secwatch.observer — SEC 8-K summary
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Issuer:     Xencor Inc (XNCR)
CIK:        0001326732
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001326732-23-000019
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326732/000132673223000019/0001326732-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326732/000132673223000019/xncr-20230630.htm
  HTML page:      https://secwatch.observer/filing/0001326732-23-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer