---
schema_version: "secwatch.filing_event.v1"
accession: "0001326732-26-000030"
form_type: "8-K"
ticker: "XNCR"
cik: "0001326732"
company_name: "Xencor Inc"
filed_at: "2026-04-27T23:59:59+00:00"
generated_at: "2026-05-15T03:44:55.982243+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Xencor adopts Executive Severance Policy for VPs and above; severance up to 15 months base salary plus COBRA

## Summary
- Policy covers VPs (9 months), SVP (12 months), EVP (15 months) and C-level officers, excluding CEO.
- Severance: lump sum base salary plus COBRA premiums for up to 15 months, contingent on release.
- Change-in-control triggers additional bonus (target bonus for same months), prorated annual bonus, and full equity vesting acceleration.
- Policy effective April 23, 2026; requires six months continuous employment and involuntary termination without Cause or Good Reason resignation.

## SEC filing metadata
- accession: 0001326732-26-000030
- form_type: 8-K
- ticker: XNCR
- cik: 0001326732
- company_name: Xencor Inc
- filed_at: 2026-04-27T23:59:59+00:00
- event_type: other_material
- 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/1326732/000132673226000030/0001326732-26-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326732/000132673226000030/xncr-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001326732-26-000030
- JSON: https://secwatch.observer/filing/0001326732-26-000030.json
- Plain text: https://secwatch.observer/filing/0001326732-26-000030.txt

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