{"schema_version":"secwatch.filing_event.v1","accession":"0001299130-26-000053","form_type":"8-K","ticker":"PACB","cik":"0001299130","company_name":"PACIFIC BIOSCIENCES OF CALIFORNIA, INC.","filed_at":"2026-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.745868+00:00","generated_at":"2026-05-15T18:34:41.371050+00:00","sec_items":["5.02","7.01"],"event_type":"litigation","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"PACB settles patent lawsuit with PGI, will pay $23M to $25M; CAO resigns","bullets":["Michele Farmer resigns as CAO effective March 21, 2026; no severance or disagreement.","CFO Jim Gibson assumes principal accounting officer role; no compensation change.","Binding term sheet with Personal Genomics of Taiwan (PGI) resolves all patent claims and counterclaims.","PACB receives worldwide non-exclusive license to US Patent 7,767,441 and 5.5-year covenant not to sue.","Payments: $8M in Q1 2026, then $5M each Q1 of 2027-2029; 2027 payment may rise up to $2M if revenue thresholds met."],"urls":{"canonical":"https://secwatch.observer/filing/0001299130-26-000053","json":"https://secwatch.observer/filing/0001299130-26-000053.json","markdown":"https://secwatch.observer/filing/0001299130-26-000053.md","text":"https://secwatch.observer/filing/0001299130-26-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1299130/000129913026000053/0001299130-26-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1299130/000129913026000053/pacb-20260302.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T18:34:41.371050+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}