{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-001214","form_type":"8-K","ticker":"XOMA","cik":"0000791908","company_name":"XOMA Royalty Corp","filed_at":"2023-01-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.097647+00:00","generated_at":"2026-06-20T20:36:48.890742+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"XOMA appoints Owen Hughes interim CEO, Brad Sitko CIO; CEO James Neal retires","bullets":["Owen Hughes named Interim CEO, Executive Chairman and board member effective Jan 1, 2023; base salary $125,000.","Hughes receives inducement options: 100K shares at $18.66 and 75K at $30.00.","Bradley Sitko appointed Chief Investment Officer effective Jan 3, 2023; base $500,000, signing bonus $110,000.","Sitko gets inducement options: 300K shares at $18.66 and 250K at $30.00.","James Neal retired as CEO and resigned from board; entitled to $1.16M severance paid monthly through Dec 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-001214","json":"https://secwatch.observer/filing/0001193125-23-001214.json","markdown":"https://secwatch.observer/filing/0001193125-23-001214.md","text":"https://secwatch.observer/filing/0001193125-23-001214.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/791908/000119312523001214/0001193125-23-001214-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/791908/000119312523001214/d403064d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T20:36:48.890742+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":[{"claim_id":"902c24dab4","claim":"Owen Hughes was appointed as Interim Chief Executive Officer at XOMA Royalty Corp.","evidence_excerpt":"appointed Owen Hughes as our Interim Chief Executive Officer and principal executive officer and as a member of our Board and Executive Chairman of our Board, effective as of January 1, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/791908/000119312523001214/0001193125-23-001214-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}