Xencor enters separation agreement with departing EVP Allen Yang; $520K severance

Xencor Inc

Dr. Allen Yang's employment terminated June 30, 2023; he stepped down as executive officer effective May 1, 2023.
Separation agreement provides $520,000 severance (12 months base salary), $117,000 prorated bonus, and health coverage for 12 months.
No other changes to executive team; filing under Item 5.02 for compensatory plan.

item 5.02 item 9.01

Executive movements

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Departed

Allen Yang

Other Named Officer

XNCR · Xencor Inc

Effective: 2023-05-01
Filed: July 3, 2023, 7:59 PM ET

On April 26, 2023, Xencor, Inc. (the “Company”), announced that Dr. Allen Yang was stepping down from his role as an executive officer of the Company, effective as of May 1, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.9

Allen Yang departed as other_named_officer at Xencor Inc.

Action: stepped down

Exact text from the filing

On April 26, 2023, Xencor, Inc. (the “Company”), announced that Dr. Allen Yang was stepping down from his role as an executive officer of the Company, effective as of May 1, 2023.

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Xencor Inc filing history →

Source: SEC EDGAR

accession 0001326732-23-000019

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