{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-25-006266","form_type":"8-K","ticker":"XBIT","cik":"0001626878","company_name":"XBiotech Inc.","filed_at":"2025-10-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.971162+00:00","generated_at":"2026-05-17T04:45:19.313874+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"XBiotech enters new employment agreement with CEO John Simard; $1.25M salary, $4.53M bonus baseline","bullets":["Base salary unchanged at $1.25M; annual bonus baseline set at $4.53M for 2025, both inflation-adjusted annually.","Severance: 3 years base salary + 3 years base bonus if terminated without cause, disability, or retirement; 80% if for cause.","Upon retirement, CEO to consult for 18 months receiving additional base salary payments plus severance.","Agreement formalizes compensation trends over past 5 years; approved by Compensation Committee of independent directors.","Executive remains CEO and President; no change in leadership roles."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-25-006266","json":"https://secwatch.observer/filing/0001171843-25-006266.json","markdown":"https://secwatch.observer/filing/0001171843-25-006266.md","text":"https://secwatch.observer/filing/0001171843-25-006266.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1626878/000117184325006266/0001171843-25-006266-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1626878/000117184325006266/f8k_100325.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:45:19.313874+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}