---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-24-001441"
form_type: "8-K"
ticker: "BNET"
cik: "0000875729"
company_name: "BION ENVIRONMENTAL TECHNOLOGIES INC"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:48:28.480455+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bion secures $500k insider note, Director Rupp exits board; ARS optimization progresses

## Summary
- Note with BLG LLC (directors Schoener, Stovall, Weerts) for up to $500k at 7.5% maturing April 15, 2025, secured by IP.
- Director Bill Rupp steps down from board effective Oct 31, remains on advisory board.
- ARS at Fair Oaks meets/exceeds expectations; final run for independent engineering report in two weeks.
- OMRI-listed fertilizer CI score 96% lower than urea baseline; OMRI audit and spot inspection passed.
- Stovall/YCF project planning near completion; goal to begin construction by Dec 31, 2024.

## SEC filing metadata
- accession: 0001079973-24-001441
- form_type: 8-K
- ticker: BNET
- cik: 0000875729
- company_name: BION ENVIRONMENTAL TECHNOLOGIES INC
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/875729/000107997324001441/0001079973-24-001441-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/875729/000107997324001441/bion_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-24-001441
- JSON: https://secwatch.observer/filing/0001079973-24-001441.json
- Plain text: https://secwatch.observer/filing/0001079973-24-001441.txt

## Key facts
- Executive change
  Bill Rupp departed as member of the Board of Directors at BION ENVIRONMENTAL TECHNOLOGIES INC.
  - Action: stepped down
  - Role: member of the Board of Directors
  source text: Effective October 31, 2024, Bill Rupp (“BR”) will step down as a member of the Board of Directors of the Company but will continue in his role on the Company’s Advisory Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/875729/000107997324001441/0001079973-24-001441-index.htm

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