secwatch.observer — SEC 8-K summary
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Issuer:     BIOVIE INC. (BIVI)
CIK:        0001580149
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0001520138-23-000124
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580149/000152013823000124/0001520138-23-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580149/000152013823000124/bivi-20230303_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-23-000124

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer