secwatch.observer — SEC 8-K summary
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Issuer:     XOMA Royalty Corp (XOMA)
CIK:        0000791908
Form:       8-K
Filed at:   2024-01-11T23:59:59+00:00
Accession:  0001193125-24-006629
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/791908/000119312524006629/0001193125-24-006629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/791908/000119312524006629/d697979d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-006629

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