Cibus names Craig Wichner chief executive; Peter Beetham returns as president and COO
Cibus, Inc. appointed Craig Wichner, a director since November 2025 and founder of Farmland LP, as Chief Executive Officer effective June 8, 2026, ending Peter Beetham's interim CEO role that began in February 2025. Both Wichner and Beetham resigned from the Board, and the authorized number of directors was reduced to seven. The filing discloses Wichner's pay package and a cut to Beetham's 2026 base salary, but it contains no financial results or guidance.
Key points
- Wichner's employment agreement sets a base salary of $650,000, plus a discretionary annual bonus and annual incentive equity award.
- Wichner received a restricted stock unit award and a stock option award, each with a grant date fair value of $1,100,000, vesting 25% annually over four years.
- Beetham's 2026 base salary was reduced from $650,000 to $585,000 given his change in role.
- Wichner's standard severance is 18 months of base salary; under a change in control it is 24 months.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.