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): December 8, 2022 (December5, 2022)
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 4.01 CHANGE OF REGISTRANT’S CERTIFYINGACCOUNTANT.
On December 7, 2022, Bion Environmental Technologies, Inc. (“Bion” or the “Company”) entered into an engagement letter with Haynie & Company (“Haynie”) to serve as our certifying accountants commencing with the quarter ending December 31, 2022 through the audit of our fiscal year ending June 30, 2023.
On December 5, 2022 Eide Bailly LLP, (“Eide Bailly”), Bion’s certifying accountants since January 2017, resigned as the independent registered public accounting firm of the Company, effective immediately.
The Company’s Board of Directors approved both the engagement of Haynie and the resignation of Eide Bailly.
Since its appointment as our independent registered accounting firm during 2017, Eide Bailly has completed the audit of our consolidated financial statements for the fiscal years ended June 30, 2017 through June 30, 2022 and reviewed our consolidated financial statements for the quarters of each such year and for the quarter ended September 30, 2022.
During the two years ended June 30, 2022 and through December 5, 2022, there were (i) no disagreements between the Company and Eide Bailly on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreement, if not resolved to the satisfaction of Eide Bailly, would have caused Eide Bailly to make reference thereto in their reports on the consolidated financial statements for such years, and (ii) no “reportable events” as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
Eide Bailly has furnished Bion with a letter addressed to the Securities and Exchange Commission stating whether or not Eide Bailly agrees with the above statements. A copy of such letter, dated December 7, 2022, is attached as Exhibit 16.1.
During the Company’s two fiscal years ended June 30, 2022, the quarter ended September 30, 2022 and in the subsequent interim period through December 5, 2022, the Company has not consulted with Haynie regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and neither a written report nor oral advice was provided to the Company that Haynie concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K).
Item 9.01 Financial
Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
|---|---|
| 16.1 | Letter from Eide Bailly dated December 7, 2022 |
| 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: December 8, 2022 | Name: | Mark A. Smith, President |
EXHIBIT 16.1
December 7, 2022
Securities and Exchange Commission
100 F Street NE
Washington, DC 20549
Commissioners:
On December 5, 2022, we resigned as the independent registered public accounting firm for Bion Environmental Technologies, Inc. (the Company).
We have read the statements made by Bion Environmental Technologies, Inc., which we understand will be filed with the Securities and Exchange Commission, pursuant to Item 4.01 of Form 8-K, as part of the Form 8-K of Bion Environmental Technologies, Inc., dated December 8, 2022, and are in agreement with the disclosures in the referenced Form 8-K, insofar as they pertain to our firm. We have not been requested to, nor are we providing any representations related to the other disclosures included in this Form 8-K.
Very truly yours,
Eide Bailly LLP