8-K
BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)
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 ofReport (Date of earliest event reported): November 15, 2023 (November13, 2023**)**
BION
ENVIRONMENTAL TECHNOLOGIES, INC.
Exact name of Registrant
as Specified in its Charter
| Colorado | 000-19333 | 84-1176672 |
|---|---|---|
| State or Other Jurisdiction<br> of Incorporation | Commission File Number | IRS Employer Identification<br> Number |
9
East Park Court
OldBethpage**, NewYork**
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<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement<br> 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<br> 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 orCertain 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’sformer 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<br> Release titled “Bion’s former CEO and Technology Co-inventor Passes”<br> (November 13, 2023) |
| 104 | Cover Page Interactive Data File<br> (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,<br> 2023 | Name: | Mark A. Smith, President |
Exhibit 99.1
Bion’s former CEOand 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 statementsbased 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 PrivateSecurities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties thatcould result in actual results differing materially from expected outcomes.
Contact Information:
Craig Scott
SVP, Director of Communications
303-898-4945 direct