ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;


           APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
           OFFICERS

On May 26, 2020, the Board of Directors of Pacific Biosciences of California, Inc. (the "Company") appointed Eric E. Schaefer to the role of Vice President and Chief Accounting Officer, designating him as the Company's principal accounting officer, effective immediately. As a result, Mr. Schaefer succeeded Susan K. Barnes as the Company's principal accounting officer.

Mr. Schaefer, age 40, was previously the Company's Senior Director, Corporate Controller since March 2019 and previously served as the Company's Assistant Controller since June 2012. Prior to joining the Company, Mr. Schaefer served as an auditor at PricewaterhouseCoopers from 2005 to 2012, most recently as Audit Manager. Mr. Schaefer holds a B.S. in Accounting from Brigham Young University and is a certified public accountant.

Mr. Schaefer will receive a base salary of $235,000 and be eligible for a bonus up to 35% of base salary in connection with his appointment. There is no arrangement or understanding between Mr. Schaefer and any other persons pursuant to which Mr. Schaefer was selected as Chief Accounting Officer. There are no family relationships between Mr. Schaefer and any director or executive officer of the Company, and no transactions involving Mr. Schaefer that would require disclosure under Item 404(a) of Regulation S-K.


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