---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-006629"
form_type: "8-K"
ticker: "XOMA"
cik: "0000791908"
company_name: "XOMA Royalty Corp"
filed_at: "2024-01-11T23:59:59+00:00"
generated_at: "2026-06-07T00:44:47.057200+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-24-006629
- form_type: 8-K
- ticker: XOMA
- cik: 0000791908
- company_name: XOMA Royalty Corp
- filed_at: 2024-01-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/791908/000119312524006629/0001193125-24-006629-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/791908/000119312524006629/d697979d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-006629
- JSON: https://secwatch.observer/filing/0001193125-24-006629.json
- Plain text: https://secwatch.observer/filing/0001193125-24-006629.txt

## Key facts
- Executive change
  Owen Hughes was appointed as Chief Executive Officer at XOMA Royalty Corp.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/791908/000119312524006629/0001193125-24-006629-index.htm

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