Bion Environmental Technologies Appoints New CEO

TL;DR

Bion Environmental Technologies has a new CEO, Dr. Robert L. Smith, effective June 17th.

AI Summary

Bion Environmental Technologies, Inc. announced on June 20, 2024, that its Board of Directors appointed Dr. Robert L. Smith as Chief Executive Officer, effective June 17, 2024. Dr. Smith, who has been a director since 2021, will also continue his role as Chief Technology Officer. The company also announced the resignation of its previous CEO, Walter G. Wright, Jr., and the appointment of Mr. David L. Smith as interim Chief Financial Officer.

Why It Matters

This leadership change at Bion Environmental Technologies could signal a shift in strategic direction or operational focus for the company.

Risk Assessment

Risk Level: medium — Leadership changes can introduce uncertainty regarding future strategy and execution, impacting the company's performance.

Key Players & Entities

• Bion Environmental Technologies, Inc. (company) — The company filing the report.
• Dr. Robert L. Smith (person) — Appointed Chief Executive Officer and continues as Chief Technology Officer.
• June 17, 2024 (date) — Effective date of Dr. Robert L. Smith's appointment as CEO.
• Walter G. Wright, Jr. (person) — Resigned CEO.
• Mr. David L. Smith (person) — Appointed interim Chief Financial Officer.
• June 20, 2024 (date) — Date of the report.

FAQ

Filing Documents

• bion_8k.htm (8-K) — 28KB
• ex10x1.htm (EX-10.1) — 3KB
• ex99x1.htm (EX-99.1) — 9KB
• image_001.jpg (GRAPHIC) — 10KB
• 0001079973-24-000914.txt ( ) — 222KB
• bion-20240617.xsd (EX-101.SCH) — 3KB
• bion-20240617_lab.xml (EX-101.LAB) — 33KB
• bion-20240617_pre.xml (EX-101.PRE) — 22KB
• bion_8k_htm.xml (XML) — 3KB

02 Departure of Directors or Certain Officers;

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 17, 2024 Mr. Turk Stovall agreed to join the Board of Directors of the Company upon ratification by the Board at its next meeting later this month. Additionally, Mr. Stovall has agreed to become head' of Bion's beef activities as his companies and the Company proceed with joint development of a 15,000 head beef facility to be located at the site of his existing Yellowstone Cattle Feeders, LLC operations in Shepherd, Montana. His compensatory arrangements have not yet been negotiated and/or finalized at this time. We welcome Mr. Stovall to our senior executive team. See Exhibit 10.1.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On June 18, 2024, the Company issued a press release entitled "Stovall Ranching Companies and Bion Team Up to Produce Eco-friendly Montana Beef" which press release has been placed on the Investors page of our website.

01 Financial

Item 9.01 Financial (d) Exhibits . Exhibit No. Description 10.1 Turk Stovall resume 99.1 Press Release titled "Stovall Ranching Companies and Bion Team Up to Produce Eco-friendly Montana Beef" (dated June 18, 2024) 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: June 20, 2024 Name: Mark A. Smith, President

View Full Filing

View this 8-K filing on SEC EDGAR