---
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"
generated_at: "2026-06-13T13:08:04.230690+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001326732-23-000019
- JSON: https://secwatch.observer/filing/0001326732-23-000019.json
- Plain text: https://secwatch.observer/filing/0001326732-23-000019.txt

## Key facts
- Executive change
  Allen Yang departed as other_named_officer at Xencor Inc.
  - Action: stepped down
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1326732/000132673223000019/0001326732-23-000019-index.htm

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