---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-26-000113"
form_type: "8-K"
ticker: "BNET"
cik: "0000875729"
company_name: "BION ENVIRONMENTAL TECHNOLOGIES INC"
filed_at: "2026-01-27T23:59:59+00:00"
generated_at: "2026-05-16T07:45:12.727478+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Bion extends issuance of 7.7M settlement shares to affiliates and ex-director by 90 days

## Summary
- Board ratified 90-day extension for 7,701,746 settlement shares to affiliates (Lominy, Parlow) and non-affiliates (Bassani spouse, ex-Director Schafer), effective 1/15/26.
- New issuance deadline is April 15, 2026; individual holders may elect earlier issuance.
- Former Director/President Mark Smith elected to receive 400,000 settlement shares on November 12, 2025.
- Holders include family members of late former CEO Dominic Bassani and former director.

## SEC filing metadata
- accession: 0001079973-26-000113
- form_type: 8-K
- ticker: BNET
- cik: 0000875729
- company_name: BION ENVIRONMENTAL TECHNOLOGIES INC
- filed_at: 2026-01-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/875729/000107997326000113/0001079973-26-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/875729/000107997326000113/bion_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-26-000113
- JSON: https://secwatch.observer/filing/0001079973-26-000113.json
- Plain text: https://secwatch.observer/filing/0001079973-26-000113.txt

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