6 unchanged sentences
Management conducted an assessment of the effectiveness of our internal control over financial reporting based on the criteria set forth in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework).
−Removed: Based on that assessment, management has concluded that our internal control over financial reporting was effective as of December 31, 2020 to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements in accordance with GAAP.
+Added: Based on that assessment, management has concluded that our internal control over financial reporting was effective as of December 31, 2021 to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements in accordance with GAAP.
The effectiveness of our internal control over financial reporting as of December 31, 2021 has been audited by an independent registered public accounting firm, as stated in their report, which is included below.
6 unchanged sentences
In our opinion, Adaptive Biotechnologies Corporation (the Company) maintained, in all material respects, effective internal control over financial reporting as of December 31, 2021, based on the COSO criteria.
−Removed: We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the balance sheets of Adaptive Biotechnologies Corporation as of December 31, 2020 and 2019, the related statements of operations, comprehensive loss , convertible preferred stock and shareholders' (deficit) equity and cash flows for each of the three years in the period ended December 31, 2020, and the related notes and our report dated February 24, 2021 expressed an unqualified opinion thereon.
+Added: We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (the PCAOB), the consolidated balance sheets of the Company as of December 31, 2021 and 2020, the related consolidated statements of operations, comprehensive loss, convertible preferred stock and shareholders’ (deficit) equity and cash flows for each of the three years in the period ended December 31, 2021, and related notes and our report dated February 15, 2022 expressed an unqualified opinion thereon.
Basis for Opinion
7 unchanged sentences
We believe that our audit provides a reasonable basis for our opinion.
−Removed: Definition and Limitations of Internal Control Over Financial Reporting
+Added: Definition and Inherent Limitations of Internal Control Over Financial Reporting
A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
9 unchanged sentences
Not applicable.
+Added: Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
+Added: Not applicable .
Directors, Executive Officers and Corporate Governance
10 unchanged sentences
The following documents are filed as part of this Annual Report on Form 10-K :
−Removed: All Financial Statements
−Removed: See Index to Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K .
+Added: Financial Statements
+Added: See Index to Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K .
Financial Statement Schedules
−Removed: All financial statement schedules have been omitted since the required information was not applicable or was not present in amounts sufficient to require submission of the schedules, or because the information required is included in the financial statements or the accompanying notes.
+Added: All financial statement schedules have been omitted since the required information was not applicable or was not present in amounts sufficient to require submission of the schedules, or because the information required is included in the consolidated financial statements or the accompanying notes.
The exhibits listed in the following Index to Exhibits are filed, furnished or incorporated by reference as part of this Annual Report on Form 10-K .
6 unchanged sentences
Seventh Amended and Restated Investors' Rights Agreement among the Registrant and certain of its shareholders, dated May 30, 2019
−Removed: Warrant dated April 21, 2014, issued by the Registrant to Alexandria Equities, LLC
Description of Securities
7 unchanged sentences
Form of Amended and Restated Employment Agreement between the Registrant and certain of its executive officers
−Removed: Incorporated by Reference
−Removed: Exhibit Title
−Removed: Filed/Furnished
Form of Amended and Restated Employment Agreement between the Registrant and each of Lance Baldo, MD and Francis T.
Form of Restated Non-Employee Director Change in Control Agreement between the Registrant and each of its non-employee directors
−Removed: Executive Severance Agreement between the Registrant and Chad Cohen, dated May 1, 2019
Executive Severance Agreement between the Registrant and Lance Baldo, MD, dated April 22, 2019
+Added: Incorporated by Reference
+Added: Exhibit Title
+Added: Filed/Furnished
Form of Executive Severance Agreement between the Registrant and certain of its executive officers
−Removed: Form of Indemnification Agreement between the Registrant and each of its directors and executive officers
+Added: Form of Indemnification Agreement between the Registrant and its directors and executive officers
Adaptive Biotechnologies Corporation Non-Employee Director Compensation Policy
15 unchanged sentences
12, LLC, dated August 2, 2019
−Removed: IVD Test Kit Development and Supply Agreement between Illumina, Inc.
−Removed: and Adaptive Biotechnologies Corporation, effective September 23, 2019
−Removed: Incorporated by Reference
−Removed: Exhibit Title
−Removed: Filed/Furnished
List of Subsidiaries
2 unchanged sentences
Certification of Principal Executive Officer pursuant to Rule 13a‑14(a) or Rule 15d‑14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
−Removed: Certification of Principal Financial and Accounting Officer pursuant to Rule 13a‑14(a) or Rule 15d‑14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
+Added: Certification of Principal Financial Officer pursuant to Rule 13a‑14(a) or Rule 15d‑14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
+Added: Incorporated by Reference
+Added: Exhibit Title
+Added: Filed/Furnished
Certification of Principal Executive Officer pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: Certification of Principal Financial and Accounting Officer pursuant to 18 U.S.C.
+Added: Certification of Principal Financial Officer pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
23 unchanged sentences
Chief Financial Officer
−Removed: (Principal Financial and Accounting Officer)
−Removed: February 24, 2021
−Removed: /s/ Kevin Conroy
+Added: (Principal Financial Officer)
February 15, 2022
−Removed: /s/ Eric Dobmeier
−Removed: Eric Dobmeier
+Added: /s/ Kyle Piskel
+Added: VP, Principal Accounting Officer
+Added: (Principal Accounting Officer)
February 15, 2022
−Removed: /s/ David Goel
+Added: /s/ Kevin Conroy
February 15, 2022
8 unchanged sentences
February 15, 2022
+Added: /s/ Katey Owen
+Added: Katey Owen, PhD
+Added: February 15, 2022
/s/ Michael Pellini
1 unchanged sentence
February 15, 2022
+Added: /s/ Leslie Trigg
+Added: February 15, 2022
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.