Cibus, Inc. — Form 10-Q
Filed August 13, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 68/100
What the filing says
Cibus hired Craig Wichner as Chief Executive Officer effective June 8, 2026. Compensation: $650,000 base salary annually, plus discretionary annual bonus, plus initial equity awards (RSU + options) each valued at $1.1M (totaling $2.2M in equity grants) vesting over 4 years. Severance: 18 months base salary if terminated without cause; 24 months base salary + bonus if terminated in connection with change of control. CEO has permitted outside activities including Farmland LP (managing partner role), Wichner AI Technology ownership, and board/advisory positions on existing entities.
Why this rating
CEO hire is material for a $47M company—sets strategic direction and compensation is ~4.6% of market cap. Standard executive package, not transformational, but substantive leadership event.
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