Calyxt appoints Michael A. Carr as President and CEO effective July 27; Yves Ribeill steps down as executive chair

Cibus, Inc.

Carr, formerly VP M&A at Darling Ingredients, becomes President and CEO on July 27, 2021.
Base salary of $500,000, new-hire bonus of $450,000, and equity awards including 200k options, 50k RSUs, and 600k PSUs.
PSUs vest at stock price thresholds of $12, $15, $20 per share over three years.
Ribeill resigns as executive chair effective Aug 6, 2021, remains on board as non-executive chairman.
Carr also appointed to the board, expanding it to eight directors.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michael A. Carr

President and Chief Executive Officer

CBUS · Cibus, Inc.

Effective: 2021-07-27
Filed: July 15, 2021, 7:59 PM ET

Michael A. Carr will join the Company, effective July 27, 2021 (the “Start Date”), as its President and Chief Executive Officer.

Appointed

Michael A. Carr

Director

CBUS · Cibus, Inc.

Effective: 2021-07-27
Filed: July 15, 2021, 7:59 PM ET

the Company’s Board also approved an increase in the number of directors on the Board from seven to eight and appointed Mr. Carr, effective as of the Start Date, to the Board of Directors to fill the newly created directorship.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael A. Carr was appointed as President and Chief Executive Officer at Cibus, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Michael A. Carr will join the Company, effective July 27, 2021 (the “Start Date”), as its President and Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael A. Carr was appointed as Director at Cibus, Inc..

Action: appointed
Role: Director

Exact text from the filing

the Company’s Board also approved an increase in the number of directors on the Board from seven to eight and appointed Mr. Carr, effective as of the Start Date, to the Board of Directors to fill the newly created directorship.

View on SEC.gov

Cibus, Inc. filing history →

Source: SEC EDGAR

accession 0001564590-21-036750

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