{"schema_version":"secwatch.filing_event.v1","accession":"0001326732-23-000019","form_type":"8-K","ticker":"XNCR","cik":"0001326732","company_name":"Xencor Inc","filed_at":"2023-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.585963+00:00","generated_at":"2026-06-13T13:08:04.230690+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Xencor enters separation agreement with departing EVP Allen Yang; $520K severance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001326732-23-000019","json":"https://secwatch.observer/filing/0001326732-23-000019.json","markdown":"https://secwatch.observer/filing/0001326732-23-000019.md","text":"https://secwatch.observer/filing/0001326732-23-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1326732/000132673223000019/0001326732-23-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1326732/000132673223000019/xncr-20230630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T13:08:04.230690+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"45e60b289c","claim":"Allen Yang departed as other_named_officer at Xencor Inc.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673223000019/0001326732-23-000019-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}