other material
confidence high
sentiment neutral
materiality 0.50
Pacific Biosciences amends CEO/COO severance: lump sum 12-18 months salary, extended change-of-control window
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
- CEO Christian Henry receives lump sum cash severance equal to 18 months of base salary.
- COO Mark Van Oene receives lump sum cash severance equal to 12 months of base salary.
- Change-of-control period expanded to include 3 months prior to a change in control.
- Company also amended and restated the form change-in-control agreement for all executive officers.