secwatch.observer — SEC 8-K summary
======================================

Issuer:     PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB)
CIK:        0001299130
Form:       8-K
Filed at:   2024-12-13T23:59:59+00:00
Accession:  0001299130-24-000200
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Pacific Biosciences amends CEO/COO severance: lump sum 12-18 months salary, extended change-of-control window
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1299130/000129913024000200/0001299130-24-000200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1299130/000129913024000200/pacb-20241211.htm
  HTML page:      https://secwatch.observer/filing/0001299130-24-000200

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer