secwatch.observer — SEC 8-K summary
======================================

Issuer:     Xencor Inc (XNCR)
CIK:        0001326732
Form:       8-K
Filed at:   2026-04-27T23:59:59+00:00
Accession:  0001326732-26-000030
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326732/000132673226000030/0001326732-26-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326732/000132673226000030/xncr-20260423.htm
  HTML page:      https://secwatch.observer/filing/0001326732-26-000030

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