XOMA appoints Owen Hughes as permanent CEO, boosts salary to $575K; chairman changes

XOMA Royalty Corp

Owen Hughes, previously interim CEO, appointed CEO and director effective Jan 7, 2024; base salary raised to $575,000.
Target annual cash bonus set at 60% of base salary; 275,000 performance share units granted vesting on stock price milestones.
Jack Wyszomierski, former Lead Independent Director, appointed Chairman of the Board; Hughes steps down as Executive Chairman.
Amended employment agreement includes severance: 1x salary (non-CIC) or 2x salary plus bonus acceleration (CIC-related).

item 5.02 item 7.01

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Appointed

Owen Hughes

Chief Executive Officer

XOMA · XOMA Royalty Corp

Effective: 2024-01-07
Filed: January 11, 2024, 6:59 PM ET

On January 7, 2024, the board of directors (the “Board”) of XOMA Corporation, a Delaware corporation (the “Company”), appointed Owen Hughes, previously Interim Chief Executive Officer, to serve as the Company’s Chief Executive Officer and to continue serving as principal executive officer and a director, effective immediately.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Owen Hughes was appointed as Chief Executive Officer at XOMA Royalty Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On January 7, 2024, the board of directors (the “Board”) of XOMA Corporation, a Delaware corporation (the “Company”), appointed Owen Hughes, previously Interim Chief Executive Officer, to serve as the Company’s Chief Executive Officer and to continue serving as principal executive officer and a director, effective immediately.

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XOMA Royalty Corp filing history →

Source: SEC EDGAR

accession 0001193125-24-006629

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