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New Cibus (CBUS) director Thomas Urban joins Board with cash and equity pay

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(High)
Filing Sentiment
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Form Type
8-K

Rhea-AI Filing Summary

Cibus, Inc. reported that its Board of Directors appointed Thomas Urban as a director, effective April 7, 2026. Urban is the founder of Agribusiness Advisors and has held leadership roles at CellFor, ArborGen, and Pioneer Hi-Bred International, and began his career at Goldman Sachs.

He will enter into the company’s standard indemnification agreement for directors and, under the Non-Employee Director Compensation Policy, will receive a $60,000 annual cash retainer and equity awards with a grant date value of $90,000, both prorated through the next annual shareholder meeting.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Annual cash retainer $60,000 Non-Employee Director Compensation Policy for Thomas Urban, payable semi-annually
Annual equity grant value $90,000 Grant date value of equity compensation for Thomas Urban, subject to Board approval
Effective appointment date April 7, 2026 Date Thomas Urban began service on the Cibus Board
Item 5.02 regulatory
"Item 5.02. Departure of Directors or Certain Officers; Election of Directors;"
indemnification agreement financial
"the Company entered into its standard form of indemnification agreement for directors"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
Non-Employee Director Compensation Policy financial
"Pursuant to the Company’s Non-Employee Director Compensation Policy, the Board agreed"
2017 Omnibus Incentive Plan financial
"granting pursuant to the terms and provisions of the Cibus, Inc. 2017 Omnibus Incentive Plan"
emerging growth company regulatory
"Emerging growth company o o Item 5.02."
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Understanding 8-K Material Events →
0001705843FALSE00017058432025-04-072026-04-07

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
FORM 8-K
______________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: (Date of earliest event reported): April 7, 2026
______________________
Cibus, Inc.
(Exact name of registrant as specified in its charter)
______________________
Delaware001-3816127-1967997
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)
6455 Nancy Ridge Drive
San Diego, CA
92121
(Address of principal executive offices)(Zip Code)
(858) 450-0008
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
______________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
Symbol(s)		Name of exchange
on which registered
Class A Common Stock, $0.0001 par value per shareCBUSThe NASDAQ Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


Item 5.02.     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
         Officers; Compensatory Arrangements of Certain Officers.

On April 7, 2026, the Board of Directors (the “Board”) of Cibus, Inc. (the “Company”) appointed Thomas Urban to serve as a member of the Board, effective as of such date.

Mr. Urban, 61, is the founder of Agribusiness Advisors, a firm he formed in 2013 focused on providing advisory, investment and entrepreneur support to early-stage companies focused on agriculture. Prior to forming Agribusiness Advisors, Mr. Urban was the chief executive officer of CellFor, Inc. from 2004 to 2012 when it was acquired by ArborGen, served in various leadership positions around the world from 1990 to 2002 with Pioneer Hi-Bred International, including after its acquisition by E.I. DuPont de Nemours in 1999, and began his career in mergers and acquisitions at Goldman, Sachs & Co. in 1988. Mr. Urban has also served as an entrepreneur in residence at the University of British Columbia since 2013. Mr. Urban received his undergraduate degree from Middlebury College and holds a Master of Business Administration from the Harvard Graduate School of Business.

There are no arrangements or understandings between Mr. Urban and any other persons pursuant to which Mr. Urban was named as a director of the Board. Mr. Urban 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. Urban in connection with his election to the Board. Pursuant to the Company’s Non-Employee Director Compensation Policy, the Board agreed to provide Mr. Urban 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. Urban’s service through the upcoming annual meeting of the Company’s shareholders.


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Cibus, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: April 10, 2026
CIBUS, INC.
By:/s/ Peter Beetham
Name:Peter Beetham
Title:Interim Chief Executive Officer

Source: View Original Filing on SEC EDGAR

FAQ

What did Cibus (CBUS) announce in this Form 8-K?

Cibus announced the appointment of Thomas Urban to its Board of Directors, effective April 7, 2026. The filing outlines his professional background, confirms there are no related-party transactions, and details his standard director indemnification and compensation arrangements under the company’s policies.

Who is Thomas Urban, the new director at Cibus (CBUS)?

Thomas Urban is the founder of Agribusiness Advisors, formed in 2013 to advise and invest in early-stage agriculture companies. He previously served as CEO of CellFor, held leadership roles at Pioneer Hi-Bred International, worked in mergers and acquisitions at Goldman Sachs, and holds an MBA from Harvard.

What compensation will Thomas Urban receive as a Cibus (CBUS) director?

Under Cibus’ Non-Employee Director Compensation Policy, Thomas Urban will receive a $60,000 annual cash retainer, payable semi-annually, plus equity compensation with a grant date value of $90,000, subject to Board approval. Both components will be prorated for his service through the upcoming annual shareholder meeting.

Did Cibus (CBUS) provide an indemnification agreement to Thomas Urban?

Yes. Consistent with Cibus’ customary practice, the company entered into its standard form of indemnification agreement for directors and executive officers with Thomas Urban in connection with his election to the Board, providing certain protections for actions taken in his official capacity.

When did Thomas Urban’s appointment to the Cibus (CBUS) Board become effective?

Thomas Urban’s appointment to the Cibus Board of Directors became effective on April 7, 2026, which is also identified as the earliest event date in the Form 8-K. His compensation for Board service will be prorated from that date through the next annual shareholder meeting.

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