Cibus Inc.
10/01/2024 | Press release | Distributed by Public on 10/01/2024 05:46
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. |
Cibus, Inc. (the "Company") previously announced in its Current Report on Form 8-Kfiled on August 21, 2024 that it intended to appoint Cornelis (Carlo) Broos, the Company's Senior Vice President of Finance, to serve as Interim Chief Financial Officer in connection with Wade King's departure from the role of Chief Financial Officer.
On October 1, 2024, the Company's Board of Directors formally appointed Mr. Broos as the Company's Interim Chief Financial Officer, effective immediately.
Mr. Broos, age 53, has served as Senior Vice President of Finance of the Company since 2024 and has significant public finance, accounting and audit experience. Prior to his current role, Mr. Broos previously served as the Company's Vice President of Finance and Business Development after joining the Company in 2011. Before joining the Company, Mr. Broos served as the Head of Finance (Services) for Syngenta Europe Africa Middle East from 2008 to 2011, as CFO Netherlands and CFO Belgium for Syngenta from 2005 to 2008, as Group Controller for Advanta from 2002 to 2005 and as Audit Manager at Deloitte (Netherlands) from 1995 to 2002. Mr. Broos completed a Master of Science in Business Administration from Radboud University in 1995 and completed a post-master program in accountancy at Tilburg University in the Netherlands in 1999, becoming Registered Accountant (the equivalent of a CPA) in the Netherlands.
Mr. Broos has no other direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-Kpromulgated under the Securities Exchange Act of 1934, nor are any such transactions currently proposed. There are no arrangements or understandings between Mr. Broos and any other persons pursuant to which Mr. Broos is being appointed as Interim Chief Financial Officer, and there are no family relationships between Mr. Broos and any director or executive officer of the Company.
No new compensatory arrangements are being entered into in connection with the appointment of Mr. Broos as Interim Chief Financial Officer.
Mr. King will remain employed by the Company in a non-executiverole during his previously announced leave of absence.