Page 28 of 39 – SEC Filing
George
A. Riedel has served on the Board of Directors of Xperi Corporation (NASDAQ:XPER)(f/k/a Tessera Holding Corporation (“Tessera
Holding”)), a creator, developer and licensor of innovative audio, computational imaging, computer vision and semiconductor
packaging and interconnect technologies, since December 2016 when Tessera Technologies, Inc. (“Tessera”) and DTS, Inc.
became wholly owned subsidiaries of Tessera Holding pursuant to a merger. Prior to the merger, he had served on the Board of Directors
of Tessera (formerly NASDAQ:TSRA) since May 2013. Mr. Riedel also currently teaches part-time at Harvard Business School, a position
he has held since January 2018. Mr. Riedel previously served as the Chairman of the Board of Directors of Montreal-based Accedian
Networks Inc., a Performance Assurance Solution Specialist for mobile networks and enterprise-to-data center connectivity, from
2010 until March 2017, when it was sold to Bridge Growth Partners. He also served as the Chairman and Chief Executive Officer of
Cloudmark, Inc., a leader in security, protecting traffic, data and infrastructure from network threats (“Cloudmark”),
until January 2017. Mr. Riedel joined the Cloudmark Board in June 2013, became Chairman in January 2014 and CEO in December 2014.
He also previously served on the Boards of Directors of PeerApp Ltd, an Optimized Video Content Delivery service to network operators
and providers, from 2011 to September 2015, and Blade Network Technologies, a Top of Rack Switch vendor, from 2009 until its sale
to IBM in 2010. Mr. Riedel’s career also included various senior management positions at Nortel Networks Corporation, a then
publicly-traded, multinational, telecommunications equipment manufacturer (“Nortel”). In March 2006, Mr. Riedel joined
Nortel as part of the turnaround team as the Chief Strategy Officer. His role changed after Nortel initiated creditor protection
under the respective restructuring regimes of Canada under the Companies’ Creditors Arrangement Act, the U.S. under the Bankruptcy
Code, and the United Kingdom under the Insolvency Act 1986, on January 14, 2009, and subsequently, Israel, to lead the sale/restructuring
of various carrier and enterprise business units through a series of transactions to leading industry players such as Ericsson,
Avaya and Ciena. Mr. Riedel led the efforts to create stand-alone business units, carve out the relevant P&L and balance sheet
elements and assign predominately used patents to enable sales of the assets. In 2010, Mr. Riedel’s role changed to President
of Business Units and CSO as he took leadership of the effort to monetize the remaining 6,500 patents and applications patents
as well as manage the P&L for several business units that were held for sale. The 2011 patent sale led to an unprecedented
transaction of $4.5 billion to a consortium of Apple, Ericsson, RIM, Microsoft and EMC. Prior to Nortel, Mr. Riedel was the Vice
President of Strategy and Corporate Development of Juniper Networks, Inc. (NYSE:JNPR), a designer, developer and manufacturer of
networking products, from 2003 until 2006, where he led the acquisition of Netscreen Technologies. Mr. Riedel was also previously
a Senior Partner at McKinsey & Company, a global management consulting firm, where he spent 15 years serving clients in the
telecom and technology sectors in Asia and North America on a range of strategy and growth issues. Mr. Riedel earned a BS with
Distinction in Mechanical Engineering from the University of Virginia and his MBA from Harvard Business School. Mr. Riedel has
also attended the Stanford Graduate Business School Executive Education Program for Directors. Mr. Riedel’s extensive knowledge of the technology industry and intellectual property licensing, as
well as his significant leadership experience as a senior executive and a public company director, makes him well qualified to
serve on the Board.
Edward Terino has
served as the President of GET Advisory Service LLC, a strategic and financial management consulting firm focused on the technology
and maritime industries, since March 2009. Since April 2016, he has served as the Chief Executive Officer of SeaChange International,
Inc. (NASDAQ:SEAC), a multinational digital video software company (“SeaChange”). Prior to that, Mr. Terino served
as Chief Operating Officer and Executive Vice President of SeaChange from June 2015 to April 2016. Mr. Terino has also served as
a member of the Board of Directors of SeaChange since July 2010, where he was formerly Chairman of the Audit Committee and a member
of the Compensation Committee. Mr. Terino served as a director of Baltic Trading Ltd. (formerly NYSE:BALT), an international dry
bulk shipping company, from March 2010 until the company was acquired in July 2015, where he served as Chairman of the Audit Committee
and a member of the Compensation Committee. From October 2012 through November 2013, Mr. Terino served as a director of Extreme
Networks, Inc. (NASDAQ:EXTR), a network switching and services company, where he served as a member of the Audit Committee. Prior
to that, Mr. Terino was a director of S1 Corporation (formerly NASDAQ:SONE), an internet banking and payments software company,
from April 2007 until February 2012, when S1 Corporation was acquired by ACI Worldwide Inc. While at S1 Corporation, Mr. Terino
served as Chairman of the Audit Committee and a member of the Compensation Committee. Mr. Terino also served as a director of Phoenix
Technologies Ltd. (formerly NASDAQ:PTEC), a BIOS software company, where he was Chairman of the Audit Committee and a member of
the Compensation Committee, from November 2009 until the company was acquired by Marlin Equity Partners in November 2010. From
October 1999 to March 2006, Mr. Terino served as a director of EBT International, Inc. (formerly NASDAQ:EBTI), a web content management
software company, where he was Chairman of the Audit Committee and a member of the Compensation Committee. Mr. Terino also previously
served as Chief Executive Officer and Chief Financial Officer of Arlington Tankers Ltd. (formerly NYSE:ATB), an international seaborne
transporter of crude oil and petroleum products, from July 2005 until December 2008, when the company merged with General Maritime
Corporation. From September 2001 to June 2005, Mr. Terino was Senior Vice President, Chief Financial Officer and Treasurer of Art
Technology Group, Inc. (formerly NASDAQ:ARTG), an e-commerce software company that was later acquired. Prior to 2001, Mr. Terino
held senior financial and operational management positions over a 15-year period with several publicly traded technology and educational
publishing companies. Mr. Terino began his career at Deloitte & Touche and spent nine years in their consulting services organization.
Mr. Terino earned a BS degree in Management from Northeastern University and an MBA from Suffolk University. Mr. Terino’s depth of experience serving for over a decade on the Boards of Directors of public and
private companies and in senior executive roles of various companies, including as CEO of Seachange, makes him well qualified to
serve on the Board.
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