual meeting; vests by next annual meeting or 1‑year |
| RSUs outstanding at 12/31/2024 (unvested) | 21,739 | Grant-date fair value $189,977 |
2024 Director Compensation (Durr):
| Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Total ($) |
|---|---|---|---|
| Laura J. Durr | $81,000 | $189,977 | $270,977 |
Program features:
- No meeting fees; travel expenses reimbursed .
- Director stock ownership guideline: 3x annual cash retainer (excluding committee/chair fees); compliance due by fifth anniversary of later of Oct 1, 2022, any guideline amendment, or first appointment; directors have not yet reached deadline .
Performance Compensation
- Directors receive only time‑based RSUs with annual vesting cadence (no performance metrics, no options); RSUs determined by dividing $190,000 by FMV on grant date and vest at next annual meeting or first anniversary .
- Company policies prohibit hedging and pledging of Company stock by directors .
Other Directorships & Interlocks
| External Board | Sector Overlap with Xperi | Potential Interlock/Conflict |
|---|---|---|
| NETGEAR, Inc. | Consumer networking vs. Xperi media/tech | No related‑party transactions disclosed involving directors; Audit Committee reviews RPTs >$120k |
| Owlet, Inc. | Consumer health tech | No related‑party transactions disclosed involving directors; Audit Committee oversight |
Compensation Committee independence and consultant use: Comp Committee comprised solely of independent directors; engages independent consultant; no interlocks or insider participation noted for 2024; Durr is not a member of Comp Committee .
Expertise & Qualifications
- Public company CFO; extensive accounting/financial literacy; designated Audit Committee Financial Expert .
- Silicon Valley technology finance leadership; CPA background; B.S. Accounting, San Jose State University .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership (shares) | 57,426; less than 1% of outstanding (45,518,259 shares) |
| RSUs vesting within 60 days of March 3, 2025 | 21,739 included in beneficial ownership footnote |
| Options | None reported for non‑employee directors as of 12/31/2024 |
| Ownership guideline | 3x annual cash retainer; compliance deadline not yet reached |
| Hedging/pledging | Prohibited for directors by policy |
Governance Assessment
- Strengths: Independent Audit Chair with financial expert designation; active Board/committee cadence; robust code of conduct, clawback, and anti‑hedging/pledging policies; clear RPT review process; independent Chairman; strong stock ownership guidelines—all supportive of investor confidence .
- Alignment: Director pay structure is majority equity (FY2024: ~$190k RSUs vs $81k cash), promoting shareholder alignment; RSUs vest annually, reinforcing retention and continuity on key board committees .
- Conflicts/Red Flags: No related‑party transactions disclosed involving Durr; Section 16 compliance in prior period noted issue only for another officer (Marquez), not for directors; prohibition on hedging/pledging reduces alignment risk .