---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-24-001021"
form_type: "8-K"
ticker: "BNET"
cik: "0000875729"
company_name: "BION ENVIRONMENTAL TECHNOLOGIES INC"
filed_at: "2024-07-03T23:59:59+00:00"
generated_at: "2026-05-31T23:39:27.415574+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bion adds Stovall, Weerts to Board; President Mark Smith sets retirement

## Summary
- Appointed Turk Stovall and Bob Weerts to the Board of Directors.
- Mark A. Smith (President, Interim CFO, General Counsel) will retire effective July 31, 2024.
- Amendments to Bassani Family and MAS agreements extend conversion/exercise dates to January 15, 2025.
- Bassani family surrendered 20% of its Company holdings (list provided).
- Bion is developing a cattle feeding JV with Stovall Ranching; Stovall to lead that JV.

## SEC filing metadata
- accession: 0001079973-24-001021
- form_type: 8-K
- ticker: BNET
- cik: 0000875729
- company_name: BION ENVIRONMENTAL TECHNOLOGIES INC
- filed_at: 2024-07-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/875729/000107997324001021/0001079973-24-001021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/875729/000107997324001021/bion_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-24-001021
- JSON: https://secwatch.observer/filing/0001079973-24-001021.json
- Plain text: https://secwatch.observer/filing/0001079973-24-001021.txt

## Key facts
- Executive change
  Mark A. Smith retired as President, Interim Chief Financial Officer and General Counsel at BION ENVIRONMENTAL TECHNOLOGIES INC.
  - Action: retired
  - Role: President, Interim Chief Financial Officer and General Counsel
  source text: At the same Board meeting, MAS formally informed the Board of his intention that his long anticipated retirement from his various positions (including Director, President, Interim Chief Financial Officer and General Counsel) at the Company (and its subsidiaries) begin effective the end of business on July 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/875729/000107997324001021/0001079973-24-001021-index.htm
- Executive change
  Turk Stovall was appointed as Director at BION ENVIRONMENTAL TECHNOLOGIES INC.
  - Action: appointed
  - Role: Director
  source text: On June 27, 2024 Mr. Turk Stovall and Mr. Bob Weerts were appointed to the Board of Directors of the Company by the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/875729/000107997324001021/0001079973-24-001021-index.htm
- Executive change
  Bob Weerts was appointed as Director at BION ENVIRONMENTAL TECHNOLOGIES INC.
  - Action: appointed
  - Role: Director
  source text: On June 27, 2024 Mr. Turk Stovall and Mr. Bob Weerts were appointed to the Board of Directors of the Company by the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/875729/000107997324001021/0001079973-24-001021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.