Form 8-K - Current report

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): November 15, 2023 (November 13, 2023)

BION ENVIRONMENTAL TECHNOLOGIES, INC.

Exact name of Registrant as Specified in its Charter

Colorado		000-19333		84-1176672
State or Other Jurisdiction of Incorporation		Commission File Number		IRS Employer Identification Number

9 East Park Court

Old Bethpage, New York 11804

Address of Principal Executive Offices, Including Zip Code

516-586-5643

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:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-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 class		Trading Symbol(s)		Name of each exchange on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in 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 ¨

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. ¨

Item 5.02 Departure of Directors or Certain Officers.

Item 7.01 Regulation FD Disclosure.

On November 11, 2023, Dominic Bassani, who served in senior executive positions with the Company for two decades (and still held the title of Chief Operating Officer on said date) passed away after an extended period of hospitalization and multiple years of battling his final illness. All his management duties and responsibilities were transitioned to other Bion personnel in earlier periods.

On November 13, 2023, the Company issued a press release entitled “Bion’s former CEO and Technology Co-inventor Passes” which press release has been placed on the Investors page of our website.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press Release titled “Bion’s former CEO and Technology Co-inventor Passes” (November 13, 2023)
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BION ENVIRONMENTAL TECHNOLOGIES, INC.


	By:	*/s/ Mark A. Smith*
Date: November 15, 2023	Name:	Mark A. Smith, President

Exhibit 99.1

Bion’s former CEO and Technology Co-inventor Passes

November 13, 2023. New York. New York. Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment technology and premium sustainable beef, acknowledged the passing on Saturday of Dominic Bassani, the company’s former Chief Executive Officer, after an extended illness. The Bion team extends its condolences and best wishes to the Bassani family.

Mr. Bassani’s association with Bion began as a consultant in 2000, with a focus on strategic planning and special projects. In 2006, he assumed the role of CEO. As the driving force behind the development of Bion’s second and third generation technologies, his legacy will be pioneering solutions to one of the greatest environmental problems in the world today: the air and water quality impacts from livestock production. He was a co-inventor of Bion’s third generation technology platform – our Gen3Tech and patented Ammonia Recovery System – that represents the state-of-the-art in comprehensive waste treatment and nutrient recovery for livestock and other concentrated organic waste streams.

Mr. Bassani stepped down as Bion’s CEO in 2022, when Bion began the transition from R&D to commercialization of its technology. He remained as Chief Operating Officer, but due to an extended period of hospitalization and the years of battling his final illness, all his management duties and responsibilities were transferred to other members of the team he built.

Bill O’Neill, Bion’s CEO, said, “It was Dom’s vision of bringing both environmental AND economic sustainability to the livestock industry that attracted me to Bion and the opportunity for foundational change that it represents. He will be remembered for his drive and determination that have put Bion in a position to do great things, both for its shareholders, as well as the planet we live on.

To the Bassani family: you have our deepest condolences, and we look forward to completing his mission.”

_________________________________

About Bion: Bion’s patented 3^rd generation technology platform (Gen3Tech) minimizes environmental impacts from large-scale livestock production. The platform will simultaneously increase resource efficiencies and revenues by upcycling byproducts, producing PV solar and Renewable Natural Gas, and deliver sustainably produced branding (and premium pricing) for the protein products produced – meat, milk, etc. Bion is focused on developing state-of-the-art indoor cattle feeding operations that will produce premium sustainable beef, with a USDA-certified brand. Byproducts include clean water and unique low-carbon and organic nitrogen fertilizer products. Learn more at https://bionenviro.com.

This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words ‘will’, ‘position to’, ‘look forward to’, and similar expressions identify certain forward-looking statements that are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.

Contact Information:

Craig Scott

SVP, Director of Communications

303-898-4945 direct

Cover	Nov. 13, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Nov. 13, 2023
Entity File Number	000-19333
Entity Registrant Name	BION ENVIRONMENTAL TECHNOLOGIES, INC.
Entity Central Index Key	0000875729
Entity Tax Identification Number	84-1176672
Entity Incorporation, State or Country Code	CO
Entity Address, Address Line One	9 East Park Court
Entity Address, City or Town	Old Bethpage
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11804
City Area Code	516
Local Phone Number	586-5643
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false