ESOPMay 22, 2026, 06:08 AM
XOMA Royalty Stockholders Approve Equity Plans, Bylaw Amendments
AI Summary
XOMA Royalty Corporation held its 2026 Annual Meeting of Stockholders, where shareholders approved key proposals. These included an amendment to the 2010 Long Term Incentive and Stock Award Plan, increasing available shares by 425,000 and extending its term to 2036, and the adoption of the 2026 Employee Stock Purchase Plan with 500,000 shares. Additionally, the Board of Directors approved amendments to the company's bylaws, incorporating Nevada controlling interest statutes and an exclusive forum provision. All director nominees were elected, and Deloitte & Touche LLP was ratified as the independent auditor.
Key Highlights
- Stockholders approved amendment to 2010 Long Term Incentive and Stock Award Plan.
- 425,000 additional shares available under the amended 2010 Plan.
- 2010 Plan term extended to March 16, 2036.
- Stockholders approved 2026 Employee Stock Purchase Plan (ESPP).
- 500,000 shares available for issuance under the ESPP.
- Bylaws amended to include Nevada controlling interest statutes and exclusive forum provision.
- All director nominees were elected at the Annual Meeting.
- Deloitte & Touche LLP ratified as independent auditor.
Price Impact
More from XOMA