secwatch.observer — SEC 8-K summary
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Issuer:     Adeia Inc. (ADEA)
CIK:        0001803696
Form:       8-K
Filed at:   2026-09-28T20:05:14+00:00
Accession:  0001193125-26-405315
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Adeia names Dipti Vachani CEO effective Oct 12; Paul Davis steps down after four years
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- Dipti Vachani appointed chief executive officer and board member effective October 12, 2026, succeeding Paul E. Davis, who resigned as CEO and director effective the same day.
- Vachani, 53, was SVP/GM of Arm Limited's Automotive Business Unit from 2018 to 2026; previously VP/GM of Intel's Internet of Things Group, Skyworks, and Texas Instruments; Axcelis board 2022-2025.
- CEO package: $730,000 annual base salary, target bonus of 100% of salary, and $11,000,000 target equity split between $4.4M time-based RSUs over four years and $6.6M three-year performance PSUs.
- Severance: 150% of salary plus target bonus if terminated without cause; 200% if within three months before or 12 months after a change in control, plus up to 18-24 months of health coverage.
- Davis will consult through December 31, 2026 for a fixed $183,000 fee, with no additional equity vesting; Adeia pays COBRA premiums through September 30, 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803696/000119312526405315/0001193125-26-405315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803696/000119312526405315/adea-20260928.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-405315

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