Xencor appoints Todd Simpson, former Seagen CFO, to board and Audit Committee
On March 13, 2025, Xencor appointed Todd Simpson, a former chief financial officer of Seagen Inc., as a new director and to the board's Audit Committee. The filing says his compensation includes an initial stock option grant with a Black Scholes value of $550,000 and annual cash retainers, which gives shareholders a clear view of the cost of the appointment.
Key points
- Appointed to the Board of Directors and the Audit Committee on March 13, 2025
- Initial nonstatutory stock option grant with an aggregate Black Scholes value of $550,000, vesting fully on the third anniversary of the grant date
- Annual cash retainers of $50,000 for board service and an additional $10,000 for Audit Committee service
- Served as CFO at Seagen for 18 years, through its acquisition in 2023
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 13, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.