{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-012336","form_type":"8-K","ticker":"TECH","cik":"0000842023","company_name":"BIO-TECHNE Corp","filed_at":"2022-08-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:58.273518+00:00","generated_at":"2026-06-24T03:32:37.245143+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Bio-Techne CEO Chuck Kummeth plans to retire by June 30, 2024; board begins successor search","bullets":["Revenue grew from $311M in FY2013 to $1.1B in FY2022 (CAGR >15%); employees grew from 800 to 3,000+.","Kummeth to receive 150k performance-vesting stock options for FY2023 and another 150k for FY2024, plus a $5M RSU award vesting over three years.","No base salary increase; bonus target remains at 160% of salary. Kummeth will stay on as CEO during the two-year transition.","Board evaluating internal and external CEO candidates; Kummeth is expected to remain on the board after retirement."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-012336","json":"https://secwatch.observer/filing/0001558370-22-012336.json","markdown":"https://secwatch.observer/filing/0001558370-22-012336.md","text":"https://secwatch.observer/filing/0001558370-22-012336.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/842023/000155837022012336/0001558370-22-012336-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/842023/000155837022012336/tmb-20220804x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T03:32:37.245143+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6b2702f134","claim":"Chuck Kummeth departed as Chief Executive Officer at BIO-TECHNE Corp.","evidence_excerpt":"On August 4, 2022, Bio-Techne Corporation (the “Company”) announced Chuck Kummeth’s plan to retire from his position as Chief Executive Officer effective June 30, 2024","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/842023/000155837022012336/0001558370-22-012336-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}