8-K
filed May 26, 2023, 7:59 PM ET
ticker PACB
CIK 0001299130
other material
confidence high
sentiment neutral
materiality 0.15
Pacific Biosciences stockholders reject classified board retention in advisory vote
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
- Elected Class I directors Henry, Milligan, Shapiro with >178M votes each for three-year terms.
- Ratified Ernst & Young as independent auditor for FY2023 (218.3M for, 622.6K against).
- Advisory say-on-pay approved with 178.1M votes for, 14.6M against.
- Say-on-pay frequency: 1 year preferred (134.2M votes) over 3 years (58.3M).
- Advisory vote on retaining classified board: 136.3M against, 32.3M for, with 24.3M abstentions.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. shareholders approved Election of Three Class I Directors at the 2023-05-24 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Proposal 1: Election of Three Class I Directors Name of Director For Against Abstain Broker Non-Votes Christian O. Henry 189,711,865 3,089,347 58,199 26,806,673 John F. Milligan, Ph.D. 190,066,819 2,674,761 117,831 26,806,673 Lucy Shapiro, Ph.D. 178,044,672 14,703,637 111,102 26,806,673
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. shareholders approved Advisory Vote to Approve the Frequency of Future Advisory Votes on Named Executive Officer Compensation at the 2023-05-24 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Proposal 4: Advisory Vote to Approve the Frequency of Future Advisory Votes on Named Executive Officer Compensation Every 1 Year Every 2 Years Every 3 Years Abstain Broker Non-Votes 134,152,334 238,320 58,328,847 139,910 26,806,673
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. shareholders approved Ratification of the Appointment of Independent Registered Public Accounting Firm at the 2023-05-24 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Proposal 2: Ratification of the Appointment of Independent Registered Public Accounting Firm For Against Abstain Broker Non-Votes 218,312,891 622,576 730,617 -
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2023-05-24 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Proposal 3: Advisory Vote to Approve Named Executive Officer Compensation. For Against Abstain Broker Non-Votes 178,087,666 14,553,090 218,655 26,806,673
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. shareholders rejected Advisory Vote to Approve the Retention of the Classified Structure of the Corporation's Board at the 2023-05-24 meeting.
- Proposal
- say on pay
- Outcome
- failed
- Meeting
- 2023-05-24
Exact text from the filing
Proposal 5: Advisory Vote to Approve the Retention of the Classified Structure of the Corporation’s Board For Against Abstain Broker Non-Votes 32,282,459 136,324,990 24,251,959 26,806,676
View on SEC.gov
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