secwatch.observer — SEC 8-K summary
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Issuer:     XOMA Royalty Corp (XOMA)
CIK:        0000791908
Form:       8-K
Filed at:   2021-12-16T23:59:59+00:00
Accession:  0001193125-21-358570
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/791908/000119312521358570/0001193125-21-358570-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/791908/000119312521358570/d160252d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-358570

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