{"schema_version":"secwatch.filing_event.v1","accession":"0001326732-25-000032","form_type":"8-K","ticker":"XNCR","cik":"0001326732","company_name":"Xencor Inc","filed_at":"2025-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.311877+00:00","generated_at":"2026-05-25T09:41:52.938323+00:00","sec_items":["4.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Xencor dismisses RSM as auditor over material weaknesses; appoints KPMG","bullets":["RSM dismissed Feb 27, 2025; KPMG appointed effective Mar 3, 2025.","Material weaknesses in controls over non-routine royalty sale accounting and tax legislation led to restatement of FY2023 and Q1-Q3 2024 financials.","RSM recalled its 2023 audit opinions and interim reviews; internal control reports flagged weaknesses.","Additional material weakness in impairment analysis of Zenas equity investment was remediated by Q3 2024.","No disagreements with RSM; company requested letter to SEC, not yet received."],"urls":{"canonical":"https://secwatch.observer/filing/0001326732-25-000032","json":"https://secwatch.observer/filing/0001326732-25-000032.json","markdown":"https://secwatch.observer/filing/0001326732-25-000032.md","text":"https://secwatch.observer/filing/0001326732-25-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000032/0001326732-25-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000032/xncr-20250227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T09:41:52.938323+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}