On this page of StockholderLetter.com we present the latest annual shareholder letter from RAMBUS INC — ticker symbol RMBS. Reading current and past RMBS letters to shareholders can bring important insights into the investment thesis.

 •  3/7/2025 Letter Continued (Full PDF)
 •  3/8/2024 RMBS Stockholder Letter
 •  More "Semiconductors" Category Stockholder Letters
 •  RMBS Benford's Law Stock Score = 88

RMBS Shareholder/Stockholder Letter Transcript:

2025
Proxy Statement
and Annual Report


NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD VIRTUALLY ON APRIL 24, 2025
To our stockholders:
You are cordially invited to attend virtually the 2025 Annual Meeting of Stockholders (and any adjournments,
postponements or other delays thereof, the    Annual Meeting   ) of Rambus Inc. (   Rambus    or the    Company   ). The
Annual Meeting will be held virtually via live webcast at http://www.virtualshareholdermeeting.com/RMBS2025 on
April 24, 2025, at 9:00 a.m. Pacific Time. You will be able to attend the Annual Meeting online and submit
questions during the Annual Meeting by visiting the website listed above. You will also be able to vote your shares
electronically during the Annual Meeting. The Annual Meeting will be held online only.
1.
Election of the three nominees named in the Proxy Statement as Class II directors;
2.
Ratification of KPMG LLP as the Company   s independent registered public accounting firm for the
fiscal year ending December 31, 2025;
3.
Advisory vote to approve named executive officer compensation; and
4.
Such other business as may properly come before the Annual Meeting.
These items of business are more fully described in the accompanying Proxy Statement, which is available
at http://www.proxyvote.com. Our 2024 Annual Report on Form 10-K for the year ended December 31, 2024, the
Proxy Statement and the form of proxy card are first being mailed to stockholders on or about March 7, 2025.
Only stockholders of record as of February 26, 2025, may virtually attend, vote shares, and submit questions
online during the Annual Meeting. Whether or not you plan to attend the Annual Meeting virtually, please vote at
http://www.proxyvote.com, call 1-800-690-6903 or follow the voting instructions in the Proxy Statement or on
your proxy card. The Proxy Statement explains proxy voting and the matters to be voted on in more detail. Please
read the Proxy Statement carefully. We look forward to your virtual attendance at the Annual Meeting.
By Order of the Board of Directors,
/s/ John Shinn
John Shinn
Senior Vice President, General Counsel and
Secretary
San Jose, California
March 7, 2025
YOUR VOTE IS IMPORTANT
WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING VIRTUALLY, PLEASE VOTE
AT HTTP://WWW.PROXYVOTE.COM OR AS INSTRUCTED ON THE PROXY CARD, CALL
1-800-690-6903 OR SIGN, DATE AND RETURN THE PROXY CARD AS PROMPTLY AS POSSIBLE.
Proxy Statement
The following matters will be voted on during the Annual Meeting:

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RAMBUS INC.
PROXY STATEMENT
FOR
2025 ANNUAL MEETING OF STOCKHOLDERS
TABLE OF CONTENTS
Page
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8
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28
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31
44
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57
58
59
61
Proxy Statement
General Information About the Meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Proposal One Election of Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nominees for Class II Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Class I Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Corporate Governance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Proposal Two Ratification of Appointment of Independent Registered Public Accounting Firm . . . . . . . . . .
Proposal Three Non-Binding Advisory Vote to Approve Named Executive Officer Compensation . . . . . . .
Security Ownership of Certain Beneficial Owners and Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Executive Compensation     Compensation Discussion and Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Compensation and Human Resources Committee Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Executive Compensation Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pay Versus Performance Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Equity Compensation Plan Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Audit Committee Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Environmental, Social and Governance Issues and Corporate Social Responsibility . . . . . . . . . . . . . . . . . . .
Other Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .



 3/7/2025 Letter Continued (Full PDF)