secwatch.observer — SEC 8-K summary
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Issuer:     XOMA Royalty Corp (XOMA)
CIK:        0000791908
Form:       8-K
Filed at:   2023-01-04T23:59:59+00:00
Accession:  0001193125-23-001214
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/791908/000119312523001214/0001193125-23-001214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/791908/000119312523001214/d403064d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-001214

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