Cibus Inc.
11/10/2025 | Press release | Distributed by Public on 11/10/2025 15:38
Management Change/Compensation (Form 8-K)
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On November 5, 2025, the Board of Directors (the "Board") of Cibus, Inc. (the "Company") appointed Craig Wichner to serve as a member of the Board, effective as of such date. Mr. Wichner will also serve as a member of the Board's standing Strategy Committee, effective as of such date.
Mr. Wichner, 56, is the Founder and Managing Partner of Farmland LP ("Farmland"), a leading U.S. farmland investment management firm with more than $350 million in assets and over 19,000 acres under management. He founded Farmland in 2009 to demonstrate that organic and regenerative farmland management can enhance both soil health and long-term investment performance. Prior to founding Farmland, Mr. Wichner founded and managed several technology and investment companies focused on data-driven business models and sustainable growth. He previously served on the Board of Directors of BN Ranch, the successor company to Niman Ranch, which was acquired by Blue Apron Holdings, Inc. (NYSE: APRN). He also manages private family real estate holdings. Mr. Wichner holds a Bachelor of Science degree in Biochemistry and Molecular Biology with a minor in Economics from the University of California, San Diego.
There are no arrangements or understandings between Mr. Wichner and any other persons pursuant to which Mr. Wichner was named as a director of the Board. Mr. Wichner has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.
In accordance with the Company's customary practice, the Company entered into its standard form of indemnification agreement for directors and executive officers with Mr. Wichner in connection with his election to the Board. Pursuant to the Company's Non-Employee Director Compensation Policy, the Board agreed to provide Mr. Wichner with annual compensation comprising (i) a cash retainer equal to $60,000, payable semi-annually, and (ii) subject to Board approval and granting pursuant to the terms and provisions of the Cibus, Inc. 2017 Omnibus Incentive Plan, as amended, equity compensation with a grant date value equal to $90,000. Such annual compensation will be prorated for Mr. Wichner's service for the remainder of the 2025 fiscal year.
Officers; Compensatory Arrangements of Certain Officers.
On November 5, 2025, the Board of Directors (the "Board") of Cibus, Inc. (the "Company") appointed Craig Wichner to serve as a member of the Board, effective as of such date. Mr. Wichner will also serve as a member of the Board's standing Strategy Committee, effective as of such date.
Mr. Wichner, 56, is the Founder and Managing Partner of Farmland LP ("Farmland"), a leading U.S. farmland investment management firm with more than $350 million in assets and over 19,000 acres under management. He founded Farmland in 2009 to demonstrate that organic and regenerative farmland management can enhance both soil health and long-term investment performance. Prior to founding Farmland, Mr. Wichner founded and managed several technology and investment companies focused on data-driven business models and sustainable growth. He previously served on the Board of Directors of BN Ranch, the successor company to Niman Ranch, which was acquired by Blue Apron Holdings, Inc. (NYSE: APRN). He also manages private family real estate holdings. Mr. Wichner holds a Bachelor of Science degree in Biochemistry and Molecular Biology with a minor in Economics from the University of California, San Diego.
There are no arrangements or understandings between Mr. Wichner and any other persons pursuant to which Mr. Wichner was named as a director of the Board. Mr. Wichner has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.
In accordance with the Company's customary practice, the Company entered into its standard form of indemnification agreement for directors and executive officers with Mr. Wichner in connection with his election to the Board. Pursuant to the Company's Non-Employee Director Compensation Policy, the Board agreed to provide Mr. Wichner with annual compensation comprising (i) a cash retainer equal to $60,000, payable semi-annually, and (ii) subject to Board approval and granting pursuant to the terms and provisions of the Cibus, Inc. 2017 Omnibus Incentive Plan, as amended, equity compensation with a grant date value equal to $90,000. Such annual compensation will be prorated for Mr. Wichner's service for the remainder of the 2025 fiscal year.
Cibus Inc. published this content on November 10, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on November 10, 2025 at 21:38 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]