---
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"
generated_at: "2026-06-20T20:36:48.890742+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# XOMA appoints Owen Hughes interim CEO, Brad Sitko CIO; CEO James Neal retires

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-001214
- JSON: https://secwatch.observer/filing/0001193125-23-001214.json
- Plain text: https://secwatch.observer/filing/0001193125-23-001214.txt

## Key facts
- Executive change
  Owen Hughes was appointed as Interim Chief Executive Officer at XOMA Royalty Corp.
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/791908/000119312523001214/0001193125-23-001214-index.htm

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