Company: XOMAP
Filing Date: 2025-04-04
Form Type: PRE 14A
Source: 0001193125-25-073470
Chunk: 19

Company: XOMA Royalty Corp
Filing Date: 2025-04-04
Form: PRE 14A
Chunk 19
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 statements. The Audit Committee is primarily responsible for approving the services performed by the Company’s independent registered public accounting firm and reviewing the Company’s accounting practices and systems of internal accounting controls. It also oversees related-party transactions. The Audit Committee held four meetings in 2024 and consists of Mr. Limber (Chair), Ms. Hernday and Mr. Wyszomierski. Each of Mr. Limber, Ms. Hernday and Mr. Wyszomierski qualifies as an “audit committee financial expert,” as that term is defined in the rules and regulations established by the SEC, and all members of the Audit Committee are “financially literate” under Nasdaq listing rules. The Board has adopted a written charter for the Audit Committee, a copy of which is available on the Company’s website at investors.xoma.com/corporate-governance/governance-documents. Report of the Audit Committee In accordance with the rules established by the SEC, the Audit Committee has prepared the following report for inclusion in this proxy statement: The Audit Committee has:

| • |     | met with management periodically to consider the adequacy of the Company’s internal controls and the objectivity of its financial reporting and discussed these matters with the Company’s independent registered public accounting firm and with appropriate Company financial personnel; |

| • |     | regularly met in executive session with the independent registered public accounting firm, which has unrestricted access to the Audit Committee; |

| • |     | recommended the appointment of the independent registered public accounting firm and reviewed periodically its performance and independence from management; |

| • |     | discussed with the independent auditor the matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board (“PCAOB”) and SEC rules; and |

| • |     | received the written disclosures and the letter from the independent auditor required by the applicable requirements of the PCAOB regarding the independent auditor’s communications with the Audit Committee concerning independence and has discussed with the independent auditor its independence. |

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Based on the review and discussions referred to above, the Audit Committee recommended to the Board that the audited consolidated financial statements be included in the Company’s Annual Report on Form 10-Kfor the year ended December 31, 2024 for filing with the SEC.

| AUDIT COMMITTEE OF BOARD OF DIRECTORS, 
 Joseph M. Limber, Chair                
 Natasha Hernday                        
 Jack L. Wyszomierski                   |

This Section is not “soliciting material,” is not deemed “filed