secwatch.observer — SEC 8-K summary
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Issuer:     Xencor Inc (XNCR)
CIK:        0001326732
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001326732-24-000012
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xencor appoints Bart Cornelissen as CFO; John Kuch retires
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- John Kuch retired as CFO effective March 31, 2024; stepped down April 9, 2024; remains in non-executive role.
- Bart Cornelissen appointed SVP and CFO April 9, 2024; previously VP corporate finance at Seagen (facilitated $43B Pfizer acquisition).
- Compensation: $465K base, 45% bonus target, option grant of 190,194 shares ($2.25M), RSU grant ~$1M.
- Severance includes 12 months base salary plus COBRA; full equity vesting upon change-in-control after one year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326732/000132673224000012/0001326732-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326732/000132673224000012/xncr-20240409.htm
  HTML page:      https://secwatch.observer/filing/0001326732-24-000012

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