Pacific Biosciences of California (PACB) AGM 2024 summary

Opening remarks and agenda

• The meeting was called to order by the CEO, who outlined the agenda and introduced the board and executive team in attendance.

• The agenda included formal proposals, voting, and a Q&A session for stockholders.

Board and executive committee updates

• Directors and key executives, including the CFO, Chief People Officer, and General Counsel, were introduced as present.

• The Inspector of Election, legal counsel, and the independent auditor from Ernst & Young were also in attendance.

Shareholder proposals

• Six proposals were presented: election of Class II directors, ratification of the auditor, advisory vote on executive compensation, amendment to the 2020 Equity Incentive Plan, declassification of the board, and limitation of officer liability.