---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-358570"
form_type: "8-K"
ticker: "XOMA"
cik: "0000791908"
company_name: "XOMA Royalty Corp"
filed_at: "2021-12-16T23:59:59+00:00"
generated_at: "2026-06-28T00:42:13.482513+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# XOMA CEO James R. Neal to retire by Dec 2022; appointed Chairman with new compensation package

## Summary
- CEO James R. Neal notified retirement effective by Dec 31, 2022 or upon hiring successor; appointed Chairman immediately.
- New employment agreement provides annual base salary of $725,000 effective immediately and 60% bonus starting Jan 1, 2022.
- Grant of stock option for 60,000 shares at closing price on grant date under Amended 2010 Long Term Incentive Plan.
- If terminated without cause or resigns for good reason prior to Termination Date: continuity incentive of $1,160,000, increased if before Sep 30, 2022.

## SEC filing metadata
- accession: 0001193125-21-358570
- form_type: 8-K
- ticker: XOMA
- cik: 0000791908
- company_name: XOMA Royalty Corp
- filed_at: 2021-12-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/791908/000119312521358570/0001193125-21-358570-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/791908/000119312521358570/d160252d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-358570
- JSON: https://secwatch.observer/filing/0001193125-21-358570.json
- Plain text: https://secwatch.observer/filing/0001193125-21-358570.txt

## Key facts
- Executive change
  James R. Neal retired as Chief Executive Officer at XOMA Royalty Corp.
  - Action: retired
  - Role: Chief Executive Officer
  source text: James R. Neal, Chief Executive Officer of XOMA Corporation (the “Company”), notified the Company of his decision to retire as the Company’s Chief Executive Officer, effective at the earlier of (i) December 31, 2022 or (ii) the date that the Company hires a new Chief Executive Officer (the “Termination Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312521358570/0001193125-21-358570-index.htm
- Executive change
  James R. Neal was appointed as Chairman of the Board at XOMA Royalty Corp.
  - Action: appointed
  - Role: Chairman of the Board
  source text: On December 15, 2021, the Board appointed Mr. Neal to the position of Chairman of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312521358570/0001193125-21-358570-index.htm

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