Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangement of Certain

Officers.

As previously announced, on August 6, 2021, the board of directors (the "Board") of XOMA Corporation (the "Company") appointed Heather Franklin to the Board to serve until the 2022 Annual Meeting of Stockholders and until her successor is duly elected and qualified, or until her earlier death, resignation or removal. As of the date of her appointment to the Board, it had not yet been determined on which committees of the Board Ms. Franklin would serve.

This Form 8-K/A is being filed to disclose that on October 20, 2021 the Board appointed Ms. Franklin to the Compensation Committee of the Board, effective immediately, and determined that Ms. Franklin is independent under applicable U.S. Securities and Exchange Commission requirements and the Nasdaq listing standards.

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