---
schema_version: "secwatch.filing_event.v1"
accession: "0001520138-23-000124"
form_type: "8-K"
ticker: "BIVI"
cik: "0001580149"
company_name: "BIOVIE INC."
filed_at: "2023-03-06T23:59:59+00:00"
generated_at: "2026-06-18T11:37:40.413841+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BioVie Chairman Terren Peizer resigns after being charged with insider trading of Ontrak Inc.

## Summary
- Resignation effective March 2, 2023; Peizer charged by DOJ and SEC for alleged insider trading of Ontrak Inc.
- Peizer's resignation is not due to any disagreement with BioVie's operations, policies, or practices.
- Board elected current director Jim Lang as new Chairman, effective immediately.
- Peizer had served as Chairman; his departure follows separate legal actions unrelated to BioVie.

## SEC filing metadata
- accession: 0001520138-23-000124
- form_type: 8-K
- ticker: BIVI
- cik: 0001580149
- company_name: BIOVIE INC.
- filed_at: 2023-03-06T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580149/000152013823000124/0001520138-23-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580149/000152013823000124/bivi-20230303_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520138-23-000124
- JSON: https://secwatch.observer/filing/0001520138-23-000124.json
- Plain text: https://secwatch.observer/filing/0001520138-23-000124.txt

## Key facts
- Executive change
  Terren S. Peizer resigned as Chairman of the Board at BIOVIE INC..
  - Action: resigned
  - Role: Chairman of the Board
  source text: On March 2, 2023, BioVie Inc. (the “Company”) accepted the resignation of Terren S. Peizer, Chairman of the Board of Directors of the Company (the “Board”), effective immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580149/000152013823000124/0001520138-23-000124-index.htm
- Executive change
  Jim Lang was elected as Chairman of the Board at BIOVIE INC..
  - Action: elected
  - Role: Chairman of the Board
  source text: The Board has elected Jim Lang, a current director of the Company, to serve as the new Chairman of the Board, effectively immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580149/000152013823000124/0001520138-23-000124-index.htm

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