---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-23-001077"
form_type: "8-K"
ticker: "EXEL"
cik: "0000939767"
company_name: "EXELIXIS, INC."
filed_at: "2023-04-13T23:59:59+00:00"
generated_at: "2026-06-17T02:54:08.469153+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Exelixis board refresh: two directors not standing; new nominees after failed Farallon settlement

## Summary
- Carl Feldbaum and Vincent Marchesi will not stand for re-election at 2023 Annual Meeting.
- Board recommends Tomas Heyman and Robert Oliver as independent director nominees to fill the seats.
- Farallon Capital Management demanded unprecedented access to confidential data; board refused settlement.
- Annual Meeting date not yet set; board will be 11 directors with 10 independent after meeting.

## SEC filing metadata
- accession: 0000950142-23-001077
- form_type: 8-K
- ticker: EXEL
- cik: 0000939767
- company_name: EXELIXIS, INC.
- filed_at: 2023-04-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/939767/000095014223001077/0000950142-23-001077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/939767/000095014223001077/eh230348996_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-001077
- JSON: https://secwatch.observer/filing/0000950142-23-001077.json
- Plain text: https://secwatch.observer/filing/0000950142-23-001077.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.