Company: PACB
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001299130-25-000090
Chunk: 26

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 26
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 to our Science and Technology Committee in February 2025.

#### Audit Committee
Our Audit Committee oversees our corporate accounting and financial reporting process and assists the Board of Directors in monitoring our financial systems and our legal and regulatory compliance. Our Audit Committee is responsible for, among other things:

• appointing and overseeing and evaluating the independence and qualifications of our independent auditor;

#### •

#### approving audit and non-audit services;
• reviewing our internal controls and the integrity of our financial statements;

• reviewing the presentation of financial information, earnings press releases and guidance;

• setting hiring policies with regard to the hiring of employees or former employees of our independent auditor and overseeing compliance with such policies;

• reviewing, approving and monitoring related party transactions;

• reviewing and monitoring compliance with our Code of Business Conduct;

• adopting and overseeing procedures to address complaints received by us regarding accounting, internal accounting controls or auditing matters;

• reviewing and discussing with management (a) the overall adequacy and effectiveness of our legal, regulatory and ethical compliance programs and (b) reports regarding compliance with applicable laws, regulations and internal compliance programs; and

• reviewing and monitoring compliance with our investment policies.

Our Board of Directors has determined that each member of the Audit Committee meets the financial literacy requirements under the rules of Nasdaq and the SEC and each member of our Audit Committee qualifies as an audit committee financial expert as defined under SEC rules and regulations. We believe that the composition of our Audit Committee meets the requirements for independence under, and the functioning of our Audit Committee complies with, all applicable requirements of The Nasdaq Stock Market and SEC rules and regulations.

| 2025 Proxy Statement |     | 19 |

TABLE OF CONTENTS

#### Compensation Committee
Our Compensation Committee oversees our corporate compensation policies, plans and programs. The Compensation Committee is responsible for, among other things:

• reviewing and approving the compensation of our executive officers other than our Chief Executive Officer and reviewing and recommending for approval to our Board of Directors the compensation of our Chief Executive Officer;

• reviewing, approving and administering our employee compensation plans;

• advising our Board of Directors on management proposals to stockholders on executive compensation matters, including advisory votes on executive compensation;

• establishing, and periodically reviewing, our employee compensation plans, policies and practices;

• reviewing, approving or making recommendations to our Board of Directors regarding the adoption, amendment or termination of any clawback policy and administering the same;

• reviewing and advising our Board of Directors on director compensation; and

• in consultation with management, overseeing regulatory compliance with respect to compensation matters.