Departure and appointment · 28 September 2026
Adeia Inc.
ADEA · Listed
Key facts
- How the CEO left
- Health or death
- Planned or abrupt
- Planned
- Successor
- External hire
- Outgoing CEO stays as
- Adviser
- Signs it was forced
- None stated
- Other news alongside
- None
- Effective
- 12 October 2026
- Reason given
- to focus on his health and personal pursuits
Read from the filing and press release by a language model (Google Gemini), told to use only that text. It can make mistakes; the quotes below are the source.
The announcement
As previously announced, on May 4, 2026, Paul E. Davis, Adeia Inc.’s (the “Company”) chief executive officer, notified the Company and the Company’s Board of Directors (the “Board”) of his intention to step down as the Company’s chief executive officer and as a member of the Board to focus on his health and personal pursuits.
On September 24, 2026, Mr. Davis resigned as chief executive officer and a member of the Board, effective October 12, 2026.
On the same day, the Board accepted Mr. Davis’s resignation and following the recommendation of the Company’s transition committee, appointed Dipti Vachani to serve as Mr. Davis’s successor as chief executive officer and to fill Mr. Davis’s vacant seat on the Board, effective October 12, 2026 (the “CEO Commencement Date”).
In connection with Ms. Vachani’s appointment as the new chief executive officer of the Company, Ms. Vachani and the Company entered into an offer letter on September 26, 2026 (the “CEO Offer Letter”) with a start date of October 12, 2026, and will also enter into a severance agreement (the “CEO Severance Agreement”) effective October 12, 2026.
Sentences matched by our CEO change rules, from the first filing. Read the 8-K on SEC EDGAR ↗
Share price reaction
The filing reached SEC EDGAR on 28 September 2026 at 20:05 New York time, after the market closed, so day 0 is the next trading day, 29 September 2026. Day 0 is marked by the vertical line.
| Window | ADEA | S&P 500 | Abnormal |
|---|---|---|---|
| Days 0 to +1 | +2.7% | −0.4% | +3.1% |
| Days 0 to +3 | +3.3% | +0.5% | +1.3% |
| 1 month (days 0 to +21)so far, 21 of 22 days | −9.0% | +0.5% | −14.3% |
| 3 months (days 0 to +63)so far, 21 of 64 days | −9.0% | +0.5% | −14.3% |
The abnormal return is the stock's return beyond what its usual relationship with the market (beta 2.14) predicts. A single stock's move can reflect other news on the same days, so it describes what happened rather than measuring the effect of the CEO change; averages across many events are on the Research design page as they are completed.
News coverage
- Adeia Appoints Dipti Vachani as Chief Executive Officer ↗
manilatimes.net · 28 September 2026 · Tone: neutral
- Adeia Appoints Dipti Vachani As CEO, Succeeding Paul Davis ↗
finanzen.ch · 28 September 2026 · Tone: neutral
Headlines from the day before the filing to three days after, found in the GDELT news index by company name, so an occasional match may be about something else. Tone is FinBERT's reading of the headline alone, a language model trained on financial news; it is not our view of the change.