secwatch.observer — SEC 8-K summary
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Issuer:     Cibus, Inc. (CBUS)
CIK:        0001705843
Form:       8-K
Filed at:   2021-07-15T23:59:59+00:00
Accession:  0001564590-21-036750
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705843/000156459021036750/0001564590-21-036750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705843/000156459021036750/clxt-8k_20210713.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-036750

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer